Instaforex

Friday, September 5, 2008

Technical analysis for September 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
Time: 1 Hour

CHF
The pre-planned breakout variant for buyers was realized with attainment of minimal presupposed target. OsMA trend indicator having marked vagueness of bullish development with general bearish party advantage is not clear concerning certain choice of planning priorities for today. Hence in the current situation according to the chosen strategy we presuppose the possibility of cross range movement with rate return to 1.1010/30 supports, 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 1.1070/90, 1.1140/60, 1.1190/1.1210 and/or further breakout variant up to 1.1250/70, 1.1300/20. An alternative for buyers will be below 1.0960 with targets 1.0900/20, 1.0840/60.
GBP
The pre-planned sales from key resistance level range were realized with attainment of basic presupposed targets. OsMA trend indicator having marked relative rise in bearish activity gives reasons to stick to early chosen planning priorities for today as well. Hence taking into account rising chart indicator position we assume the possibility of reaching 1.7690/1.7710 range resistance levels, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.7610/30, 1.7540/60, 1.7480/1.7500 and/or further breakout variant up to 1.7420/40, 1.7340/60, 1.7260/80. An alternative for buyers will be above 1.7760 with targets 1.7720/40, 1.7800/20.
JPY
The pre-planned positions for sale from key resistance level range were realized with overlap of presupposed targets. OsMA trend indicator having marked essential rise in bearish activity confirms the early chosen bearish planning priorities for today as well. Hence and rising direction of chart indicator we presuppose the possibility of pair return to 107.20/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sales on condition of formation of topping signals the targets will be 106.60/80, 106.00/20, 105.60/80 and/or further breakout variant up to 105.00/20, 104.40/60, 103.80/104.00. An alternative for buyers will be above 107.80 with targets 108.20/40, 108.80/109.00.
EUR
The pre-planned breakout variant for sales was realized with overlap of assumed targets. OsMA trend indicator having marked significant increase in bearish activity gives reasons to turn priorities of planning in favor of sales. At the moment taking into account the rising chart indicator position we presuppose pair return to resistance range 1.4370/90, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sales on condition of formation of topping signals the targets will be 1.310/30, 1.4250/70 and/or further breakout variant to 1.4190/1.4210, 1.4120/40. An alternative for sells will be below 1.4440 with targets 1.4480/1.4500, 1.4540/60, 1.4600/20.
 
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