Economic Calendar

Friday, November 28, 2008

Forex Technical Analytics

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Daily Forex Technicals | Written by FOREX Ltd | Nov 28 08 08:35 GMT |

CHF

The pre-planned buyers' positions from the key supports have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the tendency of activity fall of both parties with a preservation of some bearish advantage gives grounds to preserve earlier composed trading plans almost without changes. So we assume a possibility of pair return to the nearest supports 1.1940/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers' positions on condition of formation of topping signals the targets will be 1.2000/20, 1.2060/80 and/or further breakout variant up to 1.2120/40, 1.2200/20, 1.2260/80, 1.2300/20. An alternative for sells will be below 1.1900 with the targets 1.1840/60, 1.1780/1.1800, 1.1740/60.

GBP

The pre-planned short positions from the key resistance range have been realized with attainment of minimal assumed target. OsMA trend indicator having marked the activity parity of both parties as a result of previous trading day does not bring in considerable corrections to earlier composed trading plans which are still actual today. We assume a possibility of another test of earlier attained tops at 1.5480/1.5520, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.5360/80, 1.5260/80 and/or further breakout variant up to 1.5180/1.5200, 1.5100/20, 1.4980/1.5000. An alternative for buyers will be above 1.5620 with the targets 1.5700/20, 1.5820/40, 1.5960/80, 1.6020/40.

JPY

The pre-planned short positions from the key resistance range have been realized but with a loss of several points in attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties does not bring in clearness to a choice of planning priorities for today. Hence taking into account the fact that there are no reasons to close short positions and earlier composed targets and alternatives are still without changes. For opened short positions the targets will be 94.80/95.00, 94.20/40 and/or further breakout variant up to 93.60/80, 92.80/93.00, 91.20/40, 90.60/80. An alternative for buyers will be above 96.20 with the targets 96.60/80, 97.20/40, 97.80/98.00.

EUR

The pre-planned short positions from the key resistance range have been realized with overlap of minimal assumed target. OsMA trend indicator having generally marked activity fall of both parties as a feature of range movement of the rate does not give grounds to choose planning priorities for today. Hence because of lack of statistical data earlier composed trading plans are still without changes. So we assume a possibility of test of the nearest resistance range 1.2940/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.2860/80, 1.2800/20, 1.2740/60 and/or further breakout variant up to 1.2680/1.2700, 1.2620/40, 1.2560/80, 1.2420/40. An alternative for buyers will be above 1.3000 with the targets 1.3060/80, 1.3100/20, 1.3180/1.3200.

FOREX Ltd
www.forexltd.co.uk

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