Instaforex

Tuesday, August 5, 2008

Technical analysis for August 05, 2008

Indicators:
Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120

CHF - Screenshot
The pre-planned sells have been realized with attainment of minimal assumed targets. OsMA trend indicator shows the reduction of bullish power which touches on the financial instrument. In this case we may presume a test of upper boundary of the channel. The targets for buyers will be 1.0550/70. An alternative for sells is 1.0440/60.

GBP - Screenshot
The pre-planned sells have been realized with overlap of maximal targets because of break of support range. At this point taking into account the descending direction OsMA trend indicator marks the activity fall of both parties that can bring to further sideway movement or a test of bottom boundary of the channel which is also a support. In this case we should evaluate further development of the parties on the charts and indicators of shorter time interval. The targets for sells will be 1.9490/1.9510. An alternative for buyers will be 1.9610/30 with a breakout variant at 1.9710.

JPY - Screenshot
The pre-planned variants for buyers have been realized with overlap of minimal targets because of break of upper boundary of Ishimoku cloud. After this pair has returned to mentioned cloud. At this point taking into account the direction of the chart with strong power of bears, we assume a test of lower boundary of the cloud. In this case false breaks are very possible. The targets for sells will be 107.40/60 with further breakout variant 106.80/107.00. An alternative for buyers will be 108.20.

EUR - Screenshot
The pre-planned short positions have been realized with attainment of minimal short-term targets. At this point pair has been testing support 1.5525 for the third time. OsMA trend indicator shows the fall of bearish power that indicates to possible rebound up to resistance range. Actually pair is trading between channel boundaries and abovementioned level that can bring a break of any limitation. Only after that we may evaluate further development of parties’ activity on the charts of shorter time intervals. False breaks are very possible in this situation. The targets for buyers will be 1.5590/1.5610 with the targets 1.5650/70. The targets for sells will be 1.5500/10, 1.5350/80.
 
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