Sharp Shift of Priorities in Euro
Igor Kulaga from Forex Ltd at 11/27/09
EUR
The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked rise in bullish activity at break of key supports, gives grounds favoring sales in planning trading operations for today. Hence and considering sign of rate oversold, we can assume probability of rate return to close 1,4960/80 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 1,4900/20, 1,4840/60 and (or) further break-out variant up to 1,4780/1,4800, 1,4720/40, 1,4660/80. The alternative for buyers will be above 1,5060 with the targets of 1,5100/20, 1,5160/80.
CHF
The pre-planned break-out variant for buyers has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked break of key resistance range levels by relatively high level of bullish activity, gives grounds favoring priority of bullish direction in planning trading operations for today. Hence, at this point, considering sign of rate overbought, we can assume probability of rate return to close 1,0050/70 support 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 buying positions, on condition of the formation of topping signals the targets will be 1,0110/30, 1,0170/90 and (or) further break-out variant up to 1,0240/60, 1,0300/20. The alternative for sales will be below 1,0000 with the targets of 0,9940/60, 0,9880/0,9900.
GBP
The pre-planned break-out variant for sales has been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked break of key supports by high level of sales activity, gives grounds favoring priority of bearish direction in planning trading operations for today. Hence and considering current reversal signal in indicator chart, we can assume probability of rate return to 1,6460/80 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 1,6400/20, 1,6360/80 and (or) further break-out variant up to 1,6300/20, 1,6240/60. The alternative for buyers will be above 1,6600 with the targets of 1,6660/80, 1,6720/40.
JPY
The pre-planned break-out variant for sales has been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked break of key supports by sign of rate oversold, has not marked by this point any confirming rise of bullish opposition, giving grounds favoring priority of bearish direction in planning trading operations for today. Hence and considering ascending direction of indicator, we can assume probability of reaching channel line 1 contained in 86,60/80 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 sales on condition of the formation of topping signals the targets will be 86,00/20, 85,40/60, 84,80/85,00 and (or) further break-out variant up to 84,20/40, 83,60/80. The alternative for buyers will be above 87,80 with the targets of 88,20/40, 88,80/89,00.
