Instaforex

Wednesday, September 24, 2008

Technical analysis for September 24, 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-supposed key resistance range test was confirmed with the conditions for the pre-planned sells positions realization. OsMA trend indicator, having marked the general activity parity of both parties with the signs of bearish reverse signal formation gives reasons for assumptions about the range rate movement in the close outlook and the possible current price position near the side channel upper boundary.
Hence for open short positions the targets will be 1.0800/20, 1.0720/40, 1.0660/80 and further breakout variant up to 1.0600/20, 1.0520/40, 1.0440/60.
The alternative for buyers will be above 1.0940 with targets 1.0980/1.1000, 1.1040/60, 1.1100/20.
GBP
The pre-planned buying positions from the key support ranges were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the activity fall of both parties but with the preservation of minimal bearish advantage brings definiteness concerning the choice of planning priorities for today, but gives reasons for assumptions about the outlook of rate range movement in the near outlook. Hence we assume the possibility of another close 1.8460/80 supports test, 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 sell positions from the key support range were realized with attainment of minimal assumed target. OsMA trend indicator, having marked the activity fall of both parties as the sign of indefiniteness in the choice of planning priorities gives reasons for assumptions about the further rate range movement in the near outlook. Hence we assume the possibility of range 105.90/106.00 resistance test, 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 105.50/60, 105.00/20, 104.60/80 and/or further breakout variant up to 104.00/20, 103.40/60.
An alternative for buys will be above 106.60 with targets 107.00/20, 107.60/80, 108.00/20.
EUR
The pre-supposed key support ranges test was confirmed with conditions for the realization of the pre-planned buying positions. OsMA trend indicator, having marked the general close activity parity of both parties gives reasons to assume the outlook of range rate movement and “supports” the preservation of buying positions but with targets limited at the current week top. Hence and considering the ascending direction of indicator chart for open long positions the targets will be 1.4720/40, 1.4780/1.4800, 1.4860/80 and further breakout variant above 1.4900 with targets 1.4940/60, 1.5000/20.
The alternative for sells will be below 1.4600 with targets 1.4520/40, 1.4440/60, 1.4360/80.
 
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