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Main » Articles » Technical Analysis

Technical analysis for September 16 , 2009

 CHF

The pre-planned short positions from key resistance range levels were implemented with overlap of minimal estimated target. OsMA trend indicator, having marked close activity parity of both parties gives grounds to suppose further rate correction period but with the preservation of sales priorities for planning of trading operations for today. On the assumption of it as well as of the ascending direction of indicator chart we can assume probability of rate return to close Ichimoku cloud border at 1,0360/80 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 1,0300/20 and (or) further break-out variant up to 1,0240/60, 1,0160/80, 1,0100/20. The alternative for buyers will be above 1,0420 with the targets of 1,0460/80, 1,0520/40, 1,0580/1,0600.

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  GBP

The pre-planned break-out variant for sales was implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked considerable bearish activity at the break-out of key supports for planning of trading operations for today. Considering these suppositions, we can assume probability of further rate return to Senkou Span B border of Ichimoku cloud at 1,6500/20 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 sales on condition of formation of topping signals the targets will be 1,6640/60, 1,6380/1,6400 and (or) further break-out variant up to 1,6320/40, 1,6260/80. The alternative for buyers will be above 1,6460 with the targets of 1,6680/1,6700, 1,6760/80, 1,6840/60.

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  JPY

The estimated test of key supports was confirmed but in the current situation of logical completeness of rate correction there is no grounds for the implementation of pre-planned long positions. On the assumption of it, as well as of suppositions concerning sales planning priorities we can suppose probability of another test of close 91,20/40 levels within Ichimoku cloud border 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 90,60/80, 90,00/20 and (or) further break-out variant up to 89,40/60, 88,80/89,00. The alternative for sales will be above 91,80 with the targets of 92,20/40, 92,80/93,00.

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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, in spite of rate overbought, having marked the preservation of bullish activity priority gives grounds for preservation of buying priorities for 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 1,4620/40 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 1,4680/1,4700 and (or) further break-out variant up to 1,4740/60, 1,4800/20, 1,4860/1,4900. The alternative variant for sales will be below 1,4560 with the targets of 1,4500/20, 1,4440/60, 1,4360/80.

Category: Technical Analysis | Added by: forex-market (2009-09-16)
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