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Old 05-16-2008, 01:10 AM
analytic analytic is offline
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Join Date: Nov 2007
Posts: 40
Default daily forecast on eur / gbp / jpy / chf

CHF
The assumed test of the key support range has been confirmed but the relative rise of bearish activity revealed by OsMA indicator did not dispose to immediate realization of the pre-planned buyers’ positions but formally in case of their realization the minimal targeted level have already been attained. OsMA trend indicator having not revealed the features of decisive bullish development because of approximate equality of parties’ activity gives grounds to presume a range movement of the rate without clearness in a choice of planning priorities for today. Hence and because of descending direction of indicator chart as before we assume a possibility of another test of supports 1.0490/1.0510, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.0550/70, 1.0610/30 and/or further breakout variant up to 1.0670/90, 1.0720/40. An alternative for sales will be below 1.0460 with the targets 1.0400/20, 1.0360/80.



GBP
The assumed test of the key resistance range for realization of the pre-planned short positions has not been confirmed but the characteristics of OsMA indicator with the features of activity fall does not bring in changes to earlier composed trading plans. Hence as before we assume a possibility of test of resistance range 1.9520/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.9440/60, 1.9360/80 and/or further breakout variant up to 1.9300/20, 1.9260/80. An alternative for buyers will be above 1.9600 with the targets 1.9660/80, 1.9720/40, 1.9780/1.9800.



JPY
The pre-planned buyers’ positions from the key support range have been realized with attainment of minimal assumed target. OsMA trend indicator having not revealed the persuasiveness of bullish development as a reaction of some oversold factor gives grounds to presume further rate correction but with a preservation of buyers’ planning priorities for today. Hence we assume a possibility of attainment of supports 104.10/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 104.60/70, 105.00/10 and/or further breakout variant up to 105.40/50, 105.70/80. An alternative for sales will be below 103.80 with the targets 103.20/40, 102.60/80.



EUR
Earlier opened long positions have attained the calculated targeted level with consequent reverse with a result at main assumed targets. OsMA trend indicator having marked the activity parity of both parties with the features of their relative rise continues to support the version of possible range movement of the rate without clearness in a choice of planning priorities for today but with a risk of sharp situation change in favor of one of the parties. Hence and because of ascending direction of indicator chart we assume a possibility of another test of resistance range 1.5540/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.5480/1.5500, 1.5410/30 and/or further breakout variant up to 1.5350/70, 1.5290/1.5110. An alternative for buyers will be above 1.5600 with the targets 1.5640/60, 1.5680/1.5700.



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With respect,
analytic
Forex Ltd
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