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Main » Articles » Technical Analysis

Technical analysis for December 10, 2009

CHF

The pre-planned long positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity as a result of the previous trading day, does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement, as earlier, we can assume probability of rate return to close 1,0220/40 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,0280/1,0300, 1,0340/60 and (or) further break-out variant up to 1,0400/20, 1,0460/1,0500. The alternative for sales will be below 1,0160 with the targets of 1,0100/20, 1,0040/60.

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  GBP

The pre-planned short positions from key resistance range levels have been implemented with overlap of basic anticipated target. OsMA trend indicator, having marked fall in both party activity, does not clarify the choice of planning priorities for today. Therefore, as earlier, considering supposition of further rate range movement, we can assume probability of rate return to channel line 2 at 1,6300/40 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 sales on condition of the formation of topping signals the targets will be 1,6200/40, 1,6140/60 and (or) further break-out variant up to 1,6060/80, 1,5980/1,6020. The alternative for buyers will be above 1,6440 with the targets of 1,6480/1,6500, 1,6540/60, 1,6620/60.

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  JPY

The pre-planned break-out variant for sales has been implemented, but with loss in attainment of anticipated targets. OsMA trend indicator, having marked break of key supports by sign of rate overbought, dampens bearish case of further rate fall. Nevertheless, considering a chosen strategy and relative rise of bullish party activity, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 88,40/60 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 87,80/88,00, 87,20/40 and (or) further break-out variant up to 86,60/80, 86,00/20. The alternative for buyers will be above 89,00 with the targets of 89,40/60, 90,00/20, 90,60/80.

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  EUR

The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preservation of close parity of both party activity, gives grounds for supposition of further rate range movement with no affirmative choice of priorities in planning trading operations for today. Therefore, as earlier we can assume probability of rate return to 1,4760/80 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 1,4700/20, 1,4640/60 1,4580/1,4600 and (or) further break-out variant up to 1,4520/40, 1,4460/80. The alternative for buyers will be above 1,4860 with the targets of 1,4900/20, 1,4960/80.

Category: Technical Analysis | Added by: forex-market (2009-12-10)
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