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Main » Articles » Technical Analysis

Technical analysis for December 21, 2009

CHF

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement we can assume probability of rate return to close borders of Ichimoku cloud at 1,0380/1,0400 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 1,0440/60, 1,0500/20 and (or) further break-out variant up to 1,0540/60, 1,0600/20. The alternative for sales will be below 1,0340 with the targets of 1,0280/1,0300, 1,0240/60.

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  GBP

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement we can assume probability of rate return to close 1,6180/1,6200 support 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 1,6120/40, 1,6060/80, 1,6000/20 and (or) further break-out variant up to 1,5920/40, 1,5840/60, 1,5780/1,5800. The alternative for buyers will be above 1,6260 with the targets of 1,6300/20, 1,6380/1,6420.

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  JPY

The estimated test of key support levels for implementation of the pre-planned long positions has not been confirmed, but the assumed rate rise has revealed the tendency of strengthening of buying activity as grounds for bullish priority in planning trading operations for today. Therefore, at this point, considering current descending direction of indicator, we can assume probability of rate return to 90,00/20 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 90,60/80, 91,00/20 and (or) further break-out variant up to 91,60/80, 92,20/40. The alternative for sales will be below 89,20 with the targets of 88,60/80, 88,00/20.

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  EUR

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering ascending direction of indicator chart, we can assume probability of reaching channel line 1 at 1,4380/1,4400 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 1,4320/40, 1,4240/60 and (or) further break-out variant up to 1,4180/1,4200, 1,4120/40. The alternative for buyers will be above 1,4460 with the targets of 1,4500/20, 1,4580/1,4620.

Category: Technical Analysis | Added by: forex-market (2009-12-21)
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