Instaforex

Wednesday, August 6, 2008

Technical analysis for August 06, 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 buys have been realized with attainment of minimal targets. OsMA trend indicator marks the rising bearish strength with general direction on the chart can bring to a test of bottom channel boundary. The targets for sells will be 1.0455/75, 1.0420. An alternative for buyers will be 1.0550/70.

GBP - Screenshot
The pre-planned short positions have not been attained. In spite of considerable bullish strength pair turned to sideway direction that does not give planning priorities for today. So we can presume a test of bottom channel boundary that is a resistance level. The breakout variant for buyers is 1.9650/70. An alternative for sells is 1.9520/40.

JPY - Screenshot
The pre-planned variants for buyers have been realized with overlap of minimal targets. At this moment OsMA trend indicator shows the divergence with the chart that can bring to a rebound up to bottom channel boundary. Hence before opening trading positions it is necessary to take a support from the charts of shorter time interval. The targets for sells will be 107.90/108.10, 107.40. An alternative for buyers will be 108.70/90.

EUR - Screenshot
The pre-planned short positions have not been attained and pair continues to trade between channel boundaries. OsMA trend indicator shows the high bullish activity so the test of upper channel boundary is very possible, where it is recommended to evaluate further activity of both parties using the charts of shorter time intervals. The targets for sells will be 1.5450, 1.5400/20.
 
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