CHF
The pre-planned and opened short positions have attained the minimum assumed target. OsMA trend indicator as a result of previous trading day marked the activity parity of both parties without a clearness of a choice of planning priorities according to the chosen strategy presuming a possibility of range movement of the rate. Hence and taking into account the rest of some advantage from bearish activity, we assume a possibility of pair return to supports 1.1990/1.2010, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.2040/60 and/or further breakout variant up to 1.2100/20, 1.2160/80, 1.2200/20. An alternative for sales will be below 1.1960 with the targets 1.1900/20, 1.1840/60, 1.1800/20.
GBP
Opened short positions did not have the positive result at the calculated minimum targeted levels. OsMA trend indicator having marked some weakness of bullish activity in the direction of attendant trend as well as the preservation of advantage at the level of sales activity continues to “support” the priority of bearish planning and at present taking into account the ascending direction of indicator chart, we assume a possibility of pair return to resistance range 2.0050/70, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.9990/2.0010, 1.9950/60 and/or further breakout variant up to 1.9900/20, 1.9840/60, 1.9780/1.9800, 1/9720/40. An alternative for buyers will be above 2.0100 with the targets 2.0140/60, 2.0180/2.0200.
JPY
The pre-planned breakout variant for sales has been realized but with a loss of several points in attainment of minimum assumed target. OsMA trend indicator having marked the tendency of strengthening of bearish activity brought in the factor of weakness through the relative rise of consequent bullish counteraction. Hence, we assume a possibility of range movement of the rate with a test of the nearest resistance range 114.70/80, where it is recommended to evaluate activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 114.20/40, 113.70/90 and/or further breakout variant up to 113.10/30,112.60/80, 112.00/20. An alternative for buyers will be above 115.20 with the targets 115.60/80, 116.00/20.
EUR
Opened buying positions have attained the assumed targets. OsMA trend indicator having marked the rate fall to the key supports for the alternative breakout variant revealed the relative strengthening of bearish activity that against the general background of parties’ correlation gives grounds to change planning priorities in favor of sales for today. Hence and because of ascending direction of indicator chart, we assume a possibility of pair return to resistance range 1.3600/20, where it is recommended to evaluate activity development according to the charts of shorter time interval. For sales on condition of formation of topping signals the targets will be 1.3540/60 and/or further breakout variant up to 1.3480/1.3500, 1.3430/50, 1.3380/1.3400. An alternative for buyers will be above 1.3650 with the targets 1.3690/1.3710.
With respect,
Big Johnny
ForexLtd 
|
08-29-07, 08:37 AM
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