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Main » Articles » Technical Analysis

Technical analysis for December 16, 2009

CHF

The pre-planned break-out variant for buyers has been implemented, and attainment of anticipated targets, in spite of sign of rate overbought, is supported by preservation of relatively high level of bullish activity, as it is marked by OsMA trend indicator. At this point, considering bearish sign of indicator chart we can assume probability of rate return to close 1,0380/90 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 1,0420/40 and (or) further break-out variant up to 1,0480/1,0500, 1,0540/60, 1,0600/20. The alternative for sales will be below 1,0340 with the targets of 1,0280/1,0300, 1,0220/40.

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  GBP

The pre-planned long positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of parity of both party activity, as earlier, does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement, as earlier, we can assume probability of rate return to close 1,6200/20 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 1,6260/80, 1,6340/60, 1,6400/40 and (or) further break-out variant up to 1,6480/1,6500, 1,6540/60, 1,6600/20. The alternative for sales will be below 1,6160 with the targets of 1,6100/20, 1,6040/60, 1,5980/1,6000.

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  JPY

The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked break of key resistance range levels by relative rise in buying activity, gives grounds for choosing bullish direction in planning trading operations for today. Therefore, at this point, considering bearish sign of indicator chart, we can assume probability of rate return to close borders of Ichimoku cloud at 89,00/20 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 89,60/80, 90,20/40, 90,80/91,00 and (or) further break-out variant up to 91,40/60, 92,00/20. The alternative for sales will be below 88,60 with the targets of 88,00/20, 87,40/60.

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  EUR

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity with preservation of bearish party priority, gives grounds for preservation of choosing sales in planning trading operations for today. Hence and considering bullish sign of indicator chart we can assume probability of rate return to channel line 1 at 1,4560/80 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 1,4500/20 and (or) further break-out variant up to 1,4440/60, 1,4360/80, 1,4260/1,4300. The alternative for buyers will be above 1,4700 with the targets of 1,4740/60, 1,4800/20.

Category: Technical Analysis | Added by: forex-market (2009-12-16)
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