• Home ::
• Technical ::
• Analysis Reports ::
• Forex Analysis on Majors

• Send
• Print
• Add To
• Rss

Forex Analysis on Majors

forex forecast on eur / usd / gbp / chf / jpy

Mon, Aug 18 2008, 09:37 GMT
by Igor Kulaga

Forex Ltd

CHF
The assumed test of the key supports has been confirmed but the relative rise of bearish activity revealed by OsMA indicator is a positive moment for immediate realization of the pre-planned long positions. Hence according to chosen strategy we assume a possibility of attainment of channel line “2” with the upper end of Ichimoku cloud at 1.0860/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.0920/40, 1.0980/1.1000 and/or further breakout variant above 1.1020 with the targets 1.1060/80, 1.1100/20. An alternative for sells will be below 1.0840 with the targets 1.0780/1.0800, 1.0710/30.



GBP
The pre-planned breakout variant for sells has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the oversold factor at a break of key supports with some advantage of bullish counteraction gives grounds to presume a possibility of attainment of channel line “1” on bottom end of Ichimoku cloud at 1.8760/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.8700/20, 1.8620/40, 1.8580/1.8600 and/or further breakout variant up to 1.8520/40, 1.8440/60, 1.8380/1.8400. An alternative for buyers will be above 1.8920 with the targets 1.8960/80, 1.9020/40.



JPY
The presumed test of the key supports for realization of the pre-planned buyers’ positions has not been confirmed and the expected rate rise with a break of key resistance range had the negative overbought factor that does not give grounds to open long positions because of low perspective. At present taking into account the relative rise of bearish activity with a preservation of buyers’ planning priorities we assume a possibility of attainment of 109.60/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buyers’ positions on condition of formation of topping signals the targets will be 110.20/40 and/or further breakout variant above 110.60 with the targets 111.00/20, 111.60/80, 112.40/60, 112.80/113.00. An alternative for sells will be below 109.00 with the targets 108.40/60, 108.00/20.



EUR
Earlier opened short positions have the positive result at minimal calculated targets and further events with realization of breakout variant did not have any positive result in attainment of assumed targets with oversold factor revealed by OsMA indicator at the break of key supports. At present taking into account the features of relative rise of buyers’ activity, we assume a possibility of attainment of 1.4800/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.4740/60, 1.4660/80 and/or further breakout variant below 1.4640 with the targets 1.4580/1.4600, 1.4520/40, 1.4460/80. An alternative for buyers will be above 1.4840 with the targets 1.4880, 1.4900.

Published on  Mon, Aug 18 2008, 09:40 GMT