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Main » Articles » Currency trading

Euro's Difficult Rise
by Igor Kulaga

Forex Ltd


EUR

 

The pre-planned break-out variant for buyers has been implemented and the preservation of opened buying positions is “supported” by bullish activity progress at the break-out of key range resistance levels. OsMA trend indicator, having marked in general picture, against short-term outlooks the preservation of several priority of bearish party activity and gives additional risks of probable rate fall to 1,4020/40 supports 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 1,4080/1,4100, 1,4160/80  and (or) further break-out variant up to 1,4220/40, 1,4280/1,4300, 1,4340/60. The alternative for buyers will be above 1,3960 with the targets of 1,3900/20, 1,3840/60, 1,3800/20.

www.ForexLtd.co.uk

 

CHF

 

The pre-planned break-out variant for sales has been implemented but with loss of several points in the achievement of minimal anticipated target. OsMA trend indicator marks bearish activity progress at the break-out of key supports against the background of activity parity of both parties and gives grounds to suppose rate fall period incompleteness but without clarifying the choice of planning priorities for today. On the assumption of it as well as of descending direction of indicator chart we can assume probability of rate attainment f 1,0760/80  resistance range levels where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,0700/20, 1,0640/60, 1,0580/1,0600 and (or) further break-out variant up to 1,0520/40,  1,0460/80, 1,0360/1,0400. The alternative for buyers will be above 1, 0840 with the targets of 1,0880/1,0900, 1,0940/60, 1,0980/1,1000.

www.ForexLtd.co.uk

 

GBP

 

The pre-planned short-term sales from key resistance range levels have been implemented but with  overlap of minimal anticipated target. OsMA trend indicator, having marked further rise by bullish activity progress but within activity parity of both parties as it was before and does not clarify the choice of planning priorities for today. On the assumption of it as well as of descending direction of indicator chart  we can assume probability of rate return to channel line “1” at Kijun line level of Ichimoku indicator at 1,6440/60 levels where it is recommended to evaluate 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 formation of topping signals the targets will be 1,6500/20, 1,6580/1,6600, 1,6660/1,6700  and (or) further break-out variant up to 1,6760/80, 1,6880/1,6920, 1,7000/40.The alternative for buyers will be above 1,6380  with the targets of 1,6320/40, 1,6240/60, 1,6180/1,6200.

www.ForexLtd.co.uk

 

JPY

 

The pre-planned break-out variant for buyers has been implemented but with loss in the achievement of estimated targets. OsMA trend indicator having marked preservation of minimal of activity  of both parties as a sign of rate rage movement, does not clarify the choice of planning priorities for today. On the assumption of it as well as of several signs of minimal bearish party priority we can assume probability of rate return to 97,20/30 supports where it is recommended to evaluate 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 formation of topping signals the targets will be 97,70/80, 98,20/40, 98,80/99,00 and (or) further break-out variant up to 99,40/60, 100,00/20, 100,60/80. The alternative for sales will be below 96,60  with the targets of 96,00/20, 95,20/40.

www.ForexLtd.co.uk

Category: Currency trading | Added by: forex-market (2009-06-12)
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