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Main » Articles » Technical Analysis

Technical analysis for December 4, 2009

CHF

The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, however, preservation of parity of both party activity, marked by OsMA trend indicator, gives grounds favoring preservation of earlier designed trading plans for today. Namely, we can assume probability of reaching borders 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 estimated test of key supports has been confirmed, but short-term relative rise in sales activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned buying positions. Therefore, at this point, considering sign of bearish development incompleteness and preservation of bullish direction priority, we can assume probability of reaching borders of Ichimoku cloud at 1,6500/20, 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 1,6560/80, 1,6640/60, 1,6700/40 and (or) further break-out variant up to 1,6800/20, 1,6860/1,6900. The alternative for sales will be below 1,6440 with the targets of 1,6380/1,6400, 1,6320/40, 1,6260/80.

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  JPY

The estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, however, after test of channel line 2 combined with preservation of bullish direction priority, there are grounds favoring rate return to close 87,80/88,00, 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 88,40/60 and (or) further break-out variant up to 89,00/20, 89,60/80, 90,00/20. The alternative for sales will be below 87,40 with the targets of 86,80/87,00, 86,20/40, 85,80/86,00.

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  EUR

The estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, however, preservation of technical picture practically unchanged, gives grounds for preservation of earlier designed trading plans for today. Namely, we can assume probability of rate return to close 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 1,4900/20, 1,4840/60.

Category: Technical Analysis | Added by: forex-market (2009-12-04)
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