Technical Analysis

The pre-planned break-out variant for sales has not been implemented and at the moment considering current bearish activity cycle with a sign of its relative growth it is recommended to keep sales priorities with the targets of 93,00/20

The estimated test of key resistance range levels for the implementation of pre-planned short positions has not exactly been confirmed and activity fall of both parties marked by OsMA

The estimated test of key resistance range levels for the implementation of pre-planned short-positions has not been confirmed but low activity of both parties marked during the previous day

Investors are shrugging off the rise in weekly Unemployment Claims and are more encouraged by this week’s outperformance in manufacturing data.

iFOREX.bg - Daily Forecast 21 August 2009

Rupee :Rupee is holding above 48.70 levels and clearly under the bearish territory above that. The medium term rupee has turned bearish followed by the bearish move seen in stocks. We are targeting 49.20 and higher medium term. Buy dollars on dips remains the strategy. Slight bearish. (USD/INR : 48.78).

AUDUSD still trying to break a resistance line

EURUSD still stays positive, at the moment it is creating a box which is between support at 1.4219 and resistance at 1.4262.