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Main » Articles » Technical Analysis

Technical analysis for October 29 , 2009

 CHF

The estimated test of key supports for the implementation of preplanned long positions has not exactly been confirmed and the result of estimated rate rise in medium term outlook according to OsMA indicator version, marked close activity parity of both parties as a sign of uncertainty for the choice of planning priorities for today. Therefore, considering the suppositions considering probability of rate range movement as well as in short-term of current bearish cycle we can assume probability of rate return to close 1,0220/40 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 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 1,0190 with the targets of 1,0130/50, 1,0080/1,0100.

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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 preservation of activity fall of both parties, except the risk of sharp changing of the situation favouring to any party and does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy based on suppositions concerning probability of rate range movement we can assume probability of testing 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

The pre-planned break-out variant for sales was implemented with overlap of minimal estimated target. OsMA trend indicator, having marked the break of key supports by sign of rate overbought gives grounds to suppose probability of relatively long term rate correction period but with the preservation of sales priorities for planning of trading operations for today. On the assumption of it we can assume probability of rate return to channel line «1» at 90,60/80 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 90,00/20 and (or) further break-out variant up to 89,40/60, 88,80/89,00. The alternative for buyers will be above 91,40 with the targets of 91,80/92,00, 92,30/40.

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  EUR

The pre-planned break-out variant for sales was implemented with overlap of minimal estimated target. OsMA trend indicator, having marked close activity parity and considering the chosen strategy 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 close 1,4760/80 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 1,4700/20, 1,4640/60 and (or) further break-out variant up to 1,4580/1,4600, 1,4520/40. The alternative for buyers will be above 1,4840 with the targets of 1,4880/1,4900, 1,4940/60.

Category: Technical Analysis | Added by: forex-market (2009-10-29)
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