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Main » Articles » Technical Analysis

Technical analysis for September 24 , 2009

CHF

The pre-planned short positions from key resistance range levels were implemented but with loss of several points in the achievement of minimal estimated target. OsMA trend indicator, having marked bullish activity progress as the result of previous trading day to suppose at least rate rise period incompleteness favouring to buying positions for planning of trading operations for today. On the assumption of it as well as of descending direction of indicator chart we can suppose rate return to close 1,0240/60 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 1,0300/20, 1,0360/80, 1,0400/20 and (or) further break-out variant up to 1,0460/80, 1,0520/40. The alternative for sales will be below 1,0180 with the targets of 1,0120/40, 1,0060/80, 1,0000/20.

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  GBP

The pre-planned long positions from key supports range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked the top of the week by topping bearish signal with further relative sales activity rise and gives grounds to suppose further rate correction period within Ichimoku cloud borders favouring to sales direction of trading operations planning for today. On the assumption of it, as well as of ascending direction of indicator chart we can assume test of Senkou Span B line at 1,6390/1,6410 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 1,6320/40, 1,6260/80 and (or) further break-out variant up to 1,6200/20, 1,6140/60, 1,6100/20. The alternative for buyers will above 1,6480 with the targets of 1,6520/40, 1,6600/20, 1,6700/40.

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  JPY

The pre-planned break-out variant for buyers was implemented with loss in the achievement of estimated targets. OsMA trend indicator, having marked relative activity rise of both parties and does not clarify the choice of planning priorities for today. Nevertheless, considering rate position below Ichimoku cloud border as a sign of bearish priority as well as the current cycle of sales activity we can assume probability of rate return to close 91,00/20 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 90,40/60, 90,00/20 and (or) further break-out variant up to 89,40/60, 88,80/89,00, 88,20/40. The alternative for buyers 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, having marked relative bearish activity rise as the reaction for rate overbought gives grounds to suppose bearish cycle incompleteness favouring to sales for planning of trading operations for today. On the assumption of it as well as ascending direction of indicator chart we can suppose probability of rate return to 1,4740/60 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 1,4680/1,4700, 1,4620/40, 1, 1,4580/1,4600 and (or) further break-out variant up to 1,4520/40, 1,4460/80. The alternative variant for buyers will be above 1,4800 with the targets of 1,4840/60, 1,4900/20, 1,4960/1,5000.

Category: Technical Analysis | Added by: forex-market (2009-09-24)
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