Economic Calendar

Tuesday, February 24, 2009

Forex Technical Analytics

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Daily Forex Technicals | Written by FOREX Ltd | Feb 24 09 08:17 GMT |

CHF

The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked as a result of the previous trading day advantage of bearish party and sign of pair overbought continues supporting sells planning priority. Hence we assume the possibility of rate return to close boundary of Ichimoku cloud at 1.1690/1.1710, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.1620/40, 1.1560/80 and/or further breakout variant up to 1.1500/20, 1.1440/60, 1.1320/60. An alternative for buyers will be above 1.1760 with targets 1.1800/20, 1.1880, 1.1900.


GBP

The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked close activity parity of both parties does not give definiteness in the choice of planning priorities for today. Hence and considering assumptions about possible range rate movement we assume the possibility of rate return to the Ichimoku cloud boundary at 1.4360/1.4400, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 1.4460/80, 1.4580/1.4620, 1.4660/1.4700 and/or further breakout variant up to 1.4780/1.4820, 1.4920/60, 1.5000/20. An alternative for sells will be below 1.4260 with targets 1.4180/1.4200, 1.4080/1.4120.

JPY

The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked essential bullish activity rise at the breakout of key resistance range gives reasons for bullish planning priorities in the choice of trading operations planning for today. Hence and considering bullish development cycle we assume the possibility of rate return to close 94.60/80 supports, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 95.00/20, 95.60/80 and/or further breakout variant up to 96.00/20, 96.60/80, 97.00/20. An alternative for sells will be below 94.00 with targets 93.40/60, 92.80/93.00.

EUR

The pre-planned breakout variant for sells was realized but with damage in attainment of assumed r\targets. OsMA trend indicator, having marked close activity parity of both parties does not give definiteness in the choice of planning priorities for today. Hence considering rate position above Ichimoku cloud in favor of bullish party as well as previous signs of pair oversold we assume the possibility of rate return to close 1.2700/20 supports, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.2760/80, 1.2820/40 and/or further breakout variant up to 1.2880/1.2900, 1.2940/60, 1.3000/20. An alternative for sells will be below 1.2620 with targets 1.2550/70, 1.2500/20.

FOREX Ltd
www.forexltd.co.uk



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