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Main » Articles » Technical Analysis

Technical analysis for October 1 , 2009

CHF

The pre-planned long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator having marked close activity parity of both parties considering the chosen strategy does not clarify the choice of planning priorities for today. That is why considering rate position above Ichimoku cloud as more preferable for planning of buying positions we can assume probability of another rate return to Ichimoku cloud border at 1,0320/40 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,0380/1,0400, 1,0420/40 and (or) further break-out variant up to 1,04280/1,0500, 1,0540/60. The alternative for sales will be below 1,0260 with the targets of 1,0200/20, 1,0140/60, 1,0080/1,0100.

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  GBP

The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked preservation of signs of sales activity strengthening against the background of bullish resistance fall and gives grounds to prefer bearish direction for planning of trading operations for today. On the assumption of it, we can assume probability of rate return to close 1,6020/40 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 short-term sales on condition of the formation of toping signals the targets will be 1,5940/60, 1,5820/40, 1,5760/80 and (or) further break-out variant up to 1,5700/20, 1,5600/40, 1,5480/1,5520. The alternative for buyers will be above 1,6140 with the targets of 1,6180/1,6200, 1,6240/60, 1,6300/20.

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  JPY

The pre-planned short positions from key resistance range levels were implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked further tendency of activity fall of both parties in rate position within Ichimoku cloud border does not clarify the choice of planning priorities for today. Therefore, considering the suppositions about probable rate range movement we can assume probability of Senoku Span B line test at 90,00/20 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-time sales on condition of the formation of topping signals the targets will be 89,40/60, 89,00/20 and (or) further break-out variant up to 88,40/90, 87,80/88,00, 87,20/40.The alternative for buyers will be above 90,60 with the targets of 91,00/20, 91,60/80, 92,20/40.

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  EUR

The estimated test of key resistance range levels for the implementation of pre-planned short positions has not exactly been confirmed, but the results of previous trading day according to OsMA trend indicator did not change the principles of planning of trading operations for today. That’s why, as it was before we can assume probability of another test of Ichimoku cloud borders at 1,4660/80 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 the formation of topping signals the targets will be 1,4600/20, 1,4540/60,1,4500/20 and (or) further break-out variant up to 1,4440/60, 1,4380/1,4400. The alternative variant for buyers will be above 1,4720 with the targets of 1,4760/80, 1,4820/40.

Category: Technical Analysis | Added by: forex-market (2009-10-01)
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