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Old 05-28-2008, 02:46 AM
analytic analytic is offline
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Join Date: Nov 2007
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Default forecast on eur / usd / gbp / jpy / chf

CHF
The pre-planned breakout variant for buyers has been realized but with a loss of several points in attainment of minimal assumed target within previous trading day. OsMA trend indicator having marked the minimal advantage of bullish activity gives grounds for priority of bullish planning but general low activity of both parties makes limitations only for planning of short-term targets and presumptions about a possibility of sharp situation change in favor of any party. Hence and because of descending direction of indicator chart we assume a possibility of pair return to supports 1.0270/90, 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 1.0330/50, 1.0390/1.0410 and/or further breakout variant up to 1.0450/70, 1.0490/1.0510. An alternative for sales will be below 1.0180 with the targets 1.0120/40, 1.0080/1.0100.



GBP
The assumed test of the key support range has been confirmed but the relative rise of bearish activity and weakness of consequent bullish counteraction did not dispose to realization of the pre-planned buyers’ positions. At present taking into account the preservation of some advantage from sales, we assume a possibility of insignificant rate correction to the range of 1.9770/90, 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 1.9710/30, 1.9640/60 and/or further breakout variant up to 1.9580/1.9600, 1.9520/40. An alternative for buyers will be above 1.9860 with the targets 1.9900/20, 1.9960/80, 2.0000/20.



JPY
The assumed test of the key resistance range has been confirmed but the relative rise of buyers’ activity revealed by OsMA indicator was not a positive factor for realization of the pre-planned short positions. Further events with a formation of reversal bearish signal and relative activity rise from bearish party do not bring in clearness to a choice of planning priorities for today. Hence and because of chosen strategy, we assume a possibility of range movement of the rate with pair return to supports 103.70/80, 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 104.20/40 and/or further breakout variant up to 104.80/105.00, 105.40/60. An alternative for sales will be below 103.40 with the targets 102.80/103.00, 102.20/40, 101.80/102.00.



EUR
The pre-planned breakout variant for sales has been realized but the minimal rise of bearish activity revealed by OsMA indicator minimally supports the preservation of opened short positions. At present we assume a possibility of range movement of the rate without clearness in a choice of planning priorities for today. Hence and because of ascending direction of indicator chart we assume a possibility of pair return to resistance range 1.5730/50, 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 1.5690/1.5700, 1.5640/50 and/or further breakout variant up to 1.5580/1.5600, 1.5520/40, 1.5460/80. An alternative for buyers will be above 1.5820 with the targets up to 1.5860/80, 1.5940/60, 1.6000/20.



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With respect,
analytic
FOREX Ltd
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