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Main » Articles » Technical Analysis

Technical analysis for October 22 , 2009

  CHF

Short positions opened and saved before had positive result of the overlap 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. Nevertheless, considering the principle of more probable preservation of current bearish tendency as well as considering ascending direction of indicator chart we can assume probability of rate return to close 1,0090/1,0110 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 condition of the formation of topping signals the targets will be 1,0030/50, 0,9980/1,0000 and (or) further break-out variant up to 0,9920/40, 0,9840/60, 0,9740/80. The alternative for buyers will be above 1,0160 with the targets of 1,0200/20, 1,0260/80.

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  GBP

The pre-planned break-out variant for buyers was implemented with the achievement of main estimated targets. OsMA trend indicator having marked in the general outlook the tendency of bullish priority strengthening and gives grounds to suppose further buyers planning priorities for today. On the assumption of it, as well as of the current bearish cycle of indicator chart we can assume probability of rate return to close 1,6560/80 supports 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 formation of topping signals the targets will be 1,6620/40 and (or) further break-out variant up to 1,6680/1,6700, 1,6740/60, 1,6800/20. The alternative for sales will be below 1,6460 with the targets of 1,6400/20, 1,6340/60, 1,6280/1,6300.

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  JPY

The estimated test of key supports for the implementation of buying positions has not been confirmed and the preservation of the tendency of activity fall of both parties remains trading plans almost intact. Namely, we can assume probability of rate return to close Ichimoku cloud border at 94,60/80 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 buying positions on condition of the formation of topping signal the targets will be 91,20/40 and (or) further break-out variant up to 91,60 with the targets of 92,00/20, 92,40/60. The alternative for sales will be below 89,80 with the targets of 89,20/40, 88,60/80.

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  EUR

Long positions opened and saved before had positive result of the overlap of main estimated targets. OsMA trend indicator, having marked break out of key resistance range levels by the priority of bullish activity development gives grounds for further preservation of bullish planning priorities also for today. Therefore, considering current descending direction of indicator chart we can assume rate return to close 1,4960/80 supports 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 buying positions on condition of the formation of topping signals the targets will be 1,5020/50 and (or) further break-out variant up to 1,5090/1,5110, 1,5160/80, 1,5240/60. The alternative for sales will be below 1,4880 with the targets of 1,4820/40, 1,4760/80, 1,4700/20.

Category: Technical Analysis | Added by: forex-market (2009-10-22)
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