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Forex Analysis on Majors

Australian Dollar Turned Upside at the end of Asian Session

Wed, Nov 5 2008, 08:14 GMT
by Igor Kulaga

Forex Ltd  |  View company's profile

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EUR

The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked relative bullish activity rise gives reasons for the choice of buying planning priorities for today. Hence and considering the descending direction of indicator chart we assume the possibility of pair return to close 1.2800/20 supports, 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 1.2860/80, 1.2940/60, 1.3020/40 and/or further breakout variant up to 1.3080/1.3100, 1.3160/80, 1.3220/40. An alternative for sells will be below 1.2770 with targets
1.2700/20, 1.2620/40, 1.2520/40.

CHF

The pre-planned breakout variant for sells was realized but without attainment of assumed targets. OsMA trend indicator, having marked relative bearish activity rise at the break of key supports range gives reasons for the preservation of the earlier opened short positions as well as for the choice of sells planning priorities. Hence and considering the ascending direction of indicator chart we assume the possibility of pair return to 1.1720/40 resistance range, 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 1.1660/80, 1.1620/40, 1.1560/80 and/or further breakout variant up to 1.1500/20, 1.1420/40, 1.1360/80. An alternative for buyers will be above 1.1820 with targets 1.1860/80, 1.1920/40, 1.1980/2.0000.

GBP

The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having marked bullish activity rise at the break of key resistance range gives reasons for the choice of buying planning priorities for today. Hence and considering the descending direction of indicator chart we assume the possibility of rate decrease to 1.5640/80 supports, 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 1.5760/80, 1.5840/60, 1.5960/80 and/or further breakout variant above 1.6020 with targets 1.6060/80, 1.6120/40, 1.6200/20, 1.6260/80. An alternative for sells will be below 1.5580 with targets 1.5500/20, 1.5420/40, 1.5340/60, 1.5260/80.

JPY

The pre-planned breakout variant for buyers was realized but with damage to several points in the attainment of minimal assumed target. OsMA trend indicator, having marked relative buying activity rise nevertheless generally preserved activity parity of both parties and does not provide definiteness in the choice of planning priorities for today as well. Considering assumptions about range rate movement and bearish sign of indicator chart we assume the possibility of pair return to close 98.80/99.00 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 99.40/60, 100.00/20, 100.60/80 and/or further breakout variant up to 101.20/40, 101.80/102.00, 102.40/60. An alternative for sells will be below 98.00 with targets 97.40/60, 96.80/97.00, 96.20/40, 95.80/96.00.

Published on  Wed, Nov 5 2008, 08:17 GMT

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