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Main » Articles » Technical Analysis

Technical (forecast) analysis for October 8 , 2009

CHF

The pre-planned short positions from key resistance range levels were implemented and the achievement of pre-planned targets is supported by current bearish activity cycle with the tendency for its strengthening. Therefore, considering the risk of another rate return to 1,0300/20 resistance levels the targets for opened short positions will be 1,0240/60, 1,0160/80 levels 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.

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  GBP

The preplanned break-out variant for buyers has been implemented with overlap of minimal estimated target. OsMA trend indicator, having marked the tendency of bullish activity strengthening gives grounds to prefer buyers positions planning for today. On the assumption of it as well as of the signs of local reversal downside momentum we can assume probability of rate return to Senkou Span B line of Ichimoku indicator 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 buying positions on conditions of formation of topping signals the targets will be 1,6000/20, 1,6060/80, 1,6120/40 and (or) further break-out variant up to 1,6180/1,6200, 1,6240/60, 1,6360/1,6400. The alternative for sales will be below 1,5880 with the targets of 1,5820/40, 1,5760/80, 1,5700/20.

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  JPY

The pre-planned long positions from key supports were implemented with overlap of minimal estimated target. OsMA trend indicator having marked in general outlook bullish development priority gives grounds to support buyers positions planning priority for today. On the assumption of it we can suppose another test of close 88,00/10 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 88,50/60, 89,00/20 and (or) further break-out variant up to 89,60/80, 90,20/40. The alternative for sales will be below 87,60 with the targets of 87,00/20, 86,40/60.

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  EUR

The pre-planned long positions from key supports were implemented with the achievement of minimal and main estimated target. OsMA trend indicator having marked relative bullish activity rise at the break of key resistance level gives grounds to preserve bullish direction priority for planning of trading operations for today. On the assumption of it we can assume probability of rate return to close 1,4710/30 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 1,4770/1,90, 1,4840/60 and (or) further break-out variant up to 1,4900/20, 1,4960/80, 1,5020/40.

Category: Technical Analysis | Added by: forex-market (2009-10-08)
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