Instaforex

Friday, September 19, 2008

Technical analysis for September 19, 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 positions for sells from the key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the current week Low by the signs of pair overbought with the consequent bullish activity strengthening, gives reasons for the choice of buying planning priorities for today. Hence and considering the indicator chart reversal moment we assume the possibility of pair return to 1.1080/1.1100 supports, 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 1.1140/60, 1.1200/20, 1.1240/60 and/or further breakout variant up to 1.1300/20, 1.1360/80, 1.1400/20.
An alternative for sells will be below 1.1040 with targets 1.0980/1.1000, 1.0920/40, 1.0880/1.0900.
GBP
The pre-planned buying positions from key support ranges were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the renovation of the weekly top by forming reversal bearish signal with the consequent sells activity strengthening, gives reasons for assumptions on rate fall continuation but with preservation of buying planning priorities for today. Hence we assume the possibility of attainment the of Ichimoku cloud top in 1.7900/20, 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 1.7960/80, 1.8040/60 and/or further breakout variant up to 1.8100/20, 1.8180/1.8200, 1.8240/60.
An alternative for sells will be below 1.7840 with targets 1.7780/1.7800, 1.7720/40, 1.7660/80, 1.7580/1.7600, 1.7500/20, 1.7440/60.
JPY
At 106.00/20 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 106.60/80, 107.20/40, 107.80/108.00 and/or further breakout variant up to 108.40/60, 109.00/20, 109.80/110.00, 110.40/60.
An alternative for sells will be below 105.20 with targets 104.60/80, 104.00/20, 103.60/80.
EUR
The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked top renewal within the current week by the reverse bearish signal formation with the consequent confirming sells activity strengthening, gives reasons for the corresponding choice of planning priorities for today. Hence we assume the possibility of short-term pair return to the bottom of Ichimoku cloud at 1.4170/90, 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 1.4110/30, 1.4060/80 and/or further breakout variant up to 1.4000/20, 1.3940/60, 1.3880/1.3900.
An alternative for buyers will be above 1.4260 with targets 1.4300/20, 1.4360/80, 1.4400/20.
 
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