Instaforex

Monday, September 22, 2008

Technical analysis for September 22, 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 overlap of minimal assumed target. OsMA trend indicator, having marked near activity parity of both parties but with the minimal bearish party advantage gives reasons for sells planning priority for today. Hence and considering the ascending indicator chart we assume the possibility of pair return to the bottom of Ichimoku cloud at 1.1060/80, 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 1.1000/20, 1.0940/60 and/or further breakout variant up to 1.0880/1.0900, 1.0820/40.
An alternative for buyers will be above 1.1140 with targets 1.1180/1.1200, 1.1260/80.
GBP
The pre-planned buying positions from key support range were realized with overlap of assumed targets. OsMA trend indicator, having marked the preservation of bullish activity advantage gives reasons for the preservation of buying priorities for today as well. Hence and considering the descending indicator chart we assume the possibility of pair return to 1.8160/80, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For buyers on condition of formation of topping signals the targets will be 1.8240/60, 1.8300/20, 1.8380/1.8400 and/or further breakout variant up to 1.8460/80, 1.8520/40, 1.8600/20, 1.8660/80.
An alternative for sells will be below 1.8100 with targets 1.8020/40, 1.7960/80, 1.7900/20, 1.7840/60.
JPY
The pre-supposed rate rise development was confirmed but without pair return to key supports for the realization of trading planes in the priority direction. OsMA trend indicator, having marked the relative bearish resistance rise gives reasons for assumptions about the rate correction continuation but with the preservation of buying planning priorities for today as well. Hence we assume the attainment of Ichimoku cloud top at 106.00/20 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 106.60/80, 107.20/40 and/or further breakout variant up to 107.80/108.00, 108.40/60, 109.00/20.
An alternative for sells will be below 105.40 with targets 104.80/105.00, 104.20/40, 103.60/80.
EUR
The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having marked the general parity activity of both parties but with the signs of minimal advantage in bullish activity gives reasons for choosing buying planning priorities for today, but after the rate correction completion at key support ranges 1.4380/1.4400, 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 1.4440/60, 1.4500/20, 1.4560/80 and/or further breakout variant above 1.4600 with targets 1.4640/60, 1.4700/20, 1.4780/1.4800.
An alternative for sells will be below 1.4300 with targets 1.4240/60, 1.4160/80, 1.4100/20, 1.4060/80.
 
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