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Main » Articles » Technical Analysis

Technical analysis for November 12 , 2009

CHF

The estimated test of key resistance range levels for implementation of the pre-planned long positions has not been confirmed, but a mere rise of bullish activity is not an essential argument for the choice of planning priorities for today. Therefore, as earlier considering supposition of rate range movement we can assume probability of further test of close Ichimoku cloud border contained in 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 1,0200 with the targets of 1,0240/60, 1,0300/40.

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  GBP

Earlier opened and preserved short positions did not have any positive result caused by the involved protection of the pre-planned alternative. OsMA trend indicator, having marked preservation of bearish party priority, gives grounds for preservation of sales planning priority for today. Therefore, considering a relative rise of bullish opposition when rate contained within the frames of Ichimoku cloud, we can assume rate return to 1,6620/40 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 short-term sales on condition of the formation of topping signals the targets will be 1,6560/80, 1,6500/20 and (or) further break-out variant up to 1,6440/60, 1,6360/80, 1,6300/20. The alternative for buyers will be above 1,6740 with the targets of 1,6780/1,6800, 1,6840/60.

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  JPY

The estimated test of key resistance range levels has been confirmed, but relative rise of bullish party activity was not a positive argument for immediate implementation of the pre-planned short positions. Therefore, considering relatively low general level of both party activity we can assume reaching close Ichimoku cloud border contained in 90,00/10 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 89,40/60, 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 90,50 with the targets of 90,90/91,10, 91,50/70, 92,10/30.

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  EUR

The estimated test of key supports for implementation of the pre-planned long positions has not been confirmed, but low activity of both parties combined with a mere short-term priority of bearish party, marked by OsMA trend indicator, gives grounds for preservation of earlier designed trading plans practically unchanged. Namely, we can assume probability of rate return to close Ichimoku cloud borders contained in 1,4920/40 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 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 (2009-11-12)
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