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Forex Analysis on Majors

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G−20 are Trying to Surmount the Crisis

Tue, Oct 14 2008, 07:40 GMT
by Igor Kulaga

Forex Ltd

EUR

The pre-planned positions for sell from key resistance range were realized with overlap of minimal assumed target. OsMA trend indicator, having marked activity fall of both parties as before do not give definiteness in the choice of planning priorities for today. Hence considering suppositions about possible range rate movement we assume the possibility of pair return to close 1.3570/90 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.3640/60, 1.3700/20 and/or further breakout variant up to 1.3760/80, 1.3800/20. An alternative for sells will be below 1.3500 with targets 1.3440/60, 1.3380/1.3400, and 1.3320/40.

CHF

The pre-planned buying positions from key supports range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked activity fall of both parties gives reasons for assumptions about range rate movement without definiteness in choice of planning priorities for today. Hence considering the signs of bullish development incompleteness we assume the possibility of pair return to the current week top at 1.1400/20, 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 1.1340/60, 1.1280/1.1300, 1.1240/60 and/or further breakout variant up to 1.1180/1.1200, 1.1120/40, 1.1060/80. An alternative for buyers will be above 1.1500 with targets 1.1540/60, 1.1590/1.1610.

GBP

The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked the bearish activity advantage gives reasons for choosing buying planning priorities for today. At the moment considering the sign of pair oversold and without confirming strength of bearish resistance we assume the possibility of pair return to close 1.7420/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 1.7480/1.7500, 1.7560/80, 1.7640/60 and/or further breakout variant above 1,7700 with targets 1.7760/80, 1.7840/60, 1.7900/20. An alternative for sells will be below 1.7240 with targets 1.7160/80, 1.7080/1.7100, and 1.7000/20.

JPY

The pre-planned breakout variant for buyers was realized with overlap of minimal assumed target. OsMA trend indicator, having marked the result of the past day by the bullish development advantage nevertheless considering general activity parity of both parties gives reasons for assumptions of range rate movement within boundaries of Ichimoku cloud. Hence at the moment with the beginning of bearish development active phase we assume the possibility of pair return to the channel support “1” at 100.60/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 101.20/40, 101.80/102.00, 102.60/,80 and/or further breakout variant above 103.40 with targets 103.80/104.00, 104.60/80, 105.20/40. An alternative for sells will be below 100.20 with targets 99.60/80, 99.00/20, 98.40/60.

Published on  Tue, Oct 14 2008, 07:46 GMT