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Main » Articles » Technical Analysis

Technical analysis for December 9, 2009

CHF

The pre-planned break-out variant for buyers has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked close parity of party activity gives grounds for supposition of probable rate range movement, however, with priority of bullish direction in planning trading operations for today. Hence and considering bearish direction of indicator chart, we can assume probability of rate return to close 1,0220/40 support 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 1,0280/1,0300, 1,0340/60 and (or) further break-out variant up to 1,0400/20, 1,0460/1,0500. The alternative for sales will be below 1,0160 with the targets of 1,0100/20, 1,0040/60.

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  GBP

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked parity of both party activity as a result of the previous trading day, gives grounds for supposition of probable rate range movement, but with priority of sales in planning trading operations for today. Therefore, at this point, considering bullish direction of indicator chart, we can assume probability of rate return to close 1,6300/40 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 1,6200/40 and (or) further break-out variant up to 1,6140/60, 1,6060/80, 1,5980/1,6020. The alternative for buyers will be above 1,6440 with the targets of 1,6480/1,6500, 1,6540/60, 1,6620/60.

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  JPY

Earlier opened and preserved long positions have not had any positive result in attainment of anticipated targets. OsMA trend indicator, having marked fall in both party activity does not clarify the choice of planning priorities for today. Hence, we can assume probability of reaching channel line 2 at 87,80/88,00 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 88,40/60, 89,00/20 and (or) further break-out variant up to 89,60/80, 90,20/40, 90,80/91,00. The alternative for sales will be below 87,60 with the targets of 87,00/20, 86,40/60, 85,80/86,00.

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  EUR

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked parity of both party activity in the bigger picture, gives grounds for supposition of probable rate range movement, however, with priority of planning sales for today. Hence and considering current indicator chart direction, we can assume reaching 1,4760/80 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 1,4700/20, 1,4640/60 1,4580/1,4600 and (or) further break-out variant up to 1,4520/40, 1,4460/80. The alternative for buyers will be above 1,4860 with the targets of 1,4900/20, 1,4960/80.

Category: Technical Analysis | Added by: forex-market (2009-12-09)
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