Saturday, 2024-04-20, 2:29 AM
Forex-market
Welcome Guest | RSS
Site menu
Catalog categories
Brokers [2]
Software [14]
Forex for Beginners [86]
Trading Strategy [55]
Trading Systems [10]
Forex Psychology [15]
Forex Signals [11]
Currency trading [50]
Forecast [39]
Funny Forex [2]
Technical Analysis [84]
Other [5]
Forex Technical and Fundamental Forecasts for October 2009 [7]
Forex Technical and Fundamental Forecasts for November 2009 [2]
Scandi daily [20]
FOREX FORECAST 2010 [6]
Main » Articles » Technical Analysis

Technical (forecast) analysis for October 12 , 2009

CHF

The pre-planned short positions were implemented and the achievement of estimated targets is supported by rate dullness according to OsMA trend indicator version and the expectations of confirmative bearish activity development. Therefore, for opened sales, as it was before, the targets will be 1,0260/80, 1,0200/20, 1,0160/80 and (or) further break-out variant up to 1,0100/20, 1,0040/60, 0,9980/1,000. The alternative for buyers will be above 1,0400 with the targets of 1,0440/60, 1,0500/20.

Save Template

  GBP

The pre-planned break-out variant for sales was implemented with the achievement of main estimated targets. OsMA trend having marked bearish activity priority gives grounds to suppose preservation of sales planning priorities for today. Therefore, considering current bullish direction of indicator chart we can assume probability of rate return to Ichimoku cloud border at 1,5900/20 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 conditions of formation of topping signals the targets will be 1,5840/60, 1,5760/80 and (or) further break-out variant up to 1,5700/20, 1,5620/40, 1,5560/80. The alternative for buyers will be above 1,6030 with the targets of 1,6080/1,6100, 1,6460/80, 1,6220/40.

Save Template

  JPY

Long positions opened and preserved before had positive result in the achievement of main estimated targets. OsMA trend indicator having marked in general outlook bullish activity priority gives grounds to preserve buyers direction priority for planning of trading operations for today. On the assumption of it as well as of descending direction of indicator chart we can assume probability of rate return to close 89,60/80 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 90,20/40, 90,80/91,00 and (or) further break-out variant up to 94,40/60, 92,00/20. The alternative for sales will be below 89,00 with the targets of 88,40/60, 87,80/88,00.

Save Template

  EUR

The pre-planned long positions were implemented and the achievement of estimated targets is supported by the formation of topping bullish signal, marked by OsMA trend indicator at testing of key supports marked before. At the present, considering the absence of confirmative activity strengthening of bullish party as it was before, there is still risk of further rate correction period to 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 buying positions on condition of the formation of topping signals the targets will be 1,4740/60, 1,4800/20 and (or) further break-out variant up to 1,4860/80, 1,4920/40, 1,4980/1,5000. The alternative for sales will be below 1,4620 with the targets of 1,4560/80, 1,4500/20.

Category: Technical Analysis | Added by: forex-market (2009-10-12)
Views: 409
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
FOREX SEARCH
Custom Search
Login form
Search
Site friends
Statistics
Copyright MyCorp © 2024