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Main » Articles » Technical Analysis

Technical analysis for October 13 , 2009

CHF

Short positions opened and preserved before had positive result of overlap of minimal estimated target. OsMA trend indicator having marked the priority of bearish activity development gives grounds to suppose sales priority of planning of trading operations for today. On the assumption of it, as well as of bullish position of indicator chart we can assume probability of rate return to Ichimoku cloud border at 1,0280/1,0300 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of formation of topping signals, the targets will be 1,0220/40, 1,0160/80 and (or) further break-out variant up to 1,0100/20, 1,0040/60, 0,9980/1,000. The alternative for buyers will be above 1,0360 with the targets of 1,0400/20, 1,0460/1,0500.

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  GBP

The pre-planned break-out variant for sales was implemented but with the loss of several points in the achievement of minimal estimated targets. OsMA trend indicator having marked in general outlook the preservation of bearish party activity gives grounds to suppose further sales priorities for planning of trading operations for today. On the assumption of it as well as of the sign of logical incompleteness of current bullish cycle we can assume probability of the achievement of 1,5840/60 resistance levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on conditions of formation of topping signals the targets will be 1,5780/1,5800, 1,5700/40 and (or) further break-out variant up to 1,5620/40, 1,5540/60, 1,5460/80. The alternative for buyers will be above 1,5920 with the targets of 1,5960/80, 1,6020/40, 1,6100/20.

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  JPY

The estimated rate return to close supports was confirmed but relative sales activity rise marked by OsMA trend indicator was not the positive moment for the implementation of pre-planned long positions. At the moment, evaluating the current outlook as favouring to bearish party and according to the chosen strategy we have grounds to choose sales priorities for planning of trading operations for today. Therefore, considering ascending direction of indicator chart we can assume probability of rate return to channel line «1» at 90,20/40 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for sales on condition of the formation of topping signals the targets will be 89,60/80, 89,00/20 and (or) further break-out variant up to 88,40/60, 87,80/88,00. The alternative for buyers will be above 91,00 with the targets of 91,40/60, 92,00/40.

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  EUR

The pre-planned long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked bullish activity preservation gives grounds to preserve bullish direction priority for planning of trading operations for today. On the assumption of it as well as of bearish sign of indicator chart we can assume another rate return to Ichimoku cloud border at 1,4740/60 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,4800/20 and (or) further break-out variant up to 1,4860/80, 1,4920/40, 1,4980/1,5000. The alternative for sales will be below 1,4640 with the targets of 1,4580/1,4600, 1,4520/40.

Category: Technical Analysis | Added by: forex-market (2009-10-13)
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