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

Forex Analysis on Majors

EURO in Sideway Range

Wed, Mar 10 2010, 07:28 GMT
by Igor Kulaga

Forex Ltd  |  View company's profile

Vote:

60fc2928-f91c-4366-ab10-64a32af73ef5

10

0

• Send
• Print
• Add To
• Rss

EUR

The pre-planned break-out variant for sales has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate range movement and taking into account descending direction of indicator chart, we can assume probability of rate return to 1,3540/60 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 1,3600/20, 1,3660/80, 1,3740/60 and (or) further break-out variant up to 1,3800/20, 1,3860/80. The alternative for sales will be below 1,3440 with the target of 1,3380/1,3400, 1,3320/40.

CHF

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate range movement and taking into account descending direction of indicator chart, we can assume probability of rate return to 1,0780/1,0800 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,0720/40, 1,0660/80 and (or) further break-out variant up to 1,0600/20, 1,0540/60, 1,0500/20. The alternative for buyers will be above 1,0840 with the target of 1,0880/1,0900, 1,0920/40.

GBP

The pre-planned break-out variant for sales has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked rate overbought and further low level of bullish counteraction, suggests continuing gradual rate decline and, as a result, preference of planning sales for today. Hence, we can assume probability of rate return to borders of Ichimoku cloud at 1,5020/40, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,4940/60, 1,4880/1,4900 and (or) further break-out variant up to 1,4820/40, 1,4760/80. The alternative for buyers will be above 1,5100 with the target of 1,5160/80, 1,5240/60.

JPY

Earlier opened and held long positions did not have a positive result within the frames of the previous trading day. At this point, considering current bullish cycle, as marked by OsMA trend indicator, as earlier it is logical to anticipate holding of open long positions with the targets of 90,60/80, 91,00/20 and (or) further break-out variant up to 91,60/80, 92,00/20. The alternative for sales will be below 89,30 with the target of 88,90/89,00, 88,20/40.

Published on  Wed, Mar 10 2010, 07:31 GMT

Vote:

60fc2928-f91c-4366-ab10-64a32af73ef5

10

0

• Send
• Print
• Add To
• Rss