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Daily Analysis – CHF
By: Forexltd - 03-10-2008
0votesThe pre-planned breakout variant for buyers was realized with attainment of assumed target. OsMA trend indicator, having marked the formation of bearish reverse signal and further relative bearish resistance rise gives reasons about the beginning of rate correction period but without reasons to change planning priorities in favor of sells. Hence and considering the bearish sign of indicator chart we assume the possibility of attainment 1.1230/50 support, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.1290/1.1310, 1.1360/80, 1.1400/20 and/or further breakout variant up to 1.1460/80, 1.1520/40, 1.1580/1.1600. An alternative for sells will be below 1.1120 with targets 1.1060/80, 1.100/20.
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