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Main » Articles » Technical Analysis

Technical analysis for October 2 , 2009

CHF

The pre-planned break-out variant for buyers has been implemented and the achievement of main estimated targets is supported according to the chosen strategy with preservation of bullish activity priority according to OsMA trend indicator. At the moment, considering descending direction of indicator chart there are risks of rate return to Ichimoku cloud border at 1,0380/1,0400 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 1,0440/60, 1,0500/20 and (or) further break-out variant up to 1,0560/80, 1,0620/40, 1,0680/1,0700. The alternative for sales will be below 1,0290 with the targets of 1,0220/40, 1,0160/80.

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  GBP

The pre-planned short positions from key resistance range levels were implemented with the overlap of minimal estimated target. OsMA trend indicator, having marked 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 close 1,5970/1,6000 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 toping signals the targets will be 1,5900/20, 1,5820/40, 1,5760/80 and (or) further break-out variant up to 1,5700/20, 1,5600/40, 1,5480/1,5520. The alternative for buyers will be above 1,6140 with the targets of 1,6180/1,6200, 1,6240/60, 1,6300/20.

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  JPY

The pre-planned short positions were implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked the tendency of activity fall of both parties and does not clarify the choice of planning priorities for today. Therefore, considering the suppositions about further rate range movement we can assume probability of another test of Senoku Span B line of Ichimoku indicator at 89,80/90,00 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 89,20/40 and (or) further break-out variant below 89,00 with the targets of 88,40/60, 87,80/88,00, 87,20/40.The alternative for buyers will be above 90,60 with the targets of 91,00/20, 91,60/80, 92,20/40.

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  EUR

The estimated test of key resistance range levels for the implementation of pre-planned short positions has not exactly been confirmed, but the results of previous trading day as well as activity parity of both parties did not change the principles of planning of trading operations for today. That’s why, as it was before we can assume probability of rate return to close Ichimoku cloud borders at 1,4570/90 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 1,4500/20 and (or) further break-out variant up to 1,4440/60, 1,4380/1,4400. The alternative variant for buyers will be above 1,4700 with the targets of 1,4740/60, 1,4800/40.

Category: Technical Analysis | Added by: forex-market (2009-10-02)
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