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Fundamental Analysis Discuss the macroeconomics of fundamental analysis.

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Old 07-29-2008, 09:58 AM   #1 (permalink)
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Default outlook on eur/usd is still neutral

CHF
The assumed test of the key supports has not been fully confirmed but the test of upper top of Ichimoku cloud with a fall of parties’ activity gives grounds to open short-term buyers’ positions because of possible range movement of the rate in a short-term future. Taking into account this fact for opening of long positions the targets will be 1.0360/80, 1.0400/20 and/or further breakout variant up to 1.0460/80, 1.0500/20. An alternative for sells will be below 1.0240 with the targets 1.0180/1.0200, 1.0140/60.



GBP
The assumed test of the key resistance range has been confirmed but the preservation of considerably high level of bullish activity was not a firm ground for realization of the pre-planned short positions. At present taking into account the descending direction of indicator chart with a preservation of some potential of bullish activity, we assume a possibility of pair return to supports 1.9880/1.9900, 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 1.9940/60, 2.0000/20 and/or further breakout variant up to 2.0060/80, 1.0100/20. An alternative for sells will be below 1.9800 with the targets 1.9720/40, 1.9680/1.9700.



JPY
The assumed test of the key supports has been confirmed with conditions for realization of the pre-planned long positions. At present taking into account the preservation of bullish advantage with a supports of upper line of Ichimoku cloud for opened long positions the possible targets will be 107.80/108.00, 108.40/60 and/or further breakout variant up to 109.00/20, 109.60/80. An alternative for sells will be below 106.90 with the targets 106.40/50, 106.00/20.



EUR
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 activity fall of both parties according to chosen strategy gives grounds to presume possible period of range movement of the rate within Ichimoku cloud without clearness in a choice of planning priorities for today. Hence we assume a possibility of rate fall to supports 1.5710/20, 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 1.5760/80, 1.5820/40 and/or further breakout variant up to 1.5870/90, 1.5910/30. An alternative for sells will be below 1.5600 with the targets 1.5520/40, 1.5460/80.





With respect,
analytic

Last edited by IGAL; 08-11-2008 at 07:27 PM.
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Old 08-06-2008, 09:52 AM   #2 (permalink)
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Default US dollar is under pressure after FED decision

CHF

The pre-planned buys have been realized with attainment of minimal targets. OsMA trend indicator marks the rising bearish strength with general direction on the chart can bring to a test of bottom channel boundary. The targets for sells will be 1.0455/75, 1.0420. An alternative for buyers will be 1.0550/70.



GBP

The pre-planned short positions have not been attained. In spite of considerable bullish strength pair turned to sideway direction that does not give planning priorities for today. So we can presume a test of bottom channel boundary that is a resistance level. The breakout variant for buyers is 1.9650/70. An alternative for sells is 1.9520/40.



JPY

The pre-planned variants for buyers have been realized with overlap of minimal targets. At this moment OsMA trend indicator shows the divergence with the chart that can bring to a rebound up to bottom channel boundary. Hence before opening trading positions it is necessary to take a support from the charts of shorter time interval. The targets for sells will be 107.90/108.10, 107.40. An alternative for buyers will be 108.70/90.



EUR

The pre-planned short positions have not been attained and pair continues to trade between channel boundaries. OsMA trend indicator shows the high bullish activity so the test of upper channel boundary is very possible, where it is recommended to evaluate further activity of both parties using the charts of shorter time intervals. The targets for sells will be 1.5650, 1.5400/20.




With respect,
analytic

Last edited by IGAL; 08-11-2008 at 07:27 PM.
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