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Main » Articles » Currency trading

Technical analysis for May 08, 2009

  CHF

The pre-planned short positions from key resistance range levels have been implemented with the achievement of main anticipated target. OsMA trend indicator marks relative rise of bearish activity and the lack of sustained bull’s resistance gives grounds to choose bearish planning priorities for today. On the assumption of it we can assume probability of rate’s resumption to close 1,1300/20 resistance levels, where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for the sales, on condition of the formation of topping signals, the targets will be 1,1240/60, 1,1160/80 and (or) further break-out variant up to 1,1100/20, 1,1040/60, 1,0960/80. The alternative for buyers will be above 1,1360 with the targets of 1,1400/20, 1,1480/1,1500, 1,1560/80

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  GBP

The pre-planned break-out variant for sales has been implemented damaging to several points in the achievement of minimal anticipated target. OsMA trend indicator marks relative growth of bearish activity at the break of key supports gives grounds to suppose bearish planning priorities for today’s trading operations. On the assumption of it as well as considering current bullish cycle of indicator chart we can assume probability of rate resumption to close 1,5040/60 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for the short-term sales on condition of the formation of topping signals the targets will be 1,4960/80, 1,4880/1,4900 and (or) further break-out variant up to 1,4820/40, 1,4760/80, 1,4700/20. The alternative for sales will be below 1, 5120 with the targets of 1,5160/80, 1,5240/60, 1,5300/40.

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  JPY

The pre-planned break-out variant for buyers has been implemented without the attainment of predicted level within limits of the last trading day. OsMA trend indicator marks tendency of buyers’ activity strengthening and gives grounds for preservation of long positions opened before and bullish direction priority for planning of trading operations for today. On the assumption of it as well as the current bearish cycle of indicator chart we can assume probability of rate resumption to close 98,80/99,00 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for the short-term long positions on condition of the formation of topping signals the targets will be 99,40/60 and (or) further break-out variant up to 100,00/20, 100,60/80, 101,20/40.The alternative for sales will be below 98,40 with the targets of 97,80/98,00, 97,20/40.

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  EUR

The pre-planned break-out variant for buyers has been implemented without the attainment of anticipated targets within limits of the last trading day. OsMA trend indicator marks bull’s activity rise at the break of key resistance range levels and gives grounds for preservation of long positions opened before with corresponding planning priorities for today. On the assumption of it as well as of preservation of bearish sign of indicatior chart we can assume probability of rate resumption to the upper border of Ichimoku cloud at 1,3330/50 levels where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for buying positions on condition of the formation of topping signals the targets will be 1,3390/1,3410, 1,3480/1,3500 and (or) further break-out variant up to 1,3560/80, 1,3640/60, 1,3700/20. The alternative for sales will be below 1,3280 with the targets of 1,3220/40, 1,3160/80, 1,3100/20.


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Category: Currency trading | Added by: forex-market (2009-05-08)
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