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Old 07-09-2008, 09:33 AM   #1 (permalink)
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Default Technical Analysis on majors

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 close activity parity of both parties gives grounds to presume range movement of the rate without clearness in a choice of planning priorities for today. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to supports 1.0230/50, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ on condition of formation of topping signals the targets will be 1.0280/90, 1.0330/50 and/or further breakout variant up to 1.0390/1.0410, 1.0450/70. An alternative for sells will be below 1.0180 with the targets 1.0120/40, 1.0080/1.0100.



GBP
The pre-planned buyers’ positions from the key supports have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the strengthening of activity level of bearish counteraction does not give grounds to change planning priorities in favor of sells. Hence and taking into account the features of incompletion of bearish development, we assume a possibility of pair return to supports 1.9660/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.9720/40 and/or further breakout variant above 1.9760 with the targets 1.9800/20, 1.9860/80. An alternative for sells will be below 1.9600 with the targets 1.9520/40, 1.9460/80.



JPY
The assumed test of the key resistance range for realization of the pre-planned sells at the first half of previous trading day has not been confirmed and further events within the version of ascending trading channel have not revealed the advantage of any party for a firm choice of planning priorities for today. Hence we assume a possibility of range movement of the rate but with a preservation of existent tendency within trading channel with possible test of channel support “1” within the range of 106.70/90, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 107.20/30, 107.60/80 and/or further breakout variant up to 108.20/40, 108.60/80. An alternative for sells will be below 106.40 with the targets 105.80/106.00, 105.20/40.



EUR
The pre-planned buyers’ positions from the key supports have been realized with attainment of minimal assumed target. OsMA trend indicator having generally marked the relative rise of bearish activity does not give grounds for a firm choice of planning priorities for today. Hence we assume a possibility of range movement of the rate with a test of resistance range 1.5710/30, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.5670/80, 1.5610/30, 1.5570/80 and/or further breakout variant up to 1.5510/30, 1.5460/80, 1.5400/20. An alternative for buyers will be above 1.5770 with the targets 1.5810/20, 1.5860/80, 1.5900/20.






With respect,
analytic

Last edited by bubblehead; 09-04-2008 at 10:09 AM.
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