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Main » Articles » Technical Analysis

Technical analysis for October 23 , 2009

CHF

The pre-planned short positions from key resistance range levels were implemented with the achievement of minimal estimated target. OsMA trend indicator having marked close activity parity of both parties gives grounds to suppose further rate range movement without clarifying the choice of planning priorities for today. Therefore, considering current bullish cycle of indicator chart we can assume probability of another test of channel line «1» at 1,0100/20 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-term sales on condition of the formation of topping signals the targets will be 1,0040/60, 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 long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator having marked current week high by formation of topping bearish signal and gives grounds to suppose rate range movement with a loss of urgency of channel line «1» support. On the assumption of it, we can assume probability of rate return to close 1,6540/60 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 1,6600/20, 1,6660/80, 1,6720/40 and (or) further break-out variant up to 1,6780/1,6800, 1,6860/80, 1,6960/1,7000. 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 has not been confirmed but the estimated rate rise has marked strengthening of rate overbought that does not confirm the expectations of its considerable rise perspectives. Nevertheless, at the moment, without any indicators for choice of planning priorities we can assume probability of the preservation of current tendency with the test of channel line «2» at 91,00/20 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-term buying positions on condition of the formation of topping signal the targets will be 91,60/80 and (or) further break-out variant up to 92,20/40, 92,60/80. The alternative for sales will be below 90,60 with the targets of 90,00/20, 89,40/60.

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  EUR

The pre-planned long positions from key supports were implemented with overlap of main estimated target. OsMA trend indicator, having marked current week high by formation of reversal bearish signal gives ground for further rate correction period whose key supports will be 1,4980/1,5000 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 buying positions on condition of the formation of topping signals the targets will be 1,5040/60 and (or) further break-out variant up to 1,5100/20, 1,5180/1,5200, 1,5260/80. The alternative for sales will be below 1,4900 with the targets of 1,4840/60, 1,4780/1,4800, 1,4700/40.

Category: Technical Analysis | Added by: forex-market (2009-10-23)
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