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Main » Articles » Technical Analysis

Technical analysis for December 23, 2009

CHF

The estimated test of key supports for implementation of the pre-planned long positions has not accurately been confirmed, and the result of the previous trading day through fall in activity of both parties gives grounds for petty correction in planning trading operations for today. Namely, we can assume probability of another test of channel line 2 at 1,0460/70 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 1,0500/10 and (or) further break-out variant up to 1,0560/80, 1,0620/40, 1,0680/1,0700. The alternative for sales will be below 1,0380 with the targets of 1,0320/40, 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 preservation of fall in both party activity, as earlier, suggests petty correction in planning trading operations for today. Namely, we can assume probability of rate return to close 1,5980/1,6000 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 1,5920/40, 1,5880/1,5900 and (or) further break-out variant up to 1,5820/40, 1,5700/40. The alternative for buyers will be above 1,6040 with the targets of 1,6080/1,6100, 1,6140/60, 1,6200/20.

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  JPY

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 strengthening of rate overbought, has revealed inessential strengthening of bearish counteraction, which at this point gives grounds for supposition of further rate range movement, however with preservation of bullish direction choice in planning trading operations for today. Therefore, we can assume probability of rate return to close 91,20/40 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 91,80/92,00, 92,40/60 and (or) further break-out variant up to 93,00/20, 93,60/80. The alternative for sales will be below 90,80 with the targets of 90,20/40, 89,60/80.

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  EUR

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked preservation of fall in both party activity, as earlier, suggests petty correction in planning trading operations for today. Therefore, we can assume probability of another rate return to channel line 1 at 1,4270/90 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 1,4200/20 and (or) further break-out variant up to 1,4140/60, 1,4080/1,4100. The alternative for buyers will be above 1,4420 with the targets of 1,4460/80, 1,4520/40, 1,4580/1,4620.

Category: Technical Analysis | Added by: forex-market (2009-12-23)
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