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Main » Articles » Technical Analysis

Technical analysis for December 22, 2009

CHF

The pre-planned long positions from key supports have been implemented with overlap in minimal anticipated target. OsMA trend indicator, having failed to mark priority of any party activity gives grounds for preservation of the earlier designed trading plans with petty correction for today. Namely, we can assume probability of rate return to close 1,0420/40 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 1,0480/1,0520 and (or) further break-out variant up to 1,0560/80, 1,040/60, 1,0700/20. The alternative for sales will be below 1,0360 with the targets of 1,0300/20, 1,0240/60.

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  GBP

The estimated test of key resistance range levels for implementation of the pre-planned short positions has not accurately been confirmed, however, the revealed tendency of fall in both party activity, as earlier does not clarify the choice of planning priorities for today. Therefore, considering current ascending direction of indicator chart, we can assume probability of rate return to close 1,6080/6100 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 1,6000/40 and (or) further break-out variant up to 1,5940/60, 1,5820/40, 1,5760/80. . The alternative for buyers will be above 1,6170 with the targets of 1,6220/40, 1,6280/1,6300, 1,6360/80.

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  JPY

The estimated test of key supports for implementation f the pre-planned long positions has not accurately been confirmed, however, preservation of bullish party priority regardless of rate overbought, as earlier, gives grounds for preservation of bullish priorities in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close 90,80/91,00 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 91,40/60 and (or) further break-out variant up to 92,00/20, 92,60/80. The alternative for sales will be below 90,20 with the targets of 89,60/80, 89,00/20.

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  EUR

The estimated test of key resistance range levels for implementation of the pre-planned short positions has not accurately been confirmed, and continuous fall in both party activity as the result of the previous trading day gives grounds only for petty correction to the earlier designed trading plans for today. Namely, we can assume probability of rate return to channel line 1 at 1,4320/40 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 1,4260/80, 1,4200/20 and (or) further break-out variant up to 1,4140/60, 1,4080/1,4100. The alternative for buyers will be above 1,4440 with the targets of 1,4480/1,4500, 1,4560/80.

Category: Technical Analysis | Added by: forex-market (2009-12-22)
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