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Main » Articles » Technical Analysis

Technical analysis for January 21, 2010

CHF

The pre-planned break-out variant for buyers has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked sign of rate overbought with further relative rise of sales activity, gives grounds for supposition of probable rate correction period, however, with preservation of bullish priorities for today. Hence, we can assume probability of rate return to close 1,0400/20 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 1,0460/80, 1,0500/20 and (or) further break-out variant up to 1,0560/80, 1,0620/40, 1,680/1,0700. The alternative for sales will be below 1,0340 with the targets of 1,0280/1,0300, 1,0220/40.

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  GBP

Earlier opened and preserved short positions had positive result in attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of bearish activity priority, suggests choosing sales in planning trading operations for today. Therefore, at this point, considering rate position within the frames of Ichimoku cloud, we can assume probability of rate return to its upper border at 1,6300/20 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 1,6240/60, 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 1,6360 with the targets of 1,6400/20, 1,6460/80.

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  JPY

The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, having marked formation of bearish reversal sign with relatively low level of bullish activity, gives grounds for holding of earlier opened sales with the targets of 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.

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  EUR

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of bullish reversal sign with further relative rise of buying activity, suggests probable rate correction period, however, with preserved priority of sales in planning trading operations for today. Therefore, at this point, considering bullish sign of indicator chart, we can assume probability of rate return to 1,4130/50 range, 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 1,4050/70 and (or) further break-out variant up to 1,3990/1,4010, 1,3920/401,3860/80. The alternative for buyers will be above 1,4240 with the targets of 1,4280/1,4300, 1,4340/60.

Category: Technical Analysis | Added by: forex-market (2010-01-21)
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