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Daily Analysis – CHF
By: Forexltd - 06-10-2008
0votesThe pre-planned buying positions from key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the general low activity level of both parties considering the chosen strategy gives reasons for assumptions about range rate movement in the near outlook without definiteness in the choice of planning priorities for today. Hence considering the bullish position of indicator chart we assume the possibility of another test of the earlier attained tops at 1.1400/20 range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.1340/60, 1.1280/1.1300 and/or further breakout variant up to 1.1210/30, 1.1140/60, 1.1100/20. An alternative for buyers will be above 1.1500 with targets 1.1540/60, 1.1600/20.
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