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Main » Articles » Technical Analysis

Technical analysis for January 15, 2010

CHF

The estimated test of key resistance range levels has been confirmed with signs of conditions for implementation of the pre-planned short positions. Nevertheless, at this point, considering some preservation of bullish momentum, we can assume probability of further rate correction period with another test of Senkou Span B line of Ichimoku cloud at 1,0240/60, 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 1,0180/1,0200 and (or) further break-out variant up to 1,0120/40, 1,0060/80, 1,0000/20. The alternative for buyers will be above 1,0300 with the targets of 1,0340/60, 1,0400/20.

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  GBP

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of several points in attainment of minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties does not clarify the choice of planning priorities for today. Therefore, considering situation as favoring continuing strengthening of bullish activity, however, with risk of sharp reversal, we can assume probability of rate return to close 1,6290/1,6310 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 1,6350/70, 1,6400/20 and (or) further break-out variant up to 1,6480/1,6520, 1,6560/1,6600. The alternative for sales will be below 1,6240 with the targets of 1,6180/1,6200, 1,6100/40, 1,6040/60.

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  JPY

The estimated test of key resistance range levels has not accurately been confirmed, but the assumed rate decline has revealed clear signs of favoring bearish priorities in planning for today. Therefore, at this point, we can assume probability of rate return to close border of Ichimoku cloud at 91,30/40, 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 sales, on condition of the formation of topping signals the targets will be 90,60/80, 90,00/20 and (or) further break-out variant up to 89,40/60, 88,80/89,00. The alternative for buyers will be above 92,30 with the targets of 92,70/90, 93,40/60.

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  EUR

The estimated test of key supports has been confirmed, however, strengthening of bearish activity, marked by OsMA trend indicator, has not been considered as a positive sign for implementation of the pre-planned buying positions. Therefore, at this point, considering no clear signs regarding choice of planning priorities, we can assume probability of rate return to close 1,4460/80 resistance 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 1,4400/20, 1,4340/60 and (or) further break-out variant up to 1,4280/1,4300, 1,4200/40. The alternative for buyers will be above 1,4520 with the targets of 1,4560/80, 1,4620/40, 1,4680/1,4700.

Category: Technical Analysis | Added by: forex-market (2010-01-15)
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