Expecting for Resumption of Bearish Trend in Euro
Igor Kulaga from Forex Ltd at 02/18/10
EUR
The pre-planned break-out variant for sales has been implemented with attainment of anticipated targets. OsMA trend indicator, having marked essential rise of bearish activity at the break of key supports, suggests preference of choosing sales in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to borders of Ichimoku cloud at 1,3620/40 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 sales, on condition of the formation of topping signals the targets will be 1,3560/80, 1,3500/20 and (or) further break-out variant up to 1,3440/60, 1,3360/80, 1,3300/20. The alternative for buyers will be above 1,3720 with the targets of 1,3760/80, 1,3820/40.
CHF
The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked essential rise of buying activity at the break of key resistance range levels, suggests preference of bullish direction in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close border of Ichimoku cloud at 1,0740/60, 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 buying positions, on condition of the formation of topping signals the targets will be 1,0800/20 and (or) further break-out variant up to 1,0860/80, 1,0920/40, 1,0980/1,10000. The alternative for sales will be below 1,0700 with the targets of 1,0640/60, 1,0580/1,0600.
GBP
The estimated test of key supports has been confirmed with conditions for implementation of the pre-planned buying positions. OsMA trend indicator, having marked general parity of activity of both parties, suggests holding of open long positions with the targets of 1,5700/40 and (or) further break-out variant up to 1,5780/1,5800, 1,5840/60. The alternative for sales will be below 1,5600 with the targets of 1,5540/60, 1,5480/1,5500, 1,5420/40.
JPY
The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked rise in activity of both parties, suggests suppositions of preservation of the current trend, however, with risk of sharp changing of the situation in favor of bearish party. Hence and considering descending direction of indicator chart, we can assume probability of rate return to channel line 1 at 90,60/70 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 91,00/10, 91,40/50 and (or) further break-out variant up to 91,80/90, 92,40/60. The alternative for sales will be below 89,80 with the targets of 89,20/40, 88,60/80.
