Instaforex

Thursday, September 18, 2008

Technical analysis for September 18, 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 earlier opened long positions attained the assumed targets as well as the realized breakout variant for sells. OsMA trend indicator, having marked the bearish activity priority gives reasons for the preservation of sells planning priorities for today as well. At the moment considering the ascending indicator chart we assume the possibility of pair return to 1.1040/60 resistance range, 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 1.0980/1.1000 and/or further breakout variant below 1.0960 with targets 1.0900/20, 1.0840/60.
An alternative for buyers will be above 1.1130 with targets 1.1170/90, 1.1220/40.
GBP
The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having marked the high bullish activity development gives reasons to choose buying planning priorities for today. Hence and considering the descending indicator chart we assume the possibility of pair return at 1.8120/40 support range, 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 1.8180/1.8200, 1.8240/60 and/or further breakout variant up to 1.8300/20, 1.8380/1.8400, 1.8440/60, 1.8500/20.
An alternative for sells will be below 1.8060 with targets 1.8000/20, 1.7930/50, 1.7870/90.
JPY
The pre-planned breakout variant for sells was realized with attainment of minimal assumed target. OsMA trend indicator, having marked the formation of bullish reversal signal with the preservation of bullish activity advantage gives reasons for assumptions of pair return to the bottom of Ichimoku cloud at 105.00/20, 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 104.40/60, 103.80/104.00, 103.20/40 and/or further breakout variant up to 102.60/80, 102.00/20.
An alternative for buyers will be above 105.80 with targets 106.20/40, 106.80/107.00.
EUR
The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked the bullish activity progress gives reasons for choosing buying planning priorities for today. Hence and considering the descending indicator chart we assume the possibility of pair return to the top of Ichimoku cloud at 1.4240/60, 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 1.4400/20, 1.4460/80 and/or further breakout variant up to 1.4520/40, 1.4580/1.4600.
An alternative for sells will be below 1.4160 with targets 1.4100/20, 1.4040/60, 1.4000/20.
 
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