Forex Technical Analysis 01 October 2007


Opened short positions have attained the minimal assumed target. OsMA trend indicator having marked the relative rise of sales' activity generally did not reveal the progress of bearish activity that because of chosen strategy gives grounds to presume a possible rate movement within wide range limited by the levels of 1.16-1.17. Hence and because of the ascending direction of indicator chart, we assume a possibility of pair return to the range of 1.1680/1.1700, where it is recommended to evaluate the 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 1.1620/40, 1.1590/1.1600 and/or further breakout variant with more sales up to 1.1530/50, 1.1480/1.1500. An alternative for buyers will be above 1.1720 with the targets 1.1760/80, 1.1820/40, 1.1880/1.1900.


GBP

The pre-planned breakout variant for buyers has been realized with attainment of main targets. OsMA trend indicator having marked the progress of activity of buying party gives grounds to preserve buying planning priorities for today. Hence and because of descending direction of indicator chart, we assume a possibility of pair return to the nearest supports 2.0400/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 2.0460/80, 2.0520/40 and/or further breakout variant up to 2.0580/2.0600, 2.0620/40. An alternative for sales will be below 2.0300 with the targets 2.0220/40, 2.0180/2.0200.


JPY

The pre-planned sales from the key resistance range have been realized with realization of main assumed target. OsMA trend indicator did not reveal the progress in development of bearish party having marked the features of strengthening of buying activity preserves some advantage in bearish activity but with a factor of possible range movement of the rate in short-term feature. Hence and because of the bullish character of indicator chart, we assume a possibility of test of resistance range 1.1520/30, where it is recommended to evaluate the 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 114.60/80 and/or further breakout variant up to 114.00/20. An alternative for buyers will be above 115.40 with the targets 115.80/116.00, 116.20/40.


EUR

The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the considerable rise of bullish activity after the period of fall of parties' activity continues to 'support' a choice of buying planning priorities for today. Hence and because of descending direction of indicator chart with the features of relative strengthening of bearish counteraction, we assume a possibility of pair return to supports 1.4225/35, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buys on condition of formation of topping signals the targets will be 1.4270/90, 1.4310/20 and/or further breakout variant up to 1.4360/80, 1.4400/20. An alternative for sales will be below 1.4200 with the targets 1.4140/60, 1.4100/20.


By: Forex Ltd

Sharp LCD HDTV | 40 Inch HDTV | Body Weight Loss | All Xbox games | SkullCandy Headphones | Sennheiser Headphones
Home Stereo System | GE Dishwasher | Serta Mattress | Frontline Plus Dogs | Lamb Shoes | Leather Jacket Women | Indonesia Vacations