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Main » Articles » Technical Analysis

Technical analysis for October 5 , 2009

CHF

The estimated test of key supports was confirmed but relative bearish activity rise marked by OsMA trend indicator did not incline to the implementation of pre-planned buying positions. Therefore, at the moment, considering tendency of strengthening of activity sales against the background of unconvincing bullish resistance we can assume probability of rate return to close 1,0340/60 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 1,0280/1,0300 and (or) further break-out variant up to 1,0220/40, 1,0160/80. The alternative for buyers will be above 1,0460 with the targets of 1,0500/20, 1,0560/1,0600.

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  GBP

The estimated test of key resistance range levels has been confirmed but relative bullish ctivity rise marked by OsMA trend indicator is not the positive signal for the implementation of pre-planned sales positions. Therefore, at the moment considering sign of bullish activity incompleteness we can assume rate return to close 1,5940/60 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 toping signals the targets will be 1,6000/20, 1,6060/80, 1,6120/40 and (or) further break-out variant up to 1,6180/1,6200, 1,6240/60, 1,6300/20. The alternative for sales will be below 1,5860 with the targets of 1,5800/20, 1,5740/60.

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  JPY

The estimated test of key resistance range levels has been confirmed but relative buyers activity rise marked by OsMA trend indicator did not incline to the implementation of pre-planned sales positions. At the moment, considering the tendency of bullish activity strengthening as well as descending direction of the indicator we can assume probability of rate return to close 89,30/50 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 89,90/90,10 and (or) further break-out variant above 90,40 with the targets of 90,80/91,00, 91,40/60, 92,00/20.The alternative for sales will be above 88,80 with the targets of 88,20/40, 87,60/80.

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  EUR

The estimated test of key resistance range levels has been confirmed but relative bullish activity rise marked by OsMA trend indicator did not incline to the implementation of pre-planned short positions. At the moment considering rate position within Ichimoku cloud borders as well as uncertainty of the choice of planning priorities we can suppose rate return to Senoku Span A line at 1,4600/20 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 buying positions on condition of the formation of topping signals the targets will be 1,4660/80, 1,4700/20 and (or) further break-out variant up to 1,4760/80, 1,4820/40. The alternative variant for sales will be above 1,4480 with the targets of 1,4420/40, 1,4360/80.

Category: Technical Analysis | Added by: forex-market (2009-10-05)
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