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Main » Articles » Technical Analysis

Technical analysis for September 30 , 2009

CHF

The estimated test of key supports for the implementation of pre-planned buying positions has not been confirmed but further rate rise marked the sign of rate overbought with further reaction of relative sales activity rise that gives grounds to suppose further rate fall without clarifying the choice of planning priorities for today. On the assumption of it, we can assume probability of the achievement of channel line «1» at 1,0300/20 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 buying positions on condition of the formation of topping signals the targets will be 1,0360/80, 1,0420/40 and (or) further break-out variant up to 1,04280/1,0500, 1,0540/60. The alternative for sales will be below 1,0260 with the targets of 1,0200/20, 1,0140/60, 1,0080/1,0100.

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  GBP

Short positions opened before had positive result of overlap of minimal estimated target. OsMA trend indicator, having marked strengthening of sign of rate overbought without sufficient level of bearish resistance does not gives grounds to choose planning priorities for today. Nevertheless, considering preservation of minimal bullish party priority we can assume probability of the achievement of Ichimoku cloud borders at 1,6060/80 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 toping signals the targets will be 1,6000/20, 1,5880/1,6020 and (or) further break-out variant up to 1,5820/40, 1,5760/80. The alternative for buyers will be above 1,6140 with the targets of 1,6180/1,6200, 1,6240/60, 1,6300/20.

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  JPY

Short positions opened and saved before had positive result in the achievement of minimal estimated target. OsMA trend indicator, having marked relative sales activity rise as a confirmative factor of formation of topping bearish signal gives grounds to keep bearish planning priorities for today. On the assumption of it as well as of the current sales activity cycle we can assume probability of rate return to close 89,80/90 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-time 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 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 break out variant for sales was implemented but with loss of several points in the achievement of minimal estimated targets. OsMA trend indicator, having marked in general outlook the tendency of bullish activity strengthening against the background of sales activity fall and gives grounds to suppose further rate correction period but with the preservation of bearish party priorities for planning of trading operations for today. On the assumption of it we can assume probability of the achievement of Ichimoku cloud borders at 1,4680/1,4700 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 1,4620/40, 1,4560/80, 1,4500/20 and (or) further break-out variant up to 1,4440/60, 1,4380/1,4400. 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 (2009-09-30)
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