Daily Forecast

[Alex Smith]

CHF
The assumed test of the key resistance range for realization of the pre-planned sales has been confirmed but further events with considerable rise of bullish activity did not dispose to realization of the pre-planned short positions and now it is a confirmative ground to make a corresponding choice of planning priorities for today. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to the nearest supports 1.0260/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buyers’ positions on condition of formation of topping signals the targets will be 1.0340/60, 1.0400/20 and/or further breakout variant up to 1.0460/80, 1.0520/40, 1.0580/1.0600. An alternative for sales will be below 1.0200 with the targets 1.0130/50, 1.0080/1.0100.





GBP
The assumed test of the key resistance range has been confirmed but the relative rise of revealed bullish activity did not dispose to realization of the pre-planned sales. At present taking into account a preservation of general tendency within a version of ascending trading channel as well as existent minimum of buyers’ advantage for the planning of short-term buyers’ positions, we assume a possibility of pair return to the nearest supports 2.0100/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 2.0170/90, 2.0220/40 and/or further breakout variant up to 2.0280/2.0300, 2.0340/60. An alternative for sales will be below 2.0060 with the targets 2.0000/20, 1.9960/80.





JPY
The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the advantage of further bullish activity and reaction of relative strengthening of bearish activity because of chosen strategy gives grounds to choose buyers’ planning priorities but on condition of calculations for completion of rate correction for which the key support range will be 102.50/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 103.20/40, 104.00/20 and/or further breakout variant up to 104.60/80, 105.00/20. An alternative for sales will be below 102.20 with the targets 101.60/80, 101.00/20.





EUR
The assumed test of the key resistance range has been confirmed but further events with a break of limited key levels against activity rise of both parties did not dispose to positive result from realization of earlier composed trading plans. As a result we have close parity of parties’ activity and absence of planning priorities for today. Hence and because of chosen strategy, we assume a possibility of range movement of the rate and taking into account ascending direction of indicator chart, we assume the attainment of key resistance range 1.5410/30, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.5340/60, 1.5280/1.5300 and/or further breakout variant up to 1.5210/30, 1.5140/60, 1.5100/20. An alternative for buyers will be above 1.5500 with the targets 1.5540/50, 1.5590/1.5610.





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With respect,
Alex Smith
Forex Ltd

[vladv]

It sure looks very professional!Many thanks to Mr. Alex Smith.

[FerruFx]

Thanks Alex for these charts.

FerruFx