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Note: Presented technical analysis is a general market commentary. It has informative value only and cannot be treated as a guide to action. Any copying or reproducing of analytical materials found in this section without placing a direct hyperlink to www.morgan-manhattan.co.uk, and any use of this information for commercial purposes without preliminary agreement with Morgan-Manhattan & co Ltd. is prohibited.




Technical analysis for October 6 , 2009

  CHF

The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator having marked the tendency of bullish activity fall considering the chosen strategy gives grounds for sales priorities of planning of trading operations for today. On the assumption of it as well as considering current bearish activity cycle we can assume probability of rate return to close 1,0300/20 resistance 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 short-term sales on condition of the formation of topping signals the targets will be 1,0240/60, 1,0160/80 and (or) further break-out variant up to 1,0100/20, 1,0040/60, 0,9980/1,000. The alternative for buyers will be above 1,0400 with the targets of 1,0440/60, 1,0500/20.

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  GBP

The pre-planned long positions from key supports were implemented and the preservation of opened long positions is supported by current bullish cycle of OsMA trend indicator. On the assumption of it for opened buying positions the targets are 1,6000/20, 1,6060/80, 1,6120/40 and (or) further break-out variant up to 1,6180/1,6200, 1,6240/60, 1,6300/20. The alternative for sales will be below 1,5860 with the targets of 1,5800/20, 1,5740/60.

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  JPY

The pre-planned long positions from key supports were implemented but with loss in the achievement of estimated targets. OsMA trend indicator having marked the tendency of sales activity strengthening against the background of the preservation of bullish party priority does not clarify the choice of planning priorities for today. Therefore, considering the suppositions of rate range movement we can assume probability of the achievement of close 88,40/60 supports 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 short-term buying positions on condition of the formation of topping signals the targets will be 89,00/20, 89,60/80 and (or) further break-out variant up to 90,20/40, 90,80/91,00. The alternative for sales will be below 88,00 with the targets of 87,40/60, 86,80/87,00.

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  EUR

The pre-planned long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator having marked bullish activity priority gives grounds to suppose buyers direction priority of planning for today. Therefore, at the moment, considering current bullish cycle of indicator chart we can assume probability of rate return to close 1,4680/1,4700 supports 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,4740/60, 14800/20 and (or) further break-out variant up to 1,4900/20, 1,4960/80, 1,5000/20. The alternative variant for sales will be above 1,4600 with the targets of 1,4540/60, 1,4480/1,4500.

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OCTOBER    2009
MO 5121926 
TU 6132027 
WE 7142128 
Th18152229 
FR29162330 
 
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