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Forex Analysis on Majors

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Wed, Jul 23 2008, 07:25 GMT
by Igor Kulaga

Forex Ltd

CHF
The pre-planned breakout variant for buyers has been realized with attainment of assumed targets. OsMA trend indicator having marked the considerable rise of buyers’ activity gives grounds to make a sufficient choice of planning priorities for today. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to supports 1.0240/60, 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 1.0300/20, 1.0340/60 and/or further breakout variant up to 1.0400/20, 1.0460/80. An alternative for sells will be below 1.0190 with the targets 1.0120/40.



GBP
The pre-planned breakout variant for sells has been realized and the attainment of assumed targets is being supported by the considerable rise of bearish activity that was revealed by OsMA indicator within a test of boundary key supports. At present taking into account the ascending direction of indicator chart, we assume a possibility of test of the nearest resistance range 1.9960/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.9900/20 and/or further breakout variant below 1.9880 with the targets 1.9820/40, 1.9780/1.9800. An alternative for buyers will be above 2.0020 with the targets 2.0060/80, 2.0100/20.



JPY
The pre-planned breakout variant for buyers has been realized and the attainment of assumed targets is being supported buy sufficiently high level of buyers’ activity revealed by OsMA indicator within the test of key resistance range. At present taking into account the descending direction of indicator chart, we assume a possibility of pair return to supports 106.80/107.00, 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 above 107.80 with the targets 108.20/40. An alternative for sells will be below 106.40 with the targets 105.80/106.00, 105.20/40.



EUR
The pre-planned breakout variant for sells has been realized with attainment of assumed targets. OsMA trend indicator having marked the considerable rise of sells activity according to chosen strategy does not leave doubts in a choice of planning priorities in favor of sells. At present because of descending direction of indicator chart, we assume a possibility of pair return to resistance range 1.5810/30, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.5730/50, 1.5680/1.5700 and/or further breakout variant up to 1.5620/40, 1.5580/1.5600. An alternative for buyers will be above 1.5860 with the targets 1.5900/20, 1.5960/80.

Published on  Wed, Jul 23 2008, 07:34 GMT

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