Technical analysis for March 8, 2010

on March 07 2010 7:00 PM

CHF

The pre-planned break-out variant for buying positions has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked the top of the previous day by sign of rate overbought with further strengthening of sales activity, suggests preference of bearish direction positions in planning trading operations for today. Hence and considering current reversal on the chart, we can assume probability of rate return to close border of Ichimoku cloud at 1,0720/40, 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 1,0660/80, 1,0600/20 and (or) further break-out variant up to 1,0540/60, 1,0480/1,0500. The alternative for buyers will be above 1,0800 with the targets of 1,0840/60, 1,0900/20.

GBP

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked general priority of bullish activity at break of key resistance range levels, suggests preference of buying positions in planning trading operations for today. Hence and considering descending direction of indicator, we can assume probability of rate return to close border of Ichimoku cloud at 1,5100/20, 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 buying positions on condition of the formation of topping signals the targets will be 1,5160/80, 1,5220/40 and (or) further break-out variant up to 1,5280/1,5300, 1,5340/60, 1,5400/20. The alternative for sales will be below 1,4960 with the targets of 1,4900/20, 1,4840/60, 1,4780/1,4800.

JPY

The pre-planned break-out variant for buyers has been implemented with overlap of the anticipated targets. OsMA trend indicator, having marked high level of bullish activity, suggests preservation of buying priorities in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close 90,00/20 supports, , 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 90,60/80, 91,00/20 and (or) further break-out variant up to 91,60/80, 92,00/20. The alternative for sales will be below 89,30 with the targets of 88,90/89,00, 88,20/40.

EUR

The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of bullish reversal sign by strengthening of bullish party activity, suggests preference of buying positions in planning trading operations for today. Hence, we can assume probability of rate return to close border of Ichimoku cloud at 1,3630/50 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 buying positions on condition of the formation of topping signals the targets will be 1,3690/1,3710, 1,3750/70, 1,3800/20 and (or) further break-out variant up to 1,3860/80, 1,3920/40, 1,3980/1,4000. The alternative for sales will be below 1,3580 with the targets of 1,3520/40, 1,3460/80.

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