Instaforex

Thursday, September 11, 2008

Technical analysis for September 11, 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 assumed targets. OsMA trend indicator, having marked relative bullish activity rise gives reasons to support buying planning priorities for today as well, but considering the general situation of approximate activity equality of both parties as a sign of possible range movement of the rate we assume the possibility of pair return to the upper Ichimoku cloud boundary at 1.1260/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 1.1320/40, 1.1380/1.1400 and/or further breakout variant above 1.1420 with targets 1.1460/80, 1.1520/40, 1.1580/1.1600. An alternative for sells will be below 1.1180 with targets 1.1120/40, 1.1040/60, 1.1000/20.
GBP
The pre-planned breakout variant for sells was realized with attainment of minimal assumed target. OsMA trend indicator, having marked low activity level of both parties without definiteness in choosing planning priorities gives reasons for presuppositions about possible range movement of the rate in a short-term future. Hence we assume the possibility of another pair return to 1.7640/60, 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 1.7580/1.7600, 1.7500/20, 1.7440/60 and/or further breakout variant up to 1.7380/1.7400, 1.7300/20, 1.7240/60. An alternative for buyers will be above 1.7740 with targets 1.7780/1.7800, 1.7860/80, 1.7920/40.
JPY
The presumed test of key resistance levels for realization of pre-planned short-term positions was not confirmed as well as any of earlier made up conditions of trading plan. OsMA trend indicator, having marked activity parity of both parties gives reasons to presume range rate movement and preservation of earlier composed trading plans with no significant changes. We still assume the possibility of attainment of resistance levels 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
The pre-planned breakout variant for sells was realized with overlap of minimal assumed target. OsMA trend indicator, having marked relative bearish activity rise gives reasons to support bearish planning priorities for today. Hence and considering rising direction of indicator chart we assume the possibility of pair return to ranges of Kijun-Sen and Tenkan-sen of Ichimoku indicator at 1.4060/80, 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 1.4000/20, 1.3940/60, 1.3900/20 and/or further breakout variant up to1.3840/60, 1.3780/1.3800. An alternative for sells will be above 1.4120 with targets 1.4160/80, 1.4200/20.
 
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