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Main » Articles » Technical Analysis

Technical ( forecast ) analysis for October 9 , 2009

  CHF

Short positions opened and saved before had positive result of overlap of minimal estimated target. OsMA trend indicator, having marked relative activity rise of both parties does not clarify the choice of planning priorities for today. Therefore, keeping to the suppositions of rate range movement and considering bullish development incompleteness we can assume probability of the achievement of Senkou Span B line of Ichimoku cloud at 1,0320/40 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 1,0260/80, 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.

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  GBP

The estimated test of key supports for the implementation of pre-planned buying positions has not been confirmed but the estimated rate rise, besides strengthening of rate overbought has also marked relative sales activity rise as a sign of preferences for sales planning for today. On the assumption of it we can assume probability of rate return to close 1,6040/60 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 conditions of formation of topping signals the targets will be 1,5980/1,6000, 1,5920/40 and (or) further break-out variant up to 1,5860/80, 1,5800/20, 1,5740/60. The alternative for buyers will be above 1,6120 with the targets of 1,6160/80, 1,6240/60, 1,6340/80.

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  JPY

The pre-planned break-out variant for buyers was implemented and the achievement of estimated targets is supported by high bullish activity level, marked by OsMA trend indicator at the break of key resistance range levels. Therefore, for opened long positions the targets will be 89,60/80, 90,20/40 and (or) further break-out variant up to 91,80/92,00, 92,40/40. The alternative for sales will be below 88,40 with the targets of 87,80/88,00, 87,20/40.

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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 activity rise of both parties does not clarify the choice of planning priorities for today. Nevertheless, considering rate position above Ichimoku cloud favouring to bullish party as well as the sign of bearish cycle incompleteness we can assume probability of the achievement of Ichimoku cloud 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 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 (2009-10-09)
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