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Main » Articles » Technical Analysis

Technical analysis for January 12, 2010

  CHF

The estimated test of key resistance range levels, however, progress of buying activity, marked by OsMA trend indicator in short term did not favor immediate implementation of the pre-planned long positions. Nevertheless, considering preservation of bearish party activity, the earlier designed trading plans remain unchanged for today. Namely, we can assume probability of rate return to channel line 1 at 1,0200/20, 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 sales, on condition of the formation of topping signals the targets will be 1,0140/60, 1,0080/1,0100 and (or) further break-out variant up to 1,0020/40, 0,9960/80, 0,9900/20. The alternative for buyers will be above 1,0260 with the targets of 1,0300/20, 1,0360/80.

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  GBP

The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of close parity of both party activity, as earlier suggests further rate range movement. Therefore, at this point, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 1,6060/80 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 buying positions on condition of the formation of topping signals the targets will be 1,6120/40, 1,6180/6200, 1,6240/60 and (or) further break-out variant up to 1,6300/20, 1,6360/80, 1,6400/20. The alternative for sales will be below 1,5980 with the targets of 1,5920/40, 1,5860/80.

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  JPY

The pre-planned short positions from key resistance range levels have been implemented with overlap of basic anticipated target. OsMA trend indicator, having marked fall in both party activity, does not clarify the choice of planning priorities for today. However, in the bigger picture, considering preservation of bearish trend signs, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 92,20/40, 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 91,60/80, 91,00/20 and (or) further break-out variant up to 90,20/40, 89,60/80. The alternative for buyers will be above 93,00 with the targets of 93,40/60, 94,00/20.

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  EUR

The estimated rate return to the key supports has been inplemented with condition for implementation of the pre-planned buying positions. At this point, considering preservation of bullish party priority and ascending indicator chart, the targets for open long positions remain levels of 1,4500/20, 1,4560/80 and (or) further break-out variant up to 1,46620/40, 1,4680/1,4700. The alternative for sales will be below 1,4370 with the targets of 1,4300/20, 1,4200/40.

Category: Technical Analysis | Added by: forex-market (2010-01-12)
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