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Main » Articles » Technical Analysis

Technical analysis for December 8, 2009

CHF

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by sign of rate overbought, gives grounds for supposition of probable relatively long period of rate correction, but with preservation of priority of bullish direction in planning trading operations for today. Therefore, at this point, we can assume probability of reaching close supports 1,0130/50, 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 1,0190/1,0210, 1,0240/60 and (or) further break-out variant up to 1,0300/20, 1,0360/1,0400. The alternative for sales will be below 1,0080 with the targets of 1,0020/40, 0,9960/80, 0,9900/20.

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  GBP

Earlier open and preserved short positions have had positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked formation of reversal bullish signal with further relative rise in buying activity, considering close parity of both party activity, gives grounds for supposition of probable rate range movement with no clear choice of planning priorities for today. Therefore, we can assume probability of another test of Senkou Span B line in Ichimoku indicator at 1,6480/1,6500, 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 1,6420/40, 1,6340/60, 1,6260/80 and (or) further break-out variant up to 1,6200/20, 1,6140/60. The alternative for buyers will be above 1,6600 with the targets of 1,6640/60, 1,6700/20, 1,6800/40.

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  JPY

The estimated test of key supports has been confirmed with condition for implementation of pre-planned buying positions. OsMA trend indicator, having marked reversal bullish signals, supports preservation of long positions with the targets of 89,40/60, 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 88,20 with the targets of 87,60/80, 87,00/20, 86,40/60.

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  EUR

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked the result of break of key supports by formation of reversal bullish signal, nevertheless, considering absence of affirmative level of bullish counteraction gives grounds for preservation of sales priority in planning trading operations for today. Hence and considering signs of rate correction incompleteness, we can assume probability of rate return to close 1,4880/1,4900 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 1,4820/40, 1,4740/60 and (or) further break-out variant up to 1,4680/1,4700, 1,4620/40. The alternative for buyers will be above 1,5000 with the targets of 1,5040/60, 1,5100/20, 1,5160/80.

Category: Technical Analysis | Added by: forex-market (2009-12-08)
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