Friday, 2024-04-19, 9:18 AM
Forex-market
Welcome Guest | RSS
Site menu
Catalog categories
Brokers [2]
Software [14]
Forex for Beginners [86]
Trading Strategy [55]
Trading Systems [10]
Forex Psychology [15]
Forex Signals [11]
Currency trading [50]
Forecast [39]
Funny Forex [2]
Technical Analysis [84]
Other [5]
Forex Technical and Fundamental Forecasts for October 2009 [7]
Forex Technical and Fundamental Forecasts for November 2009 [2]
Scandi daily [20]
FOREX FORECAST 2010 [6]
Main » Articles » Currency trading

Technical analysis for July 9, 2009

CHF

The estimated test of key supports for implementation of pre-planned long positions has not been confirmed, but assumed rate rise has not shown essential signs favoring bullish development. At this point, considering topping bearish moment that is formed according to OsMA trend indicator, and considering relative sales activity rise, we can assume probability of rate fall within the borders of Ichimoku to Senkou Span B line contained in 1,0830/40 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,0880/90, 1,0940/60 and (or) further break-out variant up to 1,1000/20, 1,1060/80, 1,1140/60. The alternative for sales will be below 1,0780 with the targets of 1,0720/40, 1,0660/80, 1,0580/1,0620.

Save Template

  GBP

The pre-planned break-out variant for sales has been implemented but with damage to several points in achievement of minimal anticipated target. OsMA trend indicator, having marked this week`s Low by formation of bullish topping signal, gives grounds to assume further rate correction period with attainment of close Ichimoku cloud borders contained in 1,6180/1,6220 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 short-term sales on condition of the formation of topping signals the targets will be 1,6100/20, 1,6020/40, 1,5960/80 and (or) further break-out variant up to 1,5880/1,5900, 1,5800/20, 1,5700/20. The alternative for buyers will be above 1,6300 with the targets of 1,6360/80, 1,6440/60, 1,6500/20.

Save Template

  JPY

The pre-planned break-out variant for sales has been implemented with achievement of anticipated targets. OsMA trend indicator, having marked essential bearish activity rise at the break of key supports, gives grounds in favor of bearish priority for planning of trading operations for today. Nevertheless, we can assume probability of test of Kijun line in Ichimoku indicator contained in 93,60/80 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 short-term sales, on condition of the formation of topping signals the targets will be 93,00/20, 92,20/40, 91,60/80 and (or) further break-out variant up to 91,00/20, 90,40/60, 89,80/90,00. The alternative for buyers will be above 95,20 with the targets of 95,60/80, 96,20/40.

Save Template

  EUR

The pre-planned break-out variant for sales has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked this week`s Low by formation of bullish topping signal with further relative rise of buying activity without signs of choice for planning priorities, gives grounds favoring further rate correction period within the case of downside channel with continuing trend for further rate decline. Hence, we can assume probability of rate return to close 1,3930/50 resistance range 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 short-term sales on condition of the formation of topping signals the targets will be 1,3860/80, 1,3820/30 and (or) further break-out variant up to 1,3760/80, 1,3700/20, 1,3640/60. The alternative for buyers will be above 1,4000 with the targets of 1,4040/60, 1,4100/20.

Category: Currency trading | Added by: forex-market (2009-07-09)
Views: 410
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
FOREX SEARCH
Custom Search
Login form
Search
Site friends
Statistics
Copyright MyCorp © 2024