Instaforex

Monday, September 15, 2008

Technical analysis for September 15, 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 sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked the essential bearish activity rise gives reasons to choose sell planning priorities for today. Hence considering the ascending direction of indicator chart we assume the possibility of pair return to the bottom of Ichimoku cloud in 1.1190/1.1210, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 1.1110/30, 1.1040/60 and/or further breakout variant up to 1.0980/1.1000, 1.0920/40.
An alternative for buyers will be above 1.1240 with targets 1.1280/1.1300, 1.1340/60.
GBP
The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having marked the signs of pair overbought but with the preservation of the displayed bullish activity advantage at the break of key resistance range gives reasons to choose buying planning priorities for today. Hence, and considering the descending direction of indicator chart we assume the possibility of pair return to support ranges 1.7960/80, where 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 1.8020/40, 1.8080/1.8100, 18120+40 and/or further breakout variant up to 1.8180/1.8200, 1.8260/80, 1.8300/20.
An alternative for sells will be below 1.7900 with targets 1.7820/40, 1.7760/80, 1.7720/40.
JPY
The pre-planned breakout variant for sells was realized with overlap of assumed targets. OsMA trend indicator, having marked the essential bearish activity rise gives reasons as before for bearish planning priorities preservation for today as well. Hence and considering the bullish reversal pattern of indicator chart we assume the possibility of pair return to the near resistance range 106.60/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 106.00/20, 105.20/40, 104.80/105.00 and/or further breakout variant up to 104.20/40, 103.60/80, 103.00/20.
An alternative for buyers will be above 107.40 with targets 107.80/108.00, 108.40/60, 108.80/109.00.
EUR
The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having market bullish activity advantage at the break of the key support range continues on the short-term basis supporting the buying planning priorities for today as well. Hence, and considering descending direction of indicator chart we assume the possibility of pair return to 1.4280/1.4300, where 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 1.4360/80, 1.4440/60, 1.4480/1.4500 and/or further breakout variant up to 1.4560/80, 1.4620/40, 1.4680/1.4700.
An alternative for sells will be below 1.4260 with targets 1.4200/20, 1.4140/60.
 
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