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Main » Articles » Technical Analysis

Technical analysis for December 3, 2009

CHF

The estimated test of key resistance range levels for implementation of the pre-planned short positions has been confirmed, but relative rise in bullish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned sales. Therefore, considering supposition of bullish activity incompleteness and taking into account further probable rate range movement, we can assume reaching border of Ichimoku cloud at 1,0040/60, 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 0,9980/1,000, 0,9900/20 and (or) further break-out variant up to 0,9840/60, 0,9720/60. The alternative for buyers will be above 1,0100 with the targets of 1,0140/60, 1,0200/20, 1,0260/80.

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  GBP

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked sign of rate overbought with no clear further sales activity, gives grounds for preservation of bullish priority in planning trading operations for today. Therefore, considering continuing tendency of fall in both party activity, we can assume probability of rate return to close 1,6620/40 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 1,6680/1,6700, 1,6740/60 and (or) further break-out variant up to 1,6800/20, 1,6860/80. The alternative for sales will be below 1,6500 with the targets of 1,6440/60, 1,6380/1,6400, 1,6300/40.

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  JPY

The pre-planned break-out variant for buyers has been implemented and, regardless of sign of rate overbought combined with absence of clear bearish counteraction, there are some grounds favoring preservation of open long positions. At this point, considering descending direction of indicator chart, in short-term outlook, we can assume probability of rate return to close 87,40/60, 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 88,00/20, 88,40/60 and (or) further break-out variant up to 89,00/20, 89,60/80. The alternative for sales will be below 86,60 with the targets of 86,00/20, 85,40/60, 84,80/85,00.

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  EUR

The estimated test of key supports has been confirmed, but short-term tendency of sales activity strengthening, marked by OsMA trend indicator, did not appear to be a positive sign in implementation of the pre-planned buying positions. Therefore, considering absence of signs clarifying the choice of planning priorities for today in the bigger picture and considering supposition of rate decline incompleteness, we can assume probability of rate return to 1,5000/20 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 1,5060/80, 1,5140/60 and (or) further break-out variant up to 1,5200/20, 1,5260/80, 1,5400/40. The alternative for sales will be below 1,4960 with the targets of 1,4900/20, 1,4840/60.

Category: Technical Analysis | Added by: forex-market (2009-12-03)
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