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Main » Articles » Technical Analysis

Technical analysis for January 19, 2010

CHF

The estimated test of key supports has been confirmed, but the held rate positions below Senkou Span B line in Ichimoku indicator s a positive sign in implementation of the pre-planned buying positions. Therefore, considering supposition of probable rate range movement contained within the borders of Ichimoku cloud, we can assume probability of rate return to close supports at 1,0210/20, 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 buying positions on condition of the formation of topping signals the targets will be 1,0250/60, 1,0300/20 and (or) further break-out variant up to 1,0360/80, 1,0420/40, 1,0480/1,0500. The alternative for sales will be below 1,0180 with the targets of 1,0120/40.

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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 priority of bullish party development, regardless of sign of rate overbought, gives grounds for favoring bullish choice in planning trading operations for today. Hence and considering descending direction of indicator chart we can assume probability of rate return to channel line 1 at 1,6360/80 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 1,6420/40 and (or) further break-out variant up to 1,6480/1,6500, 1,6580/1,6620, 1,6660/1,6700. The alternative for sales will be below 1,6300 with the targets of 1,6240/60, 1,6160/80.

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  JPY

The estimated test of key resistance range levels for implementation of sales has not been confirmed, but low activity of both parties as the technical result of the previous trading day, gives grounds for preservation of earlier designed trading plans practically unchanged. Namely, expectations of rate return to close resistance levels of 90,60/80, 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 90,00/20 and (or) further break-out variant up to 89,40/60, 88,80/89,00. The alternative for buyers will be above 91,40 with the targets of 91,80/92,00, 92,40/60.

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  EUR

The estimated test of key resistance range levels has been confirmed with condition for implementation of the pre-planned short positions. OsMA trend indicator, having marked formation of bearish reversal sign supports holding of opened sales, however, does not rule out some time delay for anticipated rate decline with the targets of 1,4320/40 and (or) further break-out variant up to 1,4260/80, 1,4200/20. The alternative for buyers will be above 1,4460 with the targets of 1,4500/20, 1,4560/80.

Category: Technical Analysis | Added by: forex-market (2010-01-19)
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