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Main » Articles » Technical Analysis

Technical analysis for October 7 , 2009

CHF

The estimated test of key resistance range levels for the implementation of pre-planned short positions has not been confirmed and activity parity of both parties marked by OsMA trend indicator as the result of previous trading day does not clarify the choice of planning priorities for today. On the assumption of it as well as considering the preservation of bearish sign of indicator chart as it was before we can assume probability of rate achievement of close 1,0300/20 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 sales on condition of the formation of topping signals the targets will be 1,0240/60, 1,0160/80 and (or) further break-out variant up to 1,0100/20, 1,0040/60, 0,9980/1,000. The alternative for buyers will be above 1,0400 with the targets of 1,0440/60, 1,0500/20.

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  GBP

Long positions opened and preserved before had positive result of overlap of minimal estimated target. OsMA trend indicator, having marked previous day top by the formation of topping bearish signal with further strengthening of bearish activity level gives grounds to suppose further rate fall period with preservation of bullish direction priority of planning of trading operations for today. On the assumption of it we can assume probability of the achievement of close 1,5800/20 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 conditions of formation of topping signals the targets will be 1,5860/80, 1,5920/40 and (or) further break-out variant up to 1,5980/1,6000, 1,6040/60, 1,6100/20. The alternative for sales will be below 1,5760 with the targets of 1,5700/20, 1,5600/40, 1,5480/1,5520.

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  JPY

The estimated test of close supports has not been confirmed but activity fall of both parties marked by OsMA trend indicator remains trading plans made before almost unchanged. Namely, we can assume probability of the achievement of close 88,40/60 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 topping signals the targets will be 89,00/20, 89,60/80 and (or) further break-out variant up to 90,20/40, 90,80/91,00. The alternative for sales will be below 88,00 with the targets of 87,40/60, 86,80/87,00.

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  EUR

The pre-planned long positions from key supports were implemented with the achievement of minimal estimated target. OsMA trend indicator having marked the previous week top by the formation of topping bearish signal with further relative sales activity rise gives grounds to suppose further rate correction period with preservation of bullish direction priorities of trading operations planning for today. On the assumption of it we can assume probability of rate return to close 1,4660/80 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 1,4720/40 and (or) further break-out variant above 1,4760 with the targets of 1,4800/20, 1,4860/80. The alternative variant for sales will be below 1,4600 with the targets of 1,4540/60, 1,4480/1,4500.

Category: Technical Analysis | Added by: forex-market (2009-10-07)
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