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Technical Analysis CHF

By:   Forex Ltd
  • 2009-03-07
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The pre-planned break-out variant for long positions has been implemented but with damage to achievement of anticipated targets. OsMA trend indicator having marked indefiniteness of bullish activity at break of key resistance range levels does not clarify the choice of planning priorities for today. Hence and considering chosen strategy case of range movement, we can assume probability of rate return to close 1,0820/40 support range levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,0880/1,0900, 1,0940/60, 1,1020/40 and (or) further break-out variant up to 1,1080/1,1100, 1,1140/60, 1,1200/20. The alternative for sales will be below 1,0760 with targets of 1,0700/20, 1,0640/60, 1,0580/1,0600.



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