New Analysis on Major Currency Pairs

alessio09

Master Trader
Jun 9, 2009
168
0
47
image_EUR

EUR/USD
The estimated rate return to key resistance range levels has been confirmed, but relative bullish activity rise, marked by OsMA indicator and rate position above Ichimoku cloud did not incline to the implementation of pre-planned short positions. At the moment considering activity parity of both parties but favouring to bullish party, we can assume probability of rate return to channel line “1” at 1,4180/1,4200 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,4240/60, 1,4300/20 and (or) further break-out variant up to 1,4360/80, 1,4440/60, 1,4500/20. The alternative for sales will be below 1,4100 with the targets of 1,4040/60, 1,3980/1,4000, 1,390/20.

USD/JPY
image_JPY

The estimated test of key supports for the implementation of pre-planned buying positions has not been confirmed but activity fall of both parties, marked by OsMA indicator gives grounds for the preservation of trading plans made earlier. Namely, as it was before, we can assume probability of rate return to close 94,20/40 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 94,80/95,00, 95,40/60 and (or) further break-out variant up to 96,00/20, 96,60/80. The alternative for sales will be below 93,80 with the targets of 93,20/40, 92,60/80, 92,00/20.

View latest analyses on other major currency pairs including GBP/USD, USD/CHF and others at the website.
 
Last edited: