Updated Analysis on Majors

[Rosado]

I think the EUR/USD will remain bearish for when referring to the chart, the MACD indicator is not yet oversold.

[alessio09]

EUR/USD

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering probability of rate range movement and taking into account bullish sign of indicator chart, we can assume probability of rate return to close borders of Ichimoku cloud at 1,3240/60, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,3180/1,3200, 1,3120/40, 1,3080/1,3100 and (or) further break-out variant up to 1,3020/40, 1,2960/80. The alternative for buyers will be above 1,3360 with the targets of 1,3400/20, 1,3460/80, 1,3520/40.

Forex technical analysis

[oxygen.60]

Great chart analysis. However, after failing with the EURUSD's attempt at breaking free from the bearish trend, the pair is now appearing to resume its bearish course.

[alessio09]

EUR/USD

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked relatively high level of bearish activity at break of key supports, suggests preference of sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to 1,3000/20 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for sales, on condition of the formation of topping signals the targets will be 1,2940/60, 1,2880/1,2900 and (or) further break-out variant up to 1,2820/40, 1,2760/80, 1,2700/20. The alternative for buyers will be above 1,3100 with the targets of 1,3140/60, 1,3200/20.

Forex technical analysis

[alessio09]

EUR/USD

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of reversal signal with further relative rise of bullish activity, suggests rate correction period, but with preference of bearish direction in planning trading operations for today. Hence, we can assume probability of reaching 1,2900/20 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,2840/60, 1,2780/1,2800 and (or) further break-out variant up to 1,2720/40, 1,2660/80, 1,2600/20. The alternative for buyers will be above 1,3000 with the targets of 1,3040/60, 1,3100/20.

Forex technical analysis on major currency pairs

[alessio09]

EUR/USD

The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked this week`s top by formation of bearish reversal signal with further relative rise of sales activity, suggests further correction period with key supports at close 1,2180/1,2200 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,2240/60, 1,2300/20 and (or) further break-out variant up to 1,2360/80, 1,2420/40. The alternative for sales will be below 1,2100 with the targets of 1,2040/60, 1,1980/1,2000.

Forex analysis on majors

[alessio09]

EUR/USD

The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked strengthening of buying activity, suggests further preference of bullish direction in planning trading operations for today. Therefore, at this point, considering bearish sign of indicator chart, we can assume probability of rate return to close 1,2280/1,2300 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for buying positions, on condition of the formation of topping signals the targets will be 1,2340/60 and (or) further break-out variant up to 1,2400/20, 1,2460/80, 1,2540/60. The alternative for sales will be below 1,2200 with the targets of 1,2140/60, 1,2080/1,2100.

Forex analysis on majors

[alessio09]

EUR/USD

The estimated rate return to key supports has been confirmed with conditions for implementation of the pre-planned buying positions. OsMA trend indicator, having marked sales activity decline, favors holding of open long positions with the targets of 1,2280/1,2300, 1,2340/60 and (or) further break-out variant up to 1,2400/20, 1,2460/80, 1,2540/60. The alternative for sales will be below 1,2200 with the targets of 1,2140/60, 1,2080/1,2100.

Forex analysis on majors

[alessio09]

EUR/USD

The earlier opened and held long positions had a positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked rise in activity of bullish party, suggests preference of buying positions in planning trading operations for today. Therefore, at this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,2340/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,2400/20 and (or) further break-out variant up to 1,2460/80, 1,2540/60, 1,2600/20. The alternative for sales will be below 1,2280 with the targets of 1,2220/40, 1,2160/80.

Forex analysis on majors

[alessio09]

EUR/USD

The pre-planned long positions from key supports have been implemented with attainment of basic anticipated target. OsMA trend indicator, having marked sign of rate overbought, suggests further rate range movement, however, with preference of bullish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2380/1,2400 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,2440/60 and (or) further break-out variant up to 1,2500/20, 1,2560/80, 1,2640/60. The alternative for sales will be below 1,2300 with the targets of 1,2240/60, 1,2180/1,2200.

Forex analysis on majors