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Main » Articles » Technical Analysis

Technical analysis for October 28 , 2009

CHF

The estimated test of key supports has not exactly been confirmed and the estimated rate rise marked signs of rate overbought as the ground to suppose further rate correction period with the preservation of bullish direction for planning of trading operations for today. On the assumption of it, as well as of current bearish cycle according to OsMA indicator version we can assume probability of the achievement of close 1,0160/80 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 the formation of topping signals the targets will be ,0220/40, 1,0280/1,0300 and (or) further break-out variant up to 1,0340/60, 1,0400/40. The alternative for sales will be below 1,0100 with the targets of 1,0040/60, 0,9980/1,0000.

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  GBP

The pre-planned short positions from key resistance range levels were implemented with overlap of minimal estimated target. OsMA trend indicator, having marked activity fall of both parties and does not clarify the choice of planning priorities for today. With the preservation of trading plans made before for today. Therefore, as it was before, we can assume probability of the achievement of Senoku Span B of Ichimoku indicator at 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

Short positions opened and saved before had positive result of overlap of minimal estimated targets. OsMA trend indicator, having marked bearish activity progress gives grounds to support sales planning priority for today. On the assumption of it as well as considering rate position within Ichimoku cloud borders we can suppose rate return to close cloud border at 91,60/70, 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 91,00/20 and (or) further break-out variant up to 90,40/60, 89,80/90,00. The alternative for buyers will be above 92,40 with the targets of 92,80/93,00, 93,40/60.

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  EUR

The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated target. OsMA trend indicator, having marked the current week Low by sign of rate oversold gives grounds to suppose further rate correction period but with the preservation of sales priorities for planning if trading operations for today. On the assumption of it as well as considering ascending direction of indicator chart we can assume probability of rate return to channel line «1» at 1,4860/80 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 1,4800/20, 1,4760/80 and (or) further break-out variant up to 1,4700/20, 1,4640/60. The alternative for buyers will be above 1,4940 with the targets of 1,4980/1,5000, 1,5040/60.

Category: Technical Analysis | Added by: forex-market (2009-10-28)
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