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Main » Articles » Technical Analysis

Technical analysis for December 18, 2009

CHF

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of minimal anticipated target. OsMA trend indicator, having marked relative rise of both party activity as the result of the previous trading day, does not clarify the choice of planning priorities for today. Nevertheless, considering break of channel line 1 with the result of minimal bearish party priority as a sign of bearish cycle incompleteness, we can assume probability of rate return to close 1,0420/30 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 short-term sales on condition of the formation of topping signals the targets will be 1,0380/90, 1,0320/40 and (or) further break-out variant up to 1,0260/80, 1,0200/20. The alternative for buyers will be above 1,0450 with the targets of 1,0480/1,0500, 1,0540/60.

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  GBP

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked break of key supports by relative rise in sales activity, gives grounds for priority of bullish direction in planning trading operations for today. Hence and considering current bullish cycle of OsMA trend indicator, we can assume we can assume probability of rate return to close 1,6220/40 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 sales on condition of the formation of topping signals the targets will be 1,6140/60, 1,6060/80 and (or) further break-out variant up to 1,6000/20, 1,5900/40, 1,5820/40. The alternative for buyers will be above 1,6320 with the targets of 1,6360/80, 1,6440/60, 1,6500/20.

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  JPY

The pre-planned log positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked low activity of parties, does not clarify the choice of planning priorities for today. Therefore, considering current minimal priority of sales activity, we can assume we can assume probability of rate return to close 89,00/20 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 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, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked relative rise of both party activity as the result of the previous trading day, considering the chosen strategy, does not clarify the choice of planning priorities for today. Nevertheless, considering preservation of bearish party priority, and taking into account sign of bullish activity incompleteness, we can assume probability of rate return to channel line 1 at 1,4420/40 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 1,4360/80, 1,4300/20 and (or) further break-out variant up to 1,4240/60, 1,4180/1,4200, 1,4100/40. The alternative for buyers will be above 1,4520 with the targets of 1,4560/80, 1,4620/40, 1,4700/40.

Category: Technical Analysis | Added by: forex-market (2009-12-18)
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