CHF
The pre-planned buying positions from the key support range have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the progress of bearish activity gives grounds to presume a possible range movement of the rate in a short-term future within the activity parity of the parties. Taking into account this fact as well as the feature of incompletion of bearish development, we assume the pair return to the nearest resistance range of 1.1760/80, 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 1.1700/20 and/or further breakout variant up to 1.1640/60, 1.1600/20. An alternative for buyers will be above 1.1820 with the targets 1.1860/80, 1.1900/20.



GBP
The pre-planned breakout variant for buyers has been realized and the revealed considerable rise of bullish activity after considerably long low activity of the parties that gives grounds to choose buying planning priorities for today. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to the nearest supports 2.0350/70, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buys on condition of formation of topping signals the targets will be 2.0410/30 and/or further breakout variant up to 2.0470/90, 2.0540/60, 2.0600/20. An alternative for sales will be below 2.0270 with the targets 2.0210/30, 2.0140/60.



JPY
The assumed test of the key support range has not been confirmed but the low level of buying activity revealed by OsMA indicator with the reduction of sales’ activity preserves the actuality of composed trading plans for today. We assume a possibility of pair return to the key line “2” into support range 115.90/116.10, 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 116.50/70, 117.10/30 and/or further breakout variant up to 117.70/90, 118.10/30. An alternative for sales will be below 115.80 with the targets 115.30/50, 114.90/115.10.



EUR
The pre-planned sales from the key resistance range have been realized with attainment of main assumed target. The consequent events after the renewal of intraday minimum at the breakout of intraday maximum OsMA trend indicator did not reveal the clearness of buying activity rise that gives grounds to preserve bearish planning priorities for today. Hence and because of the logical incompletion of bullish development, we assume a possibility of test of resistance levels 1.4170/90, 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 1.4110/30, 1.4060/80 and/or further breakout variant up to 1.4000/20, 1.3960/80, 1.3900/20. An alternative for buyers will be above 1.4200 with the targets 1.4250/70, 1.4300/20, 1.4360/80.


With respect,
Alex Smith
Forex Ltd

This is EUR/USD wave analysis

At an H4 chart of the pair there is a version of marking of wave [C] within the second figure of Elaborate Correction by type of Double Combination with a basic cycle of one week of market data optimization.

Having continued discussing the question of return to main version of wave [C] development by type of Non-Standard Correction on the chart with one week optimization we have more detailed version of marking of Impulsive stage of wave [c] development within the second Zigzag of examined corrective row.
The main idea of wave [c] structure is the development of Trend Impulsion with the extension in the fifth wave. The feature of this structure is the segmentation of wave-(5) with the analogous development of this wave by type of Trend Impulsion with the extension in wave (v) of lower degree.
Taking into account the fact that the structure of wave [b] represents the Contracting Limiting Triangle, we have relatively reliable temporal line of wave-[c] completion according to the convergence of Triangle’s trend lines. Hence, the calculated time of wave-[c] completion is at least two weeks but considerably strong dynamics of development of Impulsion segment of wave-[c] has the history of more than three weeks and should be completed with the targeted levels above 1.4350 in short-term future. This seeming “precipitance” can be logically compensated by the development of Terminal Impulsion in wave (v) with a great possibility by type of development of Terminal Impulsion with the extension in the fifth wave. Described variant is the typical scenario of inclusion of such a figure to the fifth wave of larger Impulsive figure with extended fifth wave or in the case when the Terminal forms wave-c.
On the other hand up to the present moment we have one unsolved question of wave [C] structure. Will wave [C] structure represent Double Zigzag, Triple Zigzag or Triple Combination? The clarification of this moment is possible only after evaluation and determination of structure of development of wave activity after the completion of analyzing wave-[c] of lower degree.