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Main » Articles » Technical Analysis

Technical analysis for September 21 , 2009

CHF

The pre-planned short positions were implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked preservation of several minimal priority of bullish party as it was before gives grounds to suppose further rate correction period with the preservation of sales priorities of trading operations planning for today. Therefore, on the assumption of it, as well as of the ascending direction of indicator chart we can assume probability of further test of Ichimoku cloud at 1,0340/60 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 below 1,0260 with the targets up to 1,0200/20, 1,0140/60, 1,0040/60. The alternative for buyers will be above 1,0400 with the targets of 1,0440/60, 1,0500/40.

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  GBP

The pre-planned break-out variant for sales was implemented with overlap of minimal estimated target. OsMA trend indicator, having marked activity fall of both parties and does not clarify the choice of planning priorities for today. Nevertheless, considering the sign of rate overbought and the absence of confirmative reaction of bullish resistance we can assume probability of rate return to close 1,6240/60 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 formation of topping signals the targets will be 1,6180/1,6200, 1,6120/40, 1,6080/1,6100 and (or) further break-out variant up to 1,6020/40, 1,5960/80, 1,5900/20. The alternative for buyers will be above 1,6340 with the targets of 1,6380/1,6400, 1,6440/60, 1,6500/20.

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  JPY

The estimated test of key resistance range levels was confirmed but the implementation of pre-planned short positions had no the positive result of the achievement of estimated targets. At the moment, evaluating the current situation favouring to bullish party we can suppose probability of another test of close 91,40/60 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 92,00/20, 62,60/80, 93,20/40 and (or) further break-out variant up to до 93,80/94,00, 94,40/60. The alternative for buyers will be below 90,80 with the targets of 90,20/40, 89,60/80.

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  EUR

The pre-planned break-out variant for sales was implemented and the achievement of estimated targets is supported by current cycle of bearish activity with the preservation of sales activity priority at the break of key supports. Nevertheless, evaluating the general outlook favouring to bullish party in long term period, we can assume the probability of the achievement of Senkou Span B line of indicator Ichimoku at 1,4620/40 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 1,4600/1,4700, 1,4740/60, 1,4800/20 and (or) further break-out variant up to 1,4860/80, 1,4920/40, 1,4980/1,5000. The alternative variant for sales will be below 1,4580 with the targets of 1,4520/40, 1,4460/80, 1,4400/20.

Category: Technical Analysis | Added by: forex-market (2009-09-21)
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