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Forex Analysis on Majors

Thai Minister Reiterates that in 2009 Export Growth Target Is 0%−3%

Mon, Mar 23 2009, 08:48 GMT
by Igor Kulaga

Forex Ltd  |  View company's profile

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EUR

The pre-planned long positions from key supports were realized with attainment of minimal assumed target. OsMA trend indicator, having marked preservation of slight minimal advantage of bearish party as before gives reasons for assumptions about further rate correction period but with support of buying planning priorities for today. Hence we assume the possibility of rate return to 1.3520/40, where it is recommended to evaluate 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 1.3580/1.3600, 1.3640/60, 1.3700/40 and/or further breakout variant up to 1.3780/1.3800, 1.3860/80, 1.3940/60, 1.4000/20. An alternative for sells will be below 1.3400 with targets 1.3340/60, 1.3260/80, 1.3240/60.

CHF

The assumed test of key resistance range for the realization of the pre-planned positions for sell was not confirmed and further relative strengthening of bullish activity gives reasons for assumptions about rate correction period incompleteness and preservation of bearish planning priorities for today as well. Hence we assume the possibility of attainment 1.1320/40 resistance levels, where it is recommended to evaluate 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 1.1240/60, 1.1160/80, 1.1090/1.1110 and/or further breakout variant up to 1.1020/40, 1.0940/60, 1.0820/40. An alternative for buyers will be above 1.1420 with targets 1.1460/80, 1.1520/40.

GBP

The assumed test of key supports for the realization of the pre-planned buying positions was not confirmed but preservation of minimal advantage of bearish party according to version of OsMA trend indicator, preserves actuality of assumptions about rate correction period incompleteness with bullish planning priority in operations trading for today. Hence as before we assume the possibility of rate return to close 1.4360/80 supports, where it is recommended to evaluate 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 1.4460/80, 1.4660/80, 1.4620/40 and/or further breakout variant up to 1.4680/1.4700, 1.4780/1.4820, 1.4960/1.5000. An alternative for sells will be below 1.4260 with targets 1.4200/20, 1.4140/60, 1.4060/80.

JPY

The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked tendency of essential bullish activity strengthening generally gives to technical picture signs of indefiniteness but in short-term outlook gives reasons for supporting buying priority of planning for today. Hence as well as considering descending direction of indicator chart we assume the possibility of rate return to 95.40/60 supports range, where it is recommended to evaluate 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 96.00/20, 96.60/80 and/or further breakout variant up to 97.20/40, 97.80/98.00, 98.40/60. An alternative for sells will be below 94.80 with targets 94.20/40, 93.60/80, 93.00/20.

Published on  Mon, Mar 23 2009, 08:50 GMT

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