Instaforex

Wednesday, September 10, 2008

Technical analysis for September 10, 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
At 1.1200/20 it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.1260/80 and/or further breakout variant up to 1.1320/40, 1.1370/90. An alternative for sells will be below 1.1160 with targets 1.1100/20, 1.1040/60, 1.1000/20.
GBP
The pre-planned short positions from the key resistance range were realized with attainment of minimal presumed target. OsMA trend indicator, having marked the activity fall of both parties does not provide definiteness in choice of planning priorities for today, but considering a preservation of minimal short-term bullish advantage as well as trend direction of rate movement inside the descending trade channel we assume a possibility of levels test by the limited Kijun-Sen signal of Ichimoku indicator at 1.7720/40, 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 1.7640/60, 1.7560/80 and/or further breakout variant up to 1.7480/1.7500, 1.7400/20, 1.7340/60, 1.7280/1.7300. An alternative for buyers will be above 1.7820 with targets 1.7860/80, 1.7940/60.
JPY
The pre-planned breakout variant for sells was realized but with a loss of several points in attainment of minimal presumed target. OsMA trend indicator, having marked the low activity level of both parties gives reasons to presume a possibility of range movement of the rate without definiteness in choice of planning priorities for today. Hence considering the factor of ascending direction of indicator chart with a preservation of minimal bullish activity, we presume a possibility of pair return to resistance range 108.00/20, 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 107.40/60, 106.60/80 and/or further breakout variant up to 106.00/20, 105.60/80. An alternative for buyers will be above 108.40 with targets 108.80/109.00
EUR
At 1.4240/60 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 1.4180/1.4200, 1.4120/40, 1.4040/60 and/or further breakout variant up to 1.3980/1.4000, 1.3900/20, 1.3840/60. An alternative for buyers will be above 1.4350 with targets 1.4390/1.4410, 1.4440/60.
 
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