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Main » Articles » Technical Analysis

Technical analysis for November 20 , 2009

CHF

The pre-planned short positions from key resistance range levels have been implemented but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity does not clarify the choice of planning priorities for today. Therefore, as earlier we can assume probability of another rate return to 1,0160/80 resistance range 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 1,0100/20, 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 1,0220 with the targets of 1,0260/80, 1,0320/40.

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  GBP

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked sign of rate oversold, nevertheless, has not revealed firm bullish opposition as grounds favoring long positions. Therefore, as long as bearish priority for planning trading operations holds, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator 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, 1,6580/1,6600 and (or) further break-out variant up to 1,6520/40, 1,6440/60. The alternative for buyers will be above 1,6800 with the targets of 1,6840/60, 1,6900/20, 1,6960/1,7000.

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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, and preservation of close parity of both party activity gives grounds for minimal correction into earlier designed trading plans before implementing today. Therefore, considering supposition of further rate range movement we can assume probability of rate return to close border of Ichimoku cloud at 89,00/20 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 88,40/60, 87,80/88,00 and (or) further break-out variant up to 87,20/40, 86,60/80.

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  EUR

The pre-planned buying positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity does not give any grounds for the choice of planning priorities for today. Therefore, considering supposition of further rate range movement as earlier we can assume probability of another rate return to close 1,4860/80 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 1,4920/40, 1,4980/1,5000 and (or) further break-out variant up to 1,5040/60, 1,5100/20. The alternative for sales will be below 1,4800 with the targets of 1,4740/60, 1,4680/1,4700, 1,4620/40.

Category: Technical Analysis | Added by: forex-market (2009-11-20)
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