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Main » Articles » Technical Analysis

Technical analysis for September 29 , 2009

CHF

The estimated test of key supports was confirmed but relative sales activity growth marked by OsMA trend indicator did not incline to the implementation of pre-planned buying positions. At the moment, evaluating the general outlook favouring to bullish party with suppositions of rate correction period incompleteness we can assume probability of another rate return to Senoku Span B of indicator Ichimoku at 1,0280/300 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 1,0340/60, 1,0420/40, 1,0480/1,0500 and (or) further break-out variant up to 1,0540/60, 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 estimated test of key resistance range levels was confirmed with conditions for the implementation of pre-planned short positions. OsMA trend indicator, having marked sign of formation of topping bearish signal as well as preservation of activity parity of both parties and give grounds for the preservation of opened sales with the targets of 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 estimated test of key resistance range levels was confirmed with conditions for the implementation of pre-planned short positions. OsMA trend indicator, having marked preservation of activity parity of both parties as well as current cycle of bearish activity and gives grounds for the preservation of opened sales with the targets of 89,20/40, 88,60/80, 88,00/20 and (or) further break-out variant up to 87,40/60, 86,80/87,00. 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 but with loss of several points in the achievement of minimal estimated targets. OsMA trend indicator, having marked in general outlook activity fall of both parties and does not clarify the choice of planning priorities for today. Therefore, considering suppositions of further rate range movement, as well as ascending direction of indicator chart we can assume probability of another test of 1,4660/80 resistance range 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 1,4600/20, 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 1,4740 with the targets of 1,4780/1,4800, 1,4840/60.

Category: Technical Analysis | Added by: forex-market (2009-09-29)
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