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Forex Analysis on Majors

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Swiss Banks Have Enough Funds; their Financial Position is Stable

Tue, Sep 30 2008, 08:53 GMT
by Igor Kulaga

Forex Ltd

EUR

The pre-planned breakout variant for sells was realized with attainment of minimal assumed target. OsMA trend indicator despite the relative activity rise of both parties preserved the general situation of their parity and consequently the indefiniteness in the choice of planning priorities for today. Hence, as before, we assume the possibility of further pair return to the bottom of Ichimoku cloud at 1.4500/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.4440/60, 1.4360/80, 1.4280/1.4300 and/or further breakout variant up to 1.4200/20, 1.4140/60, 1.4080/1.4100. An alternative for buyers will be above 1.4600 with targets 1.4660/80, 1.4700/20, 1.4760/80, 1.4860/80.

CHF

The pre-planned short positions from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the bearish activity development gives reasons for the shot positions planning priorities for today. Hence and considering the positive sign of indicator chart we assume the possibility of pair return to the close 1.0980/1.1000 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.0920/40, 1.0860/80, 1.0780/1.0800 and/or further breakout variant up to 1.0720/40, 1.0660/80. An alternative for buyers will be above 1.1100 with targets 1.1160/80, 1.1240/60, 1.1280/1.1300.

GBP

The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked the bearish activity advantage gives reasons for the preservation of sells planning priorities but considering the signs of relative bullish resistance strengthening targeting at the decrease of trading risks we assume the possibility of pair return to 1.8180/1.8200 resistance ranges, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.8100/20, 1.8020/40, 1.7940/60 and/or further breakout variant below 1.7900 up to 1.7820/40, 1.7740/60, 1.7660/80. An alternative for buyers will be above 1.8320 with targets 1.8380/1.8400, 1.8480/1.8500.

JPY

The pre-planned breakout variant for sells was realized with attainment of assumed targets. OsMA trend indicator, having marked the bearish activity advantage considering the chosen strategy gives reasons for the choice of sells planning priorities for today. Hence and considering the ascending direction of indicator chart we assume the possibility of pair return to the channel signal “2” at 105.00/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 104.40/60, 103.80/104.00, 103.20/40 and/or further breakout variant up to 102.60/80, 102.00/20. An alternative for buyers will be above 105.60 with targets 106.00/20, 106.60/80.

Published on  Tue, Sep 30 2008, 09:00 GMT