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Main » Articles » Technical Analysis

Technical analysis for October 30 , 2009

 CHF

The pre-planned break-out variant for sales was implemented and the achievement of estimated targets is supported by relatively high bearish activity level, marked by OsMA trend indicator at the break of key supports. At the moment, considering ascending direction of indicator chart, in short term outlook, we can assume probability of rate return to close 1,0200/20 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 the formation of topping signals the targets will be 1,0140/60 and (or) further break-out variant up to 1,0080/1,0100, 1,020/40. The alternative for buyers will be above 1,0300 with the targets of 1,0340/60, 1,0400/40.

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  GBP

The pre-planned break-out variant for buyers was implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked relative bullish activity rise at the break of key resistance range levels gives grounds to suppose buyers direction of planning of trading operations for today. On the assumption of it as well as of descending direction of indicator chart, we can assume probability of rate return to close Ichimoku cloud border at 1,6480/1,6500 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 formation of topping signals the targets will be 1,6640/60, 1,6700/40 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 1,6400 with the targets of 1,6340/60, 1,6260/1,6300.

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  JPY

The pre-planned break-out variant for buyers was implemented and the achievement of estimated targets is supported by relative bullish activity rise, marked by OsMA trend indicator at the break of key resistance range levels. Therefore, considering descending direction of indicator chart we can assume probability of testing of close 90,60/80 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 buying positions on condition of the formation of topping signals the targets will be 91,20/40 and (or) further break-out variant up to 92,00/20, 92,60/80. The alternative for sales will be below 89,80 with the targets of 89,20/40, 88,60/80, 88,00/20.

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  EUR

The pre-planned break-out variant for buyers was implemented and the achievement of estimated targets is supported by relative bullish activity rise marked by OsMA trend indicator at the break of key resistance range levels. At the moment, considering descending direction of indicator chart, in general outlook we can assume probability of rate return to close 1,4780/1,4800 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 1,4840/60, 1,4900/20 and (or) further break-out variant up to 1,4960/80, 1,5020/40. The alternative for sales will be below 1,4680 with the targets of 1,4620/40, 1,4540/60, 1,4480/1,4500.

Category: Technical Analysis | Added by: forex-market (2009-10-30)
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