Instaforex

Friday, August 15, 2008

Technical analysis for August 15, 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
The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the relative rise of buyers’ activity continues to support bullish choice in planning priorities for today. Hence and taking into account the descending direction of indicator chart, we assume a possibility of pair return to supports 1.0910/30, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buyers’ positions on condition of formation of topping signals the targets will be 1.0970/90, 1.1010/30 and/or further breakout variant up to 1.1070/90, 1.110/30. An alternative for sells will be below 1.0840 with the targets 1.0780/1.0800, 1.0710/30.

GBP
The pre-planned short positions from the key resistance range have been realized with overlap of minimal assumed target. OsMA trend indicator having marked the preservation of minimal potential of bullish counteraction gives grounds to presume further period of rate correction for which the nearest resistance range will be 1.8700/20, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.8640/60, 1.8580/1.8600 and/or further breakout variant up to 1.8520/40, 1.8460/80, 1.8400/20. An alternative for buyers will be above 1.8860 with the targets 1.8900/20, 1.8960/80.
JPY
The assumed test of the key supports for realization of the pre-planned buyers’ positions has not been confirmed and the expected rate rise has revealed the features of overbought factor that is a negative fact for immediate opening of buyers’ positions. Hence having presumed a possibility of rate correction, we assume pair return to supports below trend line “1” at 109.60/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For buyers’ positions on condition of formation of topping signals the targets will be 110.20/40 and/or further breakout variant above 110.60 with the targets 111.00/20, 111.60/80, 112.40/60, 112.80/113.00. An alternative for sells will be below 109.00 with the targets 108.40/60, 108.00/20.

EUR
The pre-planned breakout variant for sells has been realized and the attainment of assumed targets is being supported by the relative rise of bearish activity revealed by OsMA indicator at the break of key supports. At present taking into account the incompletion of bullish counteraction to reduce trading risks, we assume a possibility of pair return to resistance range 1.4860/80, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.4800/20, 1.4740/60, 1.4680/1.4700 and/or further breakout variant up to 1.4620/40, 1.4540/60, 1.4480/1.4500. An alternative for buyers will be above 1.4940 with the targets 1.4980/1.5000, 1.5040/60.
 
cms forex,forex demo account,trading currencies,credit brokers,forex markets,fx trading,forex futures,currency trading,online trading,forex demo,discount broker,trade broker,online broker,global forex trading,forex trading platforms,stock trading,global forex,forex dealing,forex investing,forex investments,forex account,broker list,forex uk,forex com,forex options,forex exchange,forex trades,forex trading,forex brokerage,forex trading online