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Main » Articles » Technical Analysis

Technical analysis for October 26 , 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 activity fall of both parties as it was before, does not clarify the choice of planning priorities for today. Nevertheless, considering suppositions of further rate range movement we can assume probability of rate return to Ichimoku cloud border 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, 1,9740/80. 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 sales was implemented with overlap of main estimated targets. OsMA trend indicator having marked considerable bearish activity rise at the break of key supports gives grounds to suppose sales priority of planning of trading operations for today. On the assumption of it, we can assume probability of rate return to close 1,6400/40 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 formation of topping signals the targets will be 1,6340/60, 1,6240/80 and (or) further break-out variant up to 1,6180/1,6200, 1,6140/60, 1,6080/1,6100. The alternative for buyers will be above 1,6540 with the targets of 1,6580/1,6600, 1,6640/60, 1,6700/20.

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  JPY

The estimated break-out variant for buyers was implemented but with loss of several points in the achievement of minimal estimated target. OsMA trend indicator, having marked the tendency of bearish activity strengthening against the background of rate overbought strengthening and gives grounds to prefer bearish party support for planning of trading operations for today. On the assumption of it, as well as of indicator local reversal momentum we can assume probability of rate return to the top achieved before at 92,00/20 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 sales on condition of the formation of topping signal the targets will be 91,40/60, 90,80/91,00 and (or) further break-out variant up to 90,20/40, 89,60/80. The alternative for sales renewal will be above 92,60 with the targets of 93,00/20, 93,40/60, 94,00/20.

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  EUR

The pre-planned long positions from key supports were implemented with the achievement of main and minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties does not clarify the choice of planning priorities for today. Therefore, considering the suppositions of further rate range movement we can assume probability of rate return to Ichimoku cloud border at 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,5040/60, 1,5100/20 and (or) further break-out variant up to 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 (2009-10-26)
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