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Main » Articles » Technical Analysis

Technical analysis for November 10 , 2009

CHF

The pre-planned break-out variant for sales has been implemented, but with loss in achievement of anticipated targets. OsMA trend indicator, having marked close parity of both parties activity, does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement, we can assume rate return to close 1,0100/20 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 1,0040/60, 0,9980/1,0000 and (or) further break-out variant up to 0,9920/40, 0,9860/80, 0,9800/20. The alternative for buyers will be above 1,0240 with the targets of 1,0280/1,0300, 1,0340/60, 1,0400/20.

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  GBP

The pre-planned break-out variant for sales has been implemented, but with loss in several points in achievement of minimal anticipated target. OsMA trend indicator, having marked tendency of both party activity rise does not clarify the choice of planning priorities for today. Therefore, considering supposition of bearish cycle incompleteness we can assume probability of rate return to channel line 1 at 1,6680/1,6700 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 1,6620/40, 1,6540/60 and (or) further break-out variant up to 1,6480/1,6500, 1,6420/40, 1,6340/60. The alternative for buyers will be above 1,6760 with the targets of 1,6800/1,6820, 1,6880/1,6920.

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  JPY

The estimated test of key resistance range levels for implementation of the pre-planned short positions has not been confirmed, both party activity fall marked by OsMA trend indicator as the result of the trading day gives grounds to preserve trading plans designed before practically intact. Namely, we can assume probability or rate return to channel line 2 at 90,20/40 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 sales, on condition of the formation of topping signals the targets will be 89,60/80, 89,00/20 and (or) further break-out variant up to 88,40/60, 87,80/88,00. The alternative for buyers will be above 90,80 with the targets of 91,20/40, 91,80/92,00.

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  EUR

The pre-planned break-out variant for buyers has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked in the bigger picture the preservation of bullish party activity, gives grounds to pre4serve buying position priority for today. Therefore, considering current cycle of bearish activity according to OsMA trend indicator, we can assume probability of rate return to close 1,4920/40 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 1,4980/1,5000, 1,5040/60 and (or) further break-out variant up to 1,5100/20, 1,5160/80, 1,5220/40. The alternative for sales will be below 1,4880 with the targets of 1,4820/40, 1,4760/80.

Category: Technical Analysis | Added by: forex-market (2009-11-10)
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