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Friday, 18 July 2008

Forex Ltd

CHF
The pre-planned breakout variant for buyers has been realized but the overbought factor marked by OsMA indicator is not a positive moment for further preservation of opened buyers’ positions. At present taking into account the activity fall of both parties we assume a possibility of range movement of the rate without clearness in a choice of planning priorities for today. Hence taking into account the descending direction of indicator chart, we assume a possibility of attainment of the nearest supports in the range of 1.0150/70, 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 1.0220/40, 1.0280/1.0300 and/or further breakout variant above 1.0330 with the targets up to 1.0370/90, 1.0420/40, 1.0480/1.0500. An alternative for sells will be below 1.0100 with the targets 1.0020/40, 0.9980/1.0000.

GBP
The pre-planned short positions from the key resistance range have been realized with overlap of minimal assumed target. OsMA trend indicator having marked the absence of considerable advantage of any party gives grounds to presume the preservation of existent tendency or range movement of the rate without clearness in a choice of planning priorities for today. Hence and because of minimal bearish advantage, we presume a possibility of attainment of supports 1.9910/30, 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 1.9970/90, 2.0010/30 and/or further breakout variant up to 2.0070/90, 2.0120/40. An alternative for sells will be below 1.9880 with the targets 1.9820/40, 1.9760/80.

JPY
The pre-planned breakout variant for buyers has been realized with overlap of assumed targets. OsMA trend indicator having marked the reversal moment at the test of channel line “1” but with a high level of development of bullish activity gives grounds to preserve corresponding planning priorities for today. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to supports 105.70/90, 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 106.40/60, 107.00/20 and/or further breakout variant up to 107.60/80, 108.20/40. An alternative for sells will be below 104.80 with the targets 104.20/40, 103.80/104.00.

EUR
The pre-planned sells from the key resistance range have been realized with attainment of main assumed targets. OsMA trend indicator having marked the activity fall of both parties with stronger bullish position because of chosen strategy gives grounds to presume range movement of the rate with some favor in buyers’ planning priorities for today. Hence we assume a possibility of another test of channel line “1” in the range of 1.5790/1.5810, 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 1.5850/70, 1.5910/30 and/or further breakout variant up to 1.5970/90, 1.6020/40. An alternative for sells will be below 1.5760 with the targets 1.5720/30, 1.5680/1.5700.