Instaforex

Tuesday, September 23, 2008

Technical analysis for September 23, 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 assumed targets. OsMA trend indicator, having marked relatively high bullish activity level but with the signs of pair oversell gives reasons to preserve selling planning priorities but after the rate correction period completion for which the close key support range will be 1.0860/60, 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 1.0800/20, 1.0720/40, 1.0660/80 and/or further breakout variant up to 1.0600/20, 1.0520/40, 1.0440/60.
An alternative for buyers will be above 1.0940 with targets 1.0980/1.1000, 1.1040/60, 1.1100/20.
GBP
The pre-planned breakout variant for buyers was realized with attainment of basic assumed targets. OsMA trend indicator, having marked the activity fall of both parties with the signs of pair overbought gives reasons for bullish planning priorities preservation for today as well, but considering the possible rate correction for which the close key support range will be 1.8460/80, 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 1.8520/40, 1.8580/1.8600, 1.8640/60 and/or further breakout variant up to 1.8700/20, 1.8780/1.8800, 1.8860/80, 1.8940/60.
An alternative for sells will be below 1.8380 with targets 1.8320/40, 1.8260/80, 1.8180/1.8200, 1.8100/20.
JPY
The pre-planned short-term buying positions from key support range were realized with attainment of minimal assumed target. At the moment with the minimal bullish activity advantage and with the fall of bullish resistance level we assume the possibility of pair return to the close resistance range limited at the top of Ichimoku cloud at 105.70/80, 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 105.20/30, 104.60/80 and/or further breakout variant up to 1104.00/20, 103.40/60.
An alternative for buyers will be above 106.20 with targets 106.60/80, 107.20/40, 107.80/108.00.
EUR
The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having marked the current week high attainment by forming bullish reverse signal gives reasons to assume the possible rate correction but with buying planning priorities preservation for today as well. Hence and considering the descending direction of indicator chart we presume the possibility of pair return to close 1.4660/80 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 1.4720/40, 1.4780/1.4800, 1.4860/80 and/or further breakout variant above 1.4900 with targets 1.4940/60, 1.5000/20.
An alternative for sells will be below 1.4600 with targets 1.4520/40, 1.4440/60, 1.4360/80.
 
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