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Main » Articles » Technical Analysis

Technical analysis for November 30, 2009

CHF

The estimated test of key supports has been confirmed, but relative rise in bearish activity, marked by OsMA trend indicator did not favor implementation of the pre-planned long positions. At this point, considering rate position below Ichimoku cloud combined with tendency of sales activity strengthening, there are grounds favoring bearish direction in planning trading operations for today. Hence, we can assume probability of rate return to close 1,0040/60 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 0,9980/1,0000, 0,9900/20 and (or) further break-out variant up to 0,9840/60, 0,9720/60. The alternative for buyers will be above 1,0100 with the targets of 1,0140/60, 1,0200/20, 1,0260/80.

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  GBP

The pre-planned break-out variant for sales has been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked formation of topping signal with further relatively high level of bullish activity, gives grounds favoring choice of buying in planning trading operations for today. Therefore, considering descending direction of indicator chart, in short-term outlook, we can assume probability of rate return to close 1,6500/20 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 1,6560/80, 1,6620/40 and (or) further break-out variant up to 1,6680/1,6700, 1,6780/1,6820, 1,6860/80. The alternative for sales will be below 1,6390 with the targets of 1,6320/40, 1,6260/80.

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  JPY

The estimated test of key resistance range levels has been confirmed, but essential rise in bullish activity did not appear to be a positive signal for implementation of the pre-planned short positions. Therefore, at this point, considering priority of bullish direction and current descending direction of indicator chart, we can assume probability of rate return to 85,90/86,10 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 86,50/70, 87,00/20 and (or) further break-out variant up to 87,60/80, 88,20/40. The alternative for sales will be below 85,40 with the targets of 84,80/85,00, 84,20/40.

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  EUR

The pre-planned break-out variant for buyers has been implemented, and attainment of anticipated targets is supported by relative rise in bullish activity, marked by OsMA trend indicator at break of key resistance range levels. At this point, considering reversal sign of indicator chart, we can assume probability of rate return to close 1,5000/20 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 1,5060/80, 1,5120/40, 1,5180/1,5200 and (or) further break-out variant up to 1,5240/60, 1,5300/20, 1,5380/1,5420. The alternative for sales will be below 1,4960 with the targets of 1,4900/20, 1,4840/60, 1,4780/1,4800.

Category: Technical Analysis | Added by: forex-market (2009-11-30)
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