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Main » Articles » Technical Analysis

Technical analysis for November 16 , 2009

CHF

The pre-planned break-out variant for sales has been implemented and attainment of minimal anticipated target is supported by relative rise in bearish activity, marked by OsMA trend indicator at break of key supports. At this point, considering the current situation of close parity of both party activity as a sign of probable rate range movement we can assume attainment of close 1,0040/60 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 1,0100/20 and (or) further break-out variant up to 1,0160/80, 1,0240/60, 1,0300/20. The alternative for sales will be below 1,0000 with the targets of 0,9940/60, 0,9880/0,9900.

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  GBP

The pre-planned break-out variant for buyers has been implemented but with loss to attainment of anticipated targets. OsMA trend indicator, having marked, in the bigger picture, tendency of buying activity strengthening with preservation of bullish choice priority gives grounds to anticipate attainment of 1,6780/1,6800 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 1,6720/40, 1,6660/80 and (or) further break-out variant up to 1,6600/20, 1,6540/60, 1,6460/1,6500. The alternative for buyers will be above 1,6860 with the targets of 1,6900/20, 1,6980/1,7020.

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  JPY

The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked tendency of rise in both party activity does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement and taking into account upward chart indicator, we can assume reaching of Senkou Span B line in Ichimoku cloud at 89,90/90,00, 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 89,60/70, 89,20/30 and (or) further break-out variant up to 88,60/80, 88,00/20. The alternative for buyers will be above 90,60 with the targets of 91,00/20, 91,60/80.

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  EUR

The estimated test of key resistance range levels has been confirmed, but relative rise in buying activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. Nevertheless, in the bigger picture, considering close parity of both party activity while rate is contained within the borders of Ichimoku cloud, we can assume probability of rate range movement with attainment of close border of the cloud at 1,4980/1,5000 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 1,4920/40 and (or) further break-out variant up to 1,4860/80, 1,4800/20. The alternative for buyers will be above 1,5080 with the targets of 1,5120/40, 1,5180/1,5200, 1,5240/60.

Category: Technical Analysis | Added by: forex-market (2009-11-16)
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