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

• Send
• Print
• Add To
• Rss

Forex Analysis on Majors

c9c0155d-3ef1-422f-a7b4-dc1573b4a718

4

0

Further Economic Activity Deceleration is Expected in Germany in 2009.

Fri, Nov 21 2008, 08:18 GMT
by Igor Kulaga

Forex Ltd

EUR

The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked activity fall of both parties gives reasons for assumptions about incomplete rate correction period. Hence and considering the current bullish activity cycle on the analyzed chart of working period we assume the possibility of as minimum another test at 1.2580/1.2600 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 1.2500/20, 1.2460/80, 1.2380/1.2400 and/or further breakout variant up to 1.2320/40, 1.2260/80. An alternative for buyers will be above 1.2660 with targets 1.2700/20, 1.2780/1.2800, and 1.2860/80.

CHF

The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked the sign of pair overbought but without the confirming level of bearish resistance gives reasons for the preservation of buying planning priorities for today as well. Hence and considering the descending direction of indicator chart we assume the possibility of rate return to close 1.2180/1.2200 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 1.2260/80, 1.2300/20 and/or further breakout variant up to 1.2360/80, 1.2440/60, 1.2500/20. An alternative for sells will be below 1.2140 with targets 1.2080/1.2100, 1.2020/40, 1.1960/80.

GBP

The pre-planned breakout variant for sells was realized with attainment of minimal assumed target. OsMA trend indicator, having marked rate fall by bullish reverse signal formation with further strengthening of buying activity and considering the chosen strategy gives reasons for buying priority choice in trading operations planning for today. Nevertheless taking into account rate position below Ichimoku cloud as a sign of further bearish trend we assume the possibility of rate return to 1.4760/80, 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 1.4840/60, 1.4920/40, 1.5010/30 and/or further breakout variant up to 1.5080/1.5100, 1.5200/20, 1.5280/1.5300, 1.5360/80. An alternative for sells will be below 1.4700 with targets 1.4630/50, 1.4560/80, 1.4500/20.

JPY

The pre-planned positions for sell from key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having marked signs of pair oversold as well as confirming bullish activity strengthening and considering the current situation gives reasons for assumptions about possible range rate movement in the near outlook. Hence and taking into account the ascending direction of indicator chart we assume the possibility of another test at 96.00/20 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 95.20/40, 94.40/60 and/or further breakout variant up to 93.80/94.00, 93.00/20, 92.40/60 and up to 91.00/20. An alternative for buyers will be above 96.80 with targets 97.40/60, 98.00/20, 98.80/99.00.

Published on  Fri, Nov 21 2008, 08:21 GMT