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Main » Articles » Technical Analysis

Technical analysis for November 23 , 2009

CHF

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of anticipated targets. OsMA trend indicator, having marked tendency of strengthening of bearish party activity combined with fall in buyers` activity as a result of ending up of the previous week trades, gives grounds favoring bearish priority in planning trading operations for today. Therefore, at this point, we can assume probability of rate return to close 1,0140/60 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 sales, on condition of the formation of topping signals the targets will be 1,0080/1,0100, 1,0020/40 and (or) further break-out variant up to 0,9960/80, 0,9900/20, 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 sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked break of key supports by significant rise in bearish activity, gives grounds favoring sales in planning trading operations for today. However, considering current bullish direction of indicator chart, we can assume probability of rate return to 1,6600/20 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 sales, on condition of the formation of topping signals the targets will be 1,6520/40, 1,6440/60 and (or) further break-out variant up to 1,6380/1,6400, 1,6300/20, 1,6200/40. The alternative for buyers will be above 1,6740 with the targets of 1,6780/1,6800, 1,6860/80.

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  JPY

The pre-planned short positions from key resistance range levels have been implemented, and current indicator chart direction is favoring preservation of opened sales with expectation of attainment of minimal anticipated targets. At this point, considering continuous decline in both party activity, as earlier we can assume probability of further rate range movement with preservation of earlier designed trading plans for today. Namely, 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. The alternative for buyers will be above 89,80 with the targets of 90,20/40, 90,80/91,00.

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  EUR

The pre-planned long positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked tendency of bullish activity strengthening combined with signs of rate overbought, gives grounds favoring bullish priority in planning trading operations for today. Therefore, considering current situation of bullish cycle incompleteness, we can assume probability of rate return to close 1,4880/1,4900 support 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 1,4940/60, 1,5000/20, 1,5060/80 and (or) further break-out variant up to 1,5120/40, 1,5180/1,5200. The alternative for sales will be below 1,4800 with the targets of 1,4740/90, 1,4680/1,4700, 1,4600/20.

Category: Technical Analysis | Added by: forex-market (2009-11-23)
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