Technical analysis for February 25, 2010

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CHF

The pre-planned break-out variant for sales has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy, and taking into account bullish position of indicator chart, we can assume probability of attainment of close 1,0880/1,0900 resistance 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 1,0820/40, 1,0760/80 and (or) further break-out variant up to 1,0700/20, 1,0640/60, 1,0580/1,0600. The alternative for buyers will be above 1,0940 with the targets of 1,0980/1,1000, 1,040/60.

GBP

The estimated test of key resistance range levels for implementation of the pre-planned sales has not accurately been confirmed, however, anticipated rate decline only marked fall in both party activity as a sign of no clear choice in planning priorities with probable rate range movement. Therefore, considering current sign of rate oversold, we can assume probability of rate return to close 1,5360/80 resistance 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 1,5300/20, 1,5240/60 and (or) further break-out variant up to 1,5180/1,5200, 1,5120/40. The alternative for buyers will be above 1,5500 with the targets of 1,5540/60, 1,5600/20.

JPY

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preserved priority of bearish activity, regardless of rate oversold, suggests preservation of sales priority in planning trading operations for today. Hence, we can assume probability of rate return to close 89,80/90,00 resistance 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 89,20/40 and (or) further break-out variant up to 88,60/80, 88,00/20. The alternative for buyers will be above 90,40 with the targets of 90,80/91,00, 91,40/60.

EUR

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering sign of rate oversold, we can assume probability of rate return to close 1,3520/40 resistance 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 1,3460/80, 1,3400/20 and (or) further break-out variant up to 1,3340/60, 1,3280/1,3300, 1,3220/40. The alternative for buyers will be above 1,3600 with the targets of 1,3640/60, 1,3700/20.

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