Instaforex

Friday, September 26, 2008

Technical analysis for September 25, 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 sell from key resistance range were realized with attainment of minimal assumed target. OsMA trend indicator, having preserved the activity parity of both parties at relatively low level continues supporting the version of possible range movement without definiteness in the choice of planning priorities for today. Hence we assume the possibility of close 1.0960/80 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 1.0900/20, 1.0840/60, 1.0780/1.0800 and/or further breakout variant up to 1.0720/40, 1.0660/80, 1.0600/20, 1.0520/40.
An alternative for buyers will be above 1.1020 with targets 1.1060/80, 1.1120/40, 1.1180/1.1200.
GBP
The pre-planned breakout variant for sells was realized with overlap of minimal assumed target. OsMA trend indicator, having marked the relative bearish activity rise gives reasons for assumptions about incompleteness of rate correction period but considering preservation of general bullish rate direction we assume the possibility of attainment lower boundary supports of Ichimoku cloud at 1.8220/40, 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 1.8280/1.8300, 1.8360/80, 1.8440/60, 1.8500/20 and/or further breakout variant up to 1.8580/1.8600, 1.8660/80, 1.8700/20.
An alternative for sells will be below 1.8160 with targets 1.8100/20, 1.8020/40, 1.7920/40, 1.7800/20.
JPY
The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked relative activity rise of both parties did not have the signs of definiteness in the choice of planning priorities for today. Hence as before we assume the possibility of range rate movement at the moment considering the descending direction of indicator chart, there is logic in expecting the pair return to 105.20/30 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 105.70/90, 106.10/20 and/or further breakout variant up to 106.60/80, 107.20/40, 107.80/108.00.
An alternative for sells will be below 104.80 with targets 104.20/40, 103.60/80.
EUR
The pre-planned buying positions from key supports were realized with attainment of minimal assumed target. OsMA trend indicator, having marked the low activity level preservation of both parties continues supporting the case of rate movement development without definiteness in the choice of planning priorities but with the risk of abrupt situation change in favor of one of the parties. Hence targeting at rate risks decrease we assume the possibility of the more strength support ranges test at 1.45/20, 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 1.4580/1.4600, 1.4660/80, 1.4760/80 and/or further breakout variant above 1.4800 with targets 1.4840/60, 1.4900/20, 1.4980/1.5000.
An alternative for sells will be below 1.4460 with targets 1.4400/20, 1.4320/40, 1.4240/60, 1.4200/20.
 
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