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Forex Analysis on Majors

UK Sterling is trying to break 1.5

Mon, Apr 6 2009, 09:22 GMT
by Igor Kulaga

Forex Ltd  |  View company's profile

CHF

The pre-planned short positions from the key resistance range have been realized with attainment of assumed targets. OsMA trend indicator having generally marked further advantage of bearish party gives grounds to presume further support of sellers’ planning priorities for today. Hence and taking into account the existent short-term activity parity of both parties we assume a possibility of rate return to the nearest resistance range 1.1280/1.1300, 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 1.1220/40, 1.1160/80 and/or further breakout variant up to 1.1100/20, 1.1040/60, 1.0920.60. An alternative for buyers will be above 1.1340 with the targets 1.1380/1.1400, 1.1440/60.



GBP

The pre-planned buyers’ positions from the key supports have been realized with attainment of main assumed targets. OsMA trend indicator having generally marked the advantage of bullish party gives grounds to presume further support of buyers’ planning for today. At present taking into account the overbought factor we assume a possibility of rate return to the nearest supports 1.4880/1.4900, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.4940/60, 1.5000/20, 1.5060/1.5100. An alternative for sells will be below 1.4780 with the targets 1.4720/40, 1.4660/80, 1.4600/20.



JPY

The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties with a preservation of some minimal advantage of bullish party gives grounds to preserve buying planning priorities for today. At present taking into account the reversal moment of indicator chart, we assume a possibility of pair return to supports 100.00/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 100.60/80, 101.20/40 and/or further breakout variant up to 101.80/102.00, 102.40/60, 103.00/20. An alternative for sells will be below 99.60 with the targets 99.00/20, 98.40/60, 97.80/98.00.



EUR

The pre-planned short positions from the key supports have been realized with attainment of main assumed targets. OsMA trend indicator having generally marked the advantage of bullish activity gives grounds to preserve the priority of buying planning priorities for today. At present taking into account the reversal moment on indicator chart, we assume a possibility of pair return to the nearest supports 1.3500/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.3560/80, 1.3620/40 and/or further breakout variant up to 1.3680/1.3700, 1.3740/60, 1.3800/20. An alternative for sells will be below 1.3450 with the targets 1.3390/1.3410, 1.3320/40.

Published on  Mon, Apr 6 2009, 09:27 GMT