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Main » Articles » Technical Analysis

Technical analysis for November 25 , 2009

CHF

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of bearish party activity in the bigger picture, gives grounds favoring choice of sales in planning trading operations for today. At this point, considering signs of rate oversold, we can assume probability of rate return to close 1,0100/20 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 1,0040/60, 1,0000/20 and (or) further break-out variant up to 0,9940/60, 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

The estimated test of key resistance range levels for implementation of the pre-planned short positions has not been confirmed, and fall in both party activity, as a result of previous trading day, does not clarify the choice of planning priorities for today. Therefore, considering current indicator chart cycle, we can assume probability of reaching Senkou Span B of Ichimoku indicator at 1,6640/60, 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, 1,6440/60 and (or) further break-out variant up to 1,6380/1,6400, 1,6320/40, 1,6240/60. 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

Earlier opened and preserved short positions have had a positive result in attainment of minimal anticipated target. OsMA trend indicator, having marked preservation of parity in both party activity, in the bigger picture, gives grounds not favoring probably rate range movement, but favoring preservation of bearish case of rate fall contained in descending trading channel. Hence, we can assume probability of rate return to close 88,60/80 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 88,00/20 and (or) further break-out variant up to 87,40/60, 86,80/87,00, 86,20/40. The alternative for buyers will be above 89,40 with the targets of 89,80/90,00, 90,40/60.

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  EUR

The pre-planned long positions from key supports have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked preservation of bullish party activity in the bigger picture, gives grounds favoring choice of buying in planning trading operations for today. At this point, considering sign of rate oversold, we can assume probability of rate return to close 1,4940/60 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 1,5000/20, 1,5060/80 and (or) further break-out variant up to 1,520/40, 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 (2009-11-25)
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