Forex forum Forexforum.net Forex news Forex forum
Forex tutorial Forex brokers Contact us
 
TOP OF THE FORUM  

Go Back   Forex Forum > ForexForum.NET - The Worlds leading Forex Forum > ***Trade of the day
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read



Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 02-19-2008, 03:14 AM
analytic analytic is offline
Member
 
Join Date: Nov 2007
Posts: 50
Default Technical Analysis on major currencies

CHF
The assumed pair return to the channel line “1” has been confirmed but further events with a break of limited key resistance range with attendant rise of bullish activity were the ground to realize breakout buyers’ variant. At present taking into account the descending direction of indicator chart, we assume a possibility of pair return to supports 1.0970/80, 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 1.1010/20 and/or further breakout variant above 1.1040 with the targets 1.1080/1.1100, 1.1140/60, 1.1200/20. An alternative for sales will be below 1.0880 with the targets 1.0820/40, 1.0760/80, 1.0700/20.




GBP
The pre-planned short positions from the key resistance range have been realized with attainment of main assumed targets. OsMA trend indicator having marked the relatively high level of bearish activity did not reveal sufficient bullish counteraction to assume a possibility to change planning priorities in favor of buyers. Nevertheless taking into account the factor of absence of development progress according to the version of OsMA indicator as well as bullish character of indicator chart, we assume further rate correction period with attainment of the key resistance range 1.9540/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For sales on condition of formation of topping signals the targets will be 1.9480/1.9500 and/or further breakout variant below 1.9460 with the targets 1.9600/20, 1.9360/80, 1.9300/20. An alternative for buyers will be above 1.9600 with the targets 1.9640/60, 1.9700/20.



JPY
The pre-planned breakout variant for buyers has been realized but with a loss of several points in attainment of minimal assumed target. OsMA trend indicator having marked the relative rise of bullish activity generally has the features of activity parity of both parties with a perspective of range movement of the rate. At present taking into account the descending direction of indicator chart as before we assume a possibility of attainment of supports 107.50/60, 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 107.90/108.10 and/or further breakout variant up to 108.30/40, 108.60/80, 109.00/20. An alternative for sales will be below 107.20 with the targets 106.60/80, 106.00/20, 105.60/80.



EUR
The pre-planned buyers’ positions from the channel line “1” have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the progress of bullish development now supports the preservation of opened long positions with attainment of minimal targeted levels within the range 1.4740/60, where it is recommended to evaluate the situation to take any decision concerning the strengthening of long positions or their reduction to complete closure. Break above 1.4780 will open targets for attainment of 1.4820/40, 1.4880/1.4900, 1.4920/40. An alternative for sales will be below 1.4640 with the targets 1.4580/1.4600, 1.4520/40.



Here You may also find current Wave and Fundamental Analyses

With respect,
analytic
Forex Ltd
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 10:59 AM.






forex software - forex - forum forex- annuaire forex - forex
Forex news - Forex calendar - Forex forum - Forex tutorial - Forex glossary - Forex brokers - Forex books - Forex links