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Main » Articles » Technical Analysis

Technical analysis for November 17 , 2009

  CHF

The pre-planned long positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of close parity of both party activity as earlier does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement and taking into account upward indicator chart direction we can assume another rate return to channel line 3-4 contained in 1,0120/40 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 short-term sales on condition of the formation of topping signals the targets will be 1,0060/80, 1,0000/20 and (or) further break-out variant up to до 0,9920/40, 0,9840/60. The alternative for buyers will be above 1,0220 with the targets of 1,0260/80, 1,0320/40.

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  GBP

The pre-planned break-out variant for buyers have been implemented but with loss in attainment of anticipated targets. OsMA trend indicator, having marked preservation of bullish party activity, however, with an element of rate overbought, gives grounds for priority of planning long positions for today. Therefore, at this point considering downward indicator chart direction, we can assume probability of rate return to close 1,6740/60 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 1,6800/20, 1,6860/1,6900 and (or) further break-out variant up to 1,6940/60, 1,7000/40. The alternative for sales will be below 1,6660 with the targets of 1,6600/20, 1,6540/60, 1,6480/1,6500.

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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 sign of rate overbought, suggests rate return to close 89,40/60 resistance 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 88,80/89,00, 88,40/60 and (or) further break-out variant up to 87,80/88,00. The alternative for buyers will be above 90,20 with the targets of 90,60/80, 91,20/40.

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  EUR

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked in the bigger picture preservation of parity of both party activity and as earlier does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement we can assume probability of rate return to close 1,4910/30 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 1,4970/90, 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 1,4860 with the targets of 1,4800/20, 1,4740/60, 1,4680/1,4700.

Category: Technical Analysis | Added by: forex-market (2009-11-17)
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