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Main » Articles » Technical Analysis

Technical analysis for September 28 , 2009

CHF

The pre-planned long positions from key resistance range levels were implemented but with loss in the achievement of minimal estimated target. OsMA trend indicator, having marked bullish activity priority at the break of key resistance range levels gives grounds to preserve bullish direction priority for planning of trading operations for today. On the assumption of it as well as of the current cycle of bullish activity we can assume probability of rate return to close 1,0300/20 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 condition of the formation of topping signals the targets will be 1,0360/80, 1,0440/60, 1,0500/20 and (or) further break-out variant up to 1,0560/80, 1,0620/40, 1,0680/1,0700. The alternative for sales will be below 1,0240 with the targets of 1,0180/1,0200, 1,0120/40.

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  GBP

The pre-planned break-out variant for sales was implemented with the overlap of main estimated target. OsMA trend indicator, having marked sign of rate overbought 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 we can assume probability of rate return to channel line «1» at 1,5940/60 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 formation of topping signals the targets will be 1,5860/80, 1,5760/1,5800 and (or) further break-out variant up to 1,5700/20, 1,5580/1,5620. The alternative for buyers will above 1,6100 with the targets of 1,6160/80, 1,6260/1,6300.

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  JPY

The pre-planned break-out variant for sales was implemented with the achievement of minimal estimated targets. OsMA trend indicator, having marked close activity parity of both parties and does not clarify the choice of planning priorities for today. Nevertheless, considering probability of the preservation of the current tendency as well as ascending direction of indicator chart we can assume probability of another rate return to close 89,80/90,00 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 89,20/40, 88,60/80, 88,00/20 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 90,60 with the targets of 91,00/20, 91,60/80, 92,20/40.

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  EUR

The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked relative bearish activity progress and gives grounds to support sales planning priorities for today. On the assumption of it as well as considering current bearish activity cycle we can suppose probability of rate return to close 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 sales on condition of the formation of topping signals the targets will be 1,4560/80 and (or) further break-out variant up to 1,4500/20, 1,4440/60. The alternative variant for buyers will be above 1,4720 with the targets of 1,4760/80, 1,4820/40.

Category: Technical Analysis | Added by: forex-market (2009-09-28)
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