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Main » Articles » Technical Analysis

Technical analysis for December 7, 2009

CHF

The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked essential rise in bullish activity at break of key resistance level, gives grounds favoring bullish direction in planning trading operations for today. Therefore, at this point, we can assume probability of rate return to close 1,0090/1,0110 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 buying positions on condition of the formation of topping signals the targets will be 1,0160/80, 1,0200/20 and (or) further break-out variant up to 1,0260/80, 1,0320/40. The alternative for sales will be below 1,0040 with the targets of 0,9980/1,0000, 0,9920/40.

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  GBP

The pre-planned break-out variant for sales has been implemented, and attainment of anticipated target is supported by relative rise in sales activity, marked by OsMA trend indicator at break of key supports. Therefore, as earlier, the targets for open sales remain at 1,6380/1,6400, 1,6320/40, 1,6260/80. The alternative for buyers will be above 1,6640 with the targets of 1,6680/1,6700, 1,6740/60, 1,6800/40.

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  JPY

The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked essential rise in buying activity, gives grounds for preservation of bullish direction priority in planning trading operations for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 89,30/50 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 buying positions on condition of the formation of topping signals the targets will be 90,00/20, 90,60/80 and (or) further break-out variant up to 91,20/40, 91,80/92,20. The alternative for sales will be below 88,80 with the targets of 88,20/40, 87,60/80.

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  EUR

The pre-planned break-out variant for sales has been implemented with overlap of anticipated targets. OsMA trend indicator, having marked essential rise in sales activity at break of key supports, gives grounds favoring priority of bearish direction in planning trading operations for today. Therefore, considering ascending direction of indicator chart, we can assume probability of reaching channel line 2 at 1,4940/60 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 sales, on condition of the formation of topping signals the targets will be 1,4740/60, 1,4680/1,4700, 1,4620/40. The alternative for buyers will be above 1,5010 with the targets of 1,5060/80, 1,5120/40.

Category: Technical Analysis | Added by: forex-market (2009-12-07)
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