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Main » Articles » Technical Analysis

Technical analysis for January 14, 2010

CHF

The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, as earlier gives grounds for supposition of further rate range movement with no clear signs of the choice of planning priorities for today. Hence, we can assume probability of another 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 estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, and the assumed rate rise has revealed a tendency of strengthening of buying activity as grounds suggesting priority of bullish direction in planning trading operations for today. Hence and considering descending direction of indicator, we can assume probability of rate return to close 1,6220/40 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 1,6280/1,6320 and (or) further break-out variant up to 1,6360/80, 1,6420/40, 1,6480/1,6500. The alternative for sales will be below 1,6160 with the targets of 1,6100/20, 1,6040/60.

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  JPY

The estimated test of key resistance range levels has been confirmed, however, relative rise in bullish activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. At this point, considering preservation of bullish sign of indicator chart we can assume probability of hitting Senkou Span B line in Ichimoku indicator at 92,00/20, 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 sales on condition of the formation of topping signals the targets will be 91,40/60, 90,80/91,00 and (or) further break-out variant up to 90,20/40. The alternative for buyers will be above 92,60 with the targets of 93,00/20, 93,60/80.

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  EUR

The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked priority of bullish activity as the result of the previous trading day, regardless of sign of rate overbought gives grounds for supposition of bullish choice in planning trading operations for today. Hence and considering the case of further rate range movement, we can assume probability of rate return to close 1,4460/80 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 1,4520/40, 1,4580/1,4620 and (or) further break-out variant up to1,4660/80, 1,4740/80. The alternative for sales will be below 1,4340 with the targets of 1,4280/1,4300, 1,4200/40.

Category: Technical Analysis | Added by: forex-market (2010-01-14)
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