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Daily Analysis – CHF

By:

Forexltd

30-09-2008

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The pre-planned short positions from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the bearish activity development gives reasons for the shot positions planning priorities for today. Hence and considering the positive sign of indicator chart we assume the possibility of pair return to the close 1.0980/1.1000 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.0920/40, 1.0860/80, 1.0780/1.0800 and/or further breakout variant up to 1.0720/40, 1.0660/80. An alternative for buyers will be above 1.1100 with targets 1.1160/80, 1.1240/60, 1.1280/1.1300.

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