Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (22.10.2008)

CHF

The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked high bullish activity level at the break of channel signal “1” gives reasons for the preservation of bullish planning priorities for today as well. At the moment considering the sign of pair overbought and certain bearish activity strengthening we assume the possibility of rate return to channel line “1” at 1.1540/60, 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 1.1600/20, 1.1660/80, 1.1700/20 and/or further breakout variant up to 1.1760/80, 1.1840/60, 1.1900/20. An alternative for sells will be below 1.1480 with targets 1.1420/40, 1.1360/80, 1.1300/20.

GBP

The pre-planned breakout variant for sells was realized with overlap of assumed targets. OsMA trend indicator, having marked high bearish activity level continues supporting sells planning priority for today as well. At the moment considering the current period of bearish activity continuation at relatively high level we assume the possibility of slight rate correction with return to close 1.6360/80 resistance levels, 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 1.6300/20, 1.6240/60, 1.6160/80, 1.6100/20 and/or further breakout variant up to 1.6020/40, 1.5940/60, 1.5860/80, 1.5780/1.5800. An alternative for buyers will be above 1.6600 with targets 1.6660/80, 1.6740/60, 1.6820/40.

JPY

The pre-planned breakout variant for sells was realized with attainment of assumed targets. OsMA trend indicator, having marked general bearish advantage preservation gives reasons for the preservation of corresponding planning priorities for today as well. At the moment considering signs of pair oversold we assume the possibility of rate return to close 100.20/40 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 99.60/80 99.00/20, 98.60/80 and/or further breakout variant up to 98.00/20, 97.40/60.

EUR

The pre-planned breakout variant for sells was realized with overlap of assumed targets. OsMA trend indicator, having marked high bearish activity level continues supporting sells planning priorities. At the moment considering signs of pair oversold we assume the possibility of rate return to close 1.2940/60 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 1.2850/70, 1.2740/60, 1.2680/1.2700 and/or further breakout variant up to 1.2600/20, 1.2520/40, 1.2460/80. An alternative for buyers will be above 1.3120 with targets 1.3160/80, 1.3220/40, 1.3280/1.3300.

Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (21.10.2008)

CHF

The pre-planned breakout variant for buyers was realized with attainment of basic assumed targets. OsMA trend indicator, having marked attainment of channel signal “2” by buying activity essential rise gives reasons for planning priority in buying direction but after rate correction period with key supports at 1.1460/80, where it is recommended to evaluate the 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 1.1520/40 and/or further breakout variant up to 1.1580/1.1600, 1.1620/40. An alternative for sells will be below 1.1380 with targets 1.1320/40, 1.1260/80, 1.1200/20.

GBP

The assumed key supports test was confirmed but displayed by OsMA indicator essential bearish activity rise at the break of Ichimoku cloud bottom was not favorable for immediate realization of the pre-planned buying positions. Hence considering the chosen strategy based in the current situation on bearish planning priority we assume the possibility of further Ichimoku cloud bottom test at 1.7200/20, 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 1.7120/40, 1.7060/80 and/or further breakout variant up to 1.7000/20, 1.6920/40, 1.6860/80, 1.6800/20. An alternative for buyers will be above 1.7340 with targets 1.7380/1.7400, 1.7460/80, 1.7540/60, 1.7600/20.

JPY

The presumed test of channel signal “2” was not confirmed but further situation development together with the pre-planned and not realized sells did not display confidence of bearish development reaction to the signs of pair overbought while testing mentioned signals. Hence considering the general situation of low activity preservation of both parties the earlier drawn up trading plans remain practically unchanged. We assume the possibility of channel “2” attainment at 102.40/50, 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 102.00/10, 101.40/60, 100.80/101.00 and/or further breakout variant below 100.40 with targets 99.80/100.00, 99.20/40. An alternative for buyers will be above 103.20 with targets 103.60/80, 104.40/60, 105.20/40.

EUR

The pre-planned positions for sell were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the essential bearish activity rise gives reasons for the corresponding to sells planning priorities choice for today as well. Hence and considering the ascending direction of indicator chart we assume the possibility of pair return to 1.3380/1.3400 resistance 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 1.3320/40, 1.3260/80 and/or further breakout variant below 1.3240 with targets 1.3180/1.3200, 1.3120/40, 1.3060/80. An alternative for buyers will be above 1.3520 with targets 1.3560/80, 1.3620/40, 1.3680/1.3700, 1.3760/80.

Technical analysis: EUR/USD, USD/CHF, GBP/USD, USD/JPY (20.10.2008)

CHF

The pre-planned buying positions from key supports were realized with attainment of minimal assumed target. OsMA trend indicator, having marked low activity level of both parties does not give 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 another channel support “2” test at 1.1290/1.1310, 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 1.1350/70, 1.1400/20 and/or further breakout variant up to 1.1460/80, 1.1520/40, 1.1580/1.1600. An alternative for sells will be below 1.1260 with targets 1.1200/20, 1.1140/60, 1.1080/1.1100.

GBP

The pre-planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked relatively low activity level of both parties gives reasons for assumptions about the possible range rate movement within boundaries of Ichimoku cloud without definiteness in the choice of planning priorities for today. Hence considering the sign of pair overbought we assume the possibility of pair return to 1.7220/40, 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 1.3280/1.7300, 1.7360/80, 1.7420/40 and/or further breakout variant up to 1.7480/1.7500, 1.7560/80, 1.7620/40. An alternative for sells will be below 1.7100 with targets 1.7020/40, 1.6940/60, 1.6880/1.6900, 1.6820/40.

JPY

The pre-planned buying positions from key supports were realized with attainment of minimal assumed target. OsMA trend indicator, having marked the tendency of activity decrease of both parties does not provide definiteness in the choice of planning priorities for today. Hence considering the chosen strategy based on assumptions about range rate movement we assume the possibility of channel signal “2” attainment at 102.60/80, 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 102.00/20, 101.40/60, 100.80/101.00 and/or further breakout variant below 100.40 with targets 99.80/100.00, 99.20/40. An alternative for sells will be above 103.60 with targets 104.00/20, 104.80/105.00, 105.40/60.

EUR

The assumed pair return to key supports was confirmed but short-term protective level breakout was not favorable for sustained realization of the pre-planned buying positions. At the moment with activity level of both parties decrease we presume the possibility of range rate movement without definiteness in the choice of planning priorities for today. Hence considering the ascending direction of indicator chart we assume the possibility of close resistance levels attainment limited by the bottom of Ichimoku cloud at 1.3500/20, 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 1.3440/60, 1.3360/80 and/or further breakout variant below 1.3340 with targets 1.3280/1.3300, 1.3220/40. An alternative for buyers will be above 1.3560 with targets 1.3600/20, 1.3660/80, 1.3720/40, 1.3780/1.3800.