The G-8 meeting hosted in Italy has, unfortunately, evidenced again divides on stimulus measures and on possible exit strategies to be implemented once the crisis is over.

Those who have followed my work for some time know that I take a "toolbox" approach to analyzing and trading markets. The more technical and analytical tools I have in my trading toolbox at my disposal,

Momentum 1 is a short-term trend momentum strategy. Short-term means that this strategy can enter and exit several trades a day.

CHF. The estimated test of key resistance range levels has been confirmed and the achievement of estimated targets is supported by the tendency of rate overbought strengthening marked by OsMA trend indicator.

It was mentioned in a past article that Fibonacci forex trading is the basis of many forex trading systems used around the world by profitable forex traders. These systems are all based on the famous Fibonacci ratios (.236, .50, .382, .618, etc.)

GBP

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked decline in both party activity gives grounds for preservation of earlier designed trading plans for today.

GBP

The pre-planned long positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of parity of both party activity, as earlier, does not clarify the choice of planning priorities for today.

  JPY

The pre-planned long positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked tendency of strengthening of bearish activity combined with opposite tendency from buyers,