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Main » Articles » Technical Analysis

Technical (forecast) analysis for October 15 , 2009

CHF

The pre-planned break-out variant for sales was implemented with the achievement of minimal estimated target. OsMA trend indicator having marked activity fall of both parties formally does not clarify the choice of planning priorities for today. But, considering the principle of probable preservation of the current tendency we can assume probability of rate return to close 1,0140/60 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 1,0080/1,0100 and (or) further break-out variant up to 1,0020/40, 0,9960/80, 0,9900/20. The alternative for buyers will be above 1,0220 with the targets of 1,0260/80, 1,0320/40.

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  GBP

The pre-planned break-out variant for buyers was implemented but with loss of several points in the achievement of minimal estimated targets. OsMA trend indicator having marked signs of rate overbought and considerably reduces perspective of expectations concerning immediate further considerable rate rise and more importantly in these cases there are risks of sharp changing of technical outlook favouring to sales. Therefore, keeping to the principles of probable preservation of the current tendency we can assume probability of rate return to close 1,6000/20 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 formation of topping signals the targets will be 1,6060/80, 1,6120/40 and (or) further break-out variant up to 1,6180/1,6200, 1,6240/60. The alternative for sales will be below 1,5840 with the targets of 1,5780/1,5800, 1,5720/40, 1,5680/1,5700.

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  JPY

Short positions opened before had no positive result in the achievement of estimated targets. OsMA trend indicator having marked as a result of previous trading day relative bullish activity does not clarify the choice of planning priorities for today. Therefore, considering the suppositions of rate range movement we can assume probability of the achievement of 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 and (or) further break-out variant up to 88,00/20, 87,40/60, 87,00/20. The alternative for buyers will be above 90,40 with the targets of 90,80/91,00, 91,40/60.

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  EUR

The pre-planned break-out variant for buyers was implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties as it was before does not clarify the choice of planning priorities because of the risk of sharp changing of technical outlook favouring to one of any parties. Therefore, keeping to the principle of probable preservation of the current tendency we can assume probability of rate return to close 1,4910/20 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 1,4960/80, 1,5000/20 and (or) further break-out variant up to 1,5060/80, 1,5140/60, 1,5200/20. The alternative for sales will be below 1,4860 with the targets of 1,4800/20, 1,420/40, 1,4660/80.

Category: Technical Analysis | Added by: forex-market (2009-10-15)
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