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Old 06-19-2008, 02:48 AM
analytic analytic is offline
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Join Date: Nov 2007
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Default forecast on majors

CHF
The pre-planned sells from the key resistance range have been realized with attainment of main assumed targets. OsMA trend indicator having marked the relative rise of bearish activity continues to support the priority of attendant direction of planning for today. Hence and because of ascending direction of indicator chart, we assume a possibility of rate correction for which the boundary resistance range will be 1.0400/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.0340/60, 1.0280/1.0300 and/or further breakout variant up to 1.0220/40, 1.0160/80. An alternative for buyers will be above 1.0460 with the targets 1.0500/20, 1.0560/80.



GBP
The assumed test of the key resistance range has been confirmed but the relative rise of bullish activity revealed by OsMA indicator as a feature of incompletion of rate rise did not dispose to immediate realization of the pre-planned short positions. Taking this in account and keeping to planning priorities in favor of sells, we assume a possibility of attainment of the nearest resistance range 1.9620/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.9550/70, 1.9470/90 and/or further breakout variant up to 1.9410/30, 1.9360/80. An alternative for buyers will be above 1.9720 with the targets 1.9760/80, 1.9820/40.



JPY
The assumed test of the key supports has been confirmed with conditions for realization of the pre-planned buyers’ positions. OsMA trend indicator having marked the formation of reversal bullish signal with low activity of both parties within their parity gives grounds to presume further range movement of the rate but with a risk of sharp situation change in favor of bearish party. Hence for opened short-term buys the targets will be 108.00/20, 108.60/80 and/or further breakout variant up to 109.20/40, 109.80/110.00. An alternative for sells will be below 107.20 with the targets 106.60/80, 106.00/20.



EUR
The assumed test of the key supports for realization of the pre-planned buyers’ positions has not been confirmed and the low activity of both parties revealed by OsMA indicator as a result of previous trading day. Hence as before because of presumptions of possible continuation of range movement of the rate as well as taking into account descending direction of indictor chart, we assume a possibility of pair return to supports 1.5490/1.5510, 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 1.5550/70, 1.5600/20 and/or further breakout variant up to 1.5660/80, 1.5720/40, 1.5780/1.5800. An alternative for sells will be below 1.5440 with the targets 1.5380/1.5400, 1.5320/40, 1.5280/1.5300.



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With respect,
analytic
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