CHF
The estimated variant for sales was implemented with overlap of minimal anticipated targets. OsMA trend indicator, after divergence formation, marked reverse momentum but further bullish activity rise was not enough for upside movement and now, considering bullish activity fall, you should expect retest of lower channel border, where it is recommended to reevaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for buying positions, the targets will be 1,0680/1,0700 and (or) further variant up to 1,7040/60, 1,0820. The alternative break-out variant for sales on condition of formation of confirmative signals will be below 1,0560 with the targets of 1,0500/20 further variant up to 1,0390/1,0410, 1,0220.
GBP
The estimated variant for buying positions has been implemented with overlap of maximum targets. At this point, OsMA trend indicator marked topping signal that together with bearish activity rise suggests rate return to close supports with further test of this zone. As for sales, the targets will be 1,6840/60 and (or) further variant up to 1,6750/70, 1,6680. The alternative for buying positions on condition of the formation of confirmative signals the targets will be 1,6980/1,7000 and (or) further variant up to 1,7030, 1,7070/90.
JPY
The pre-planned long positions were implemented with the overlap of minimum estimated target. OsMA trend indicator marked bearish activity rise. On the assumption of it as well as of the absence of close support levels and of descending direction of indicator chart we can suppose further development of short positions priority. In this case it is necessary to pay attention to false break-outs and to the possibility of rate return to the channel borders, therefore you shouldn’t forget about the signals of shorter intervals. As for sales, the targets will be 94,00/10 and (or) further variant up to 93,30/50, 92,20/40. As for buying positions, the targets will be 94,70/90 and (or) further variant up to 95,20/40, 95,80, 96,40.
EUR
The estimated targets for long positions were implemented with overlap of maximum targets in the result of rate rebound from support level. OsMA trend indicator, having marked bearish activity top, suggests further rate rise and testing of upper channel border. As for short-term buying positions, the targets will be 1,4440 and (or) further variant up to 1,4520/40, 1,4670. As for sales, the targets will be 1,4360, 1,4260/80 and (or) further variant up to 1,4180/1,4200, 1,4030/50.
Daily Forex Technicals | Written by FXtechtrade |
DOW JONES INDEX
Today's support: - 9258.73, 9235.25 and 9202.50(main), where a delay and correction may happen. Break of the latter will give 9181.30, where correction also can be. Then follows 9154.46. Be there a strong impulse, we would see 9129.37. Continuation will bring 9113.50.Today's resistance: - 9334.47 and 9360.00(main), where a delay and correction may happen. Break would bring 9387.72, where a correction may happen. Then follows 9413.44, where a delay and correction could also be. Be there a strong impulse, we'd see 9438.65. Continuation would bring 9450.00 and 9469.68.
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