Monday, 2024-12-30, 7:27 PM
Forex-market
Welcome Guest | RSS
Site menu
Catalog categories
Brokers [2]
Software [14]
Forex for Beginners [86]
Trading Strategy [55]
Trading Systems [10]
Forex Psychology [15]
Forex Signals [11]
Currency trading [50]
Forecast [39]
Funny Forex [2]
Technical Analysis [84]
Other [5]
Forex Technical and Fundamental Forecasts for October 2009 [7]
Forex Technical and Fundamental Forecasts for November 2009 [2]
Scandi daily [20]
FOREX FORECAST 2010 [6]
Main » Articles » Technical Analysis

Technical analysis for January 20, 2010

CHF

The pre-planned break-out variant for buyers has been implemented with overlap of minmal anticipated target. OsMA trend indicator, having marked significant rise of bullish activity, gives grounds for priority of bullish choice in planning trading operations for today. Hence and considering current sigh of rate overbought, we can assume probability of rate return to close 1,0340/60 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 1,0400/20 and (or) further break-out variant up to 1,0400/80, 1,0520/40. The alternative for sales will be below 1,0280 with the targets of 1,0220/40.

Save Template

  GBP

The pre-planned break-out variant for sales has been implemented, preserved descending direction of indicator chart with minimal priority of bearish activity, gives grounds for holding of earlier opened sales with the targets of 1,6240/60, 1,6180/1,6200 and (or) further break-out variant up to 1,6120/40, 1,6040/60. The alternative for buyers will be above 1,6440/60, 1,6500/20, 1,6580/1,6600.

Save Template

  JPY

The estimated test of key resistance range levels has been confirmed, however, strengthening of buying activity, marked by OsMA trend indicator, has not been positive for immediate implementation of the pre-planned short positions. Therefore, at this point, considering situation as favoring incompleteness of bullish development, but with priority of planning sales, we can assume reaching Senkou Span B line in Ichimoku indicator at 91,40/60 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 90,80/91,00, 90,20/40 and (or) further break-out variant up to 89,60/80, 89,00/20, 88,40/60. The alternative for buyers will be above 92,00 with the targets of 92,40/60, 93,00/20.

Save Template

  EUR

Earlier opened and held short positions have had a positive result of overlap of the anticipated targets. OsMA trend indicator, having marked priority of bearish activity development, regardless of signs of rate overbought, gives grounds for choosing planning sales for today. Hence, we can assume probability of rate return to close resistance levels at 1,4220/40, 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 1,4160/80 and (or) further break-out variant up to 1,4100/20, 1,4000/40. The alternative for buyers will be above 1,4320 with the targets of 1,4360/80, 1,4420/40.




Category: Technical Analysis | Added by: forex-market (2010-01-20)
Views: 582
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
FOREX SEARCH
Custom Search
Login form
Search
Site friends
Statistics
Copyright MyCorp © 2024