Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (09.10.2008)

CHF

The pre-planned breakout variant for sells was realized with attainment of minimal assumed target. OsMA trend indicator, having marked low activity level of both parties does not provide definiteness in the choice of planning priorities for today. Hence considering the chosen strategy based on assumptions about the possible range rate movement we assume the possibility of close supports attainment contained by the bottom of Ichimoku cloud at 1/1200/20, where it is recommended to evaluate the 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 1.1260/80, 1.1320/40, 1.1380/1.1400 and/or further breakout variant up to 1.1460/80, 1.1500/20. An alternative for sells will be below 1.1140 with targets 1.1080/1.1100, 1.1020/40, 1.0980/1.1000.

GBP

The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked bearish activity advantage gives reasons for supporting sells planning priorities for today. At the moment considering the sign of local correction incompleteness we assume the possibility of pair return to close 1.7300/20 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.7220/40, 1.7160/80 and/or further breakout variant up to 1.7100/20, 1.7040/60, 1.6980/1.7000. An alternative for buyers will be above 1.7460 with targets 1.7500/20, 1.7580/1.7600, and 1.7660/80.

JPY

The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having formally marked relatively high activity level of both parties in close parities does not provide definiteness in the choice of planning priorities for today. Hence considering the direction of the general tendency and the sign of bullish development incompleteness we assume the possibility of short-term break of the channel signal “1” with attainment of 101.60/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 100.80/101.00, 100.20/40, 99.80/100.00 and/or further breakout variant up to 99.20/40, 98.60/80, 98.00/20. An alternative for buyers will be above 102.60 with targets 103.00/20, 103.60/80, 104.20/40.

EUR

The pre-planned breakout variant for buyers was realized with overlap of minimal assumed target. OsMA trend indicator, having marked the activity fall of both parties as before does not provide definiteness in the choice of planning priorities for today but gives reasons for the preservation of earlier drawn up trading plans practically unchanged. Hence, as before we assume the possibility of pair return to 1.3480/1.3500 supports, where it is recommended to evaluate the 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 1.3540/60, 1.3600/20, 1.3660/80 and/or further breakout variant up to 1.3720/40, 1.3780/1.3800. An alternative for sells will be below 1.3400 with targets 1.3340/60, 1.3260/80, 1.320/20.

Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (08.10.2008)

CHF

The earlier opened positions for sell resulted in attainment of minimal assumed targets. OsMA trend indicator, having marked relatively low activity level of both parties do not give definiteness in the choice of planning priorities for today but considering the chosen strategy and preservation of certain short-term bearish activity advantage we assume the possibility of attainment the upper boundary of Ichimoku cloud at 1.1300/20, where it is recommended to evaluate the 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 1,1360/80, 1,1420/40 and/or further breakout variant up to 1.1480/1.1500, 1.1540/60, 1.1600/20. An alternative for sells will be below 1.1260 with targets 1.1200/20, 1.1140/60, 1.1100/20.

GBP

The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the general activity parity of both parties gives reasons for assumptions of further range rate movement without definiteness in the choice of planning priorities for today. Hence we assume the possibility of pair return to 1.7380/1.7400 supports, where it is recommended to evaluate the 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 1.7460/80, 1.7550/70, 1.7640/60 and/or further breakout variant above 1.7700 with targets 1.7760/80, 1.7820/40. An alternative for sells will be below 1.7300 with targets 1.7240/60, 1.7160/80, 1.7080/1.7100.

JPY

The pre-planned breakout variant for sells was realized with attainment of assumed targets. OsMA trend indicator, having marked the current bearish activity rise gives reasons for supporting bearish planning priorities but with ill-founded assumptions on possible short-term rate return to 100.00/20 range, where it is recommended to evaluate the 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 99.20/40, 99.60/80, 99.00/20 and/or further breakout variant up to 98.40/60, 97.60/80, 96.80/97.00, 96.00/20. An alternative for buyers will be above 101.60 with targets 102.00/20, 102.40/60.

EUR

The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked relatively high bearish counteraction level continues supporting the version of rate correction incompleteness but with preservation of bearish priorities outside the boundaries of intraday planning. Hence, as before we assume the possibility of pair return to 1.3480/1.3500 supports, where it is recommended to evaluate the 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 1.3540/60, 1.3600/20, 1.3660/80 and/or further breakout variant up to 1.3720/40, 1.3780/1.3800. An alternative for sells will be below 1.3400 with targets 1.3340/60, 1.3260/80, 1.320/20.

Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (07.10.2008)

CHF

The presumed key resistance range test was confirmed and further development of the situation without “optimization” of protective buying variant with strengthening of pair overbought was the reason for realization of pre-planned sells positions. At the moment considering the current bearish cycle development for open sells as before targets will be 1.1340/60, 1.1280/1.1300 and/or further breakout variant up to 1.1210/30, 1.1140/60, 1.1100/20. An alternative for buyers will be above 1.1500 with targets 1.1540/60, 1.1600/20.

GBP

The pre-planned positions for sell from key resistance range were realized with overlap of assumed targets. OsMA trend indicator, having marked the results of relatively high bearish activity level and strengthening of bullish resistance level gives reasons for assumptions about further rate correction but with preservation of bearish planning priorities for today as well. Hence considering the current bearish development cycle we assume attainment of lower boundary of Ichimoku cloud at 1.7660/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.7580/1.7600, 1.7500/20, 1.7440/60 and/or further breakout variant up to 1.7380/1.7400, 1.7320/40, 1.7280/1.7300. An alternative for buyers will be above 1.7740 with targets 1.7780/1.7800, 1.7860/80, 1.7940/60, 1.8000/20.

JPY

The pre-planned breakout variant for sells was realized with attainment of assumed targets. OsMA trend indicator, having marked high activity level of both parties within boundaries of their parity do not give definiteness in choosing planning priorities for today. Nevertheless considering market trend direction in favor of bears and targeting at trade risks decreasing we assume the possibility of channel signal “2” attainment at 103.80/104.00, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 103.20/40, 102.40/60, 101.80/102.00 and/or further breakout variant up to 101.20/40, 100.60/80, 100.00/20.

EUR

The pre-planned breakout variant for sells was realized with overlap of minimal assumed target. OsMA trend indicator, having marked reversal bullish signal formation at the current week low with further relative bullish activity rise gives reasons for assumptions on the beginning of pair rate correction but with preservation of bearish planning priorities in the period over the day planning boundaries. Hence in short-term outlook we assume the possibility of pair return to 1.3480/1.3500 supports, where it is recommended to evaluate the 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 1.3540/60, 1.3600/20 and/or further breakout variant up to 1.3660/80, 1.3720/40. An alternative for sells will be below 1.3400 with targets 1.3340/60, 1.3260/80, 1.320/20.