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Old 02-26-2008, 01:59 AM
analytic analytic is offline
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Join Date: Nov 2007
Posts: 47
Default Technical analysis on major currencies

CHF
The pre-planned short positions from the key resistance range have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties because of chosen strategy gives grounds to presume further rate correction period with another test of resistance range 1.0920/35, 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 1.0880/90, 1.0820/30 and/or further breakout variant up to 1.0760/80, 1.0700/20. An alternative for buyers will be above 1.0960 with the targets 1.0000/20, 1.1060/80, 1.1100/20.



GBP
The pre-planned buyers’ positions from the key support range have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties makes actual the variant of further rate correction with a retest of supports 1.9600/20, 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 1.9660/80, 1.9720/40 and/or further breakout variant up to 1.9780/1.9800, 1.9860/80, 1.9920/40. An alternative for sales will be below 1.9540 with the targets 1.9480/1.9500, 1.9420/40, 1.9380/1.9400.



JPY
The assumed test of the key resistance range has been confirmed but further events at a rise of bullish activity and break of boundary resistance range did not promote to realization of the pre-planned short positions. OsMA trend indicator having marked the relatively high level of bullish activity within the version of descending trading channel considerably reduces a possibility of perspectives concerning further rate movement along the existing tendency. Hence we do not have enough grounds to choose buyers’ priorities but as a variant it is possible to change trend direction and we suppose a possibility of pair return to the nearest supports 107.60/75, 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 108.10/20 and/or further breakout variant up to 108.60/80, 109.20/40, 109.80/110.00. An alternative for sales’ renovation will be below 107.40 with the targets 106.80/107.00, 106.20/40.



EUR
The pre-planned buyers’ positions from the key supports have been realized but with a loss of several points in attainment of main assumed target. OsMA trend indicator having preserved the advantage of bearish party gives grounds to presume further period of rate correction for which the key support will be 1.4770/80, 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 1.4820/30, 1.4870/80 and/or further breakout variant up to 1.4910/20, 1.4950/60, 1.4990/1.5000. An alternative for sales will be below 1.4720 with the targets 1.4660/80, 1.4600/20.



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With respect,
analytic
Forex Ltd
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