Instaforex

Monday, August 25, 2008

Technical analysis for August 25, 2008

Indicators: Moving Average 34, Simple, Median Price HL/2
Moving Average of Oscillator 12,26,9 Close
Ichimoku Kinko Hyo 24,60,120
Time: 1 Hour

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 within the activity parity of both parties does not bring in clearness to a choice of planning priorities for today but because of chosen strategy it gives grounds to presume possible range movement of the rate in a medium-term future. Hence and because of descending direction of indicator chart with the features of overbought factor, we assume a possibility of rate return to supports, being limited by Senkou Span at 1.0950/70, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.1010/30, 1.1060/80 and/or further breakout variant above 1.1100 with the targets 1.1140/60, 1.1200/20. An alternative for sells will be below 1.0900 with the targets 1.0840/60, 1.0800/20.
GBP
The pre-planned breakout variant for sells has been realized with overlap of assumed targets. OsMA trend indicator having marked the high level of bearish activity at the break of key supports because of chosen strategy gives grounds to choose corresponding planning priorities for today. Hence and taking into account the oversold factor with ascending direction of indicator chart, we assume a possibility of pair return to Senkou Span line of Ichimoku indicator at 1.8540/60, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.8460/80, 1.8380/1.8400 and/or further breakout variant up to 1.8320/40, 1.8260/80, 1.8200/20. An alternative for buyers will be above 1.8680 with the targets 1.8730/50, 1.8780/1.8800.
JPY
At 109.60/80 it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 110.20/40, 110.80/111.00 and/or further breakout variant up to 111.40/60, 111.80/112.00. An alternative for sells will be below 109.20 with the targets 108.60/80, 108.00/20.
EUR
The pre-planned breakout variant for sells has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the break of key support with Ichimoku cloud with relative rise of bearish activity but with the features of oversold factor gives grounds to presume a possibility of range movement of the rate without clearness in a choice of planning priorities for today. Hence taking into account the preservation of some bearish potential, we assume a possibility of attainment of supports 1.4640/60, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.4700/20, 1.4760/80, 1.4820/40 and/or further breakout variant up to 1.4880/1.4900, 1.4920/40. An alternative for sells will be below 1.4600 with the targets 1.4540/60, 1.4460/80, 1.4400/20.
 
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