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FEUA

Master Trader
May 12, 2009
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forexltd.co.uk
Hallo!
We always glad to provide you with our analyses that will help you to understand the situation on the market of foreign currencies!
USD/CHF
The pre-planned break-out variant for buyers has been implemented with loss of several points in the achievement of minimal anticipated target. OsMA trend indicator, having marked current week top by sign of rate overbought against the background of unconvincing bearish activity level gives grounds to suppose further rate correction period with preservation of bullish direction priority for planning of trading operations for today. On the assumption of it we can assume probability of rate return to close supports at 1,0800/20 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for buying positions, on condition of the formation of topping signals the targets will be 1,0860/80, 1,0920/40 and (or) further break-out variant up to 1,0980/1,1000, 1,1060/80. The alternative for sales for sales will be below 1,0700 with the targets of 1,0620/40, 1,0560/80.
EUR/USD
The pre-planned break-out variant for sales has been implemented with loss of several points in the achievement of minimal estimated target. OsMA trend indicator, having marked current week Low by formation of reversal bullish signal, nevertheless, did not mark convincing bullish activity level as the argument in favor to change of planning priorities chosen before. Therefore, considering suppositions of further rate correction period we can assume probability of rate return channel line «1» at 1,4180/1,4200 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for sales, on condition of formation of topping signals the targets will be 1,4120/40, 1,4060/80 and (or) further break-out variant up to 1,4000/20, 1,3920/40, 1,3840/60. The alternative variant for buyers will be above 1,4300 with the targets of 1,4360/80, 1,4420/40.
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