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Main » Articles » Technical Analysis

Technical analysis for September 22 , 2009

CHF

The pre-planned short positions from key resistance range levels were implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked activity parity of both parties and does not clarify the choice of planning priorities for today. Therefore, considering suppositions of probability of rate range movement we can assume rate return to Ichimoku cloud borders at 1,0320/40 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 sales on condition of the formation of topping signals the targets will be 1,0260/80 and (or) further break-out variant 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 estimated test of key resistance range levels has been confirmed with conditions for the implementation of pre-planned short positions. At the moment, considering activity parity of both parties as well as a sign of reversal bearish moment for opened short positions 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 supports has not been confirmed but considering activity parity of both parties as a result of previous trading day, trading plans made before remain almost intact. Namely, as it was before, we can assume probability of rate return to 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, 92,60/80, 93,20/40 and (or) further break-out variant up to 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 long positions from key supports were implemented with overlap of minimal estimated target. OsMA trend indicator, having marked close activity parity of both parties and does not clarify the choice of planning priorities for today. But, considering rate position above Ichimoku cloud as well as considering bullish activity progress in short term outlook there are grounds to prefer planning of buying positions with rate fall 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, 1,5780/1,4800 and (or) further break-out variant up to 174840/60, 1,4900/20, 1,4960/1,5000. 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 (2009-09-22)
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