Instaforex

Wednesday, September 3, 2008

Technical analysis for September 03, 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 priority in the activity development of bullish party nevertheless as the negative moment displayed relatively high level of bearish resistance that is following the chosen strategy has a meaning as a negative factor in relation to the prospect of rate increase. Hence, and with the purpose of decreasing trade risks we assume a possibility of pair return to the supports 1.1080/1, 1100 where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 1.1140/60, 1.1190/1.1210 and/or further breakout variant up to 1.1250/70, 1.1300/20. An alternative for sells will be below 1.1050 with the targets 1.0990/1.1010, 1.0920/40.
GBP
The pre-planned breakout variant for sells has been realized with attainment of basic assumed targets. OsMA trend indicator having marked the preservation of relatively low activity level of both parties with minimal priority in bullish resistance lowers essentially the prospect of an essential rate decrease in the near future. Hence aiming at the decrease of trade risks we presuppose the possibility of pair return to the points of resistance levels 1.7800/20, 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 1.7720/40, 1.7660/80 and/or further breakout variant up to 1.7600/20, 1.7520/60, 1.7440/60. An alternative for buyers will be above 1.7920 with the targets 1.7960/80, 1.8020/40, 1.8080/1.8100.
JPY
The pre-planned breakout variant for buyers has been realized with attainment of minimal assumed target. OsMA trend indicator having marked the priority in activity of bullish party continues supporting the choice of buyers’ priorities of planning for today as well. Hence we presuppose the possibility of insignificant rate correction with pair return to supports 108.60/70, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buyers’ positions on condition of formation of topping signals the targets will be 109.00/10, 109.40/50 and/or further breakout variant up to 109.90/110/00, 110.40/60. An alternative for sells will be below 108.40 with targets 108.00/10, 107.60/70
EUR
At 1.4480/1, 4500 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 1.4420/40, 1.4380/1, 4400 and further breakout variant up to 1.4320/40, 1.4280/1, 4300. An alternative for sells will be above 1.4550 with the targets 1.4590/1, 4610.
 
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