Instaforex

Monday, September 29, 2008

Technical analysis for September 29, 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 but marked by OsMA trend indicator minimal bullish advantage is not a positive signal for the realization of the pre-planed positions for sell. At the moment considering the general situation of relatively low both parties activity and the chosen strategy there is no definiteness in the choice of planning priorities for today. Hence considering the assumption of the low possibility of trend rate movement we assume the test of close 1.1050/70 resistance range, 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 1.0990/1.1010, 1.0910/30, 1.0860/80 and/or further breakout variant up to 1.0800/20, 1.0740/60, 1.0680/1.0700.
An alternative for buyers will be above 1.1120 with targets 1.1160/80, 1.1240/60, 1.1280/1.1300.
GBP
The last trading day due to the low activity of both parties was not eventful and few assumed conditions were realized for the attainment of earlier trading planes. At the moment considering the situation without changes but with minimal advantage of bearish party as before there are not enough reasons for the choice of planning priorities for today. Hence considering the signs of pair oversold we assume the possibility of pair return to the bottom of Ichimoku cloud at 1.8270/90, 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 1.8200/20, 1.8120/40, 1.8060/80 and/or further breakout variant up to 1.8000/20, 1.7940/60, 1.7860/80, 1.7800/20.
An alternative for buyers will be above 1.8360 with 1.8400/20, 1.8460/80, 1.8500/20.
JPY
The pre-planned buying positions from the key support range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the preservation of both parties activity parity gives reasons as before for assumption about further range rate movement without definiteness in the choice of planning priorities for today and with the preservation of earlier trading planes practically unchanged. We assume one more 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 breakout variant for sells was realized and attainment of assumed targets is “supported” by the current bearish position of OsMA trend indicator chart. At the moment considering the present technical situation and the preservation of both parties close activity parity we assume the possibility of further rate range movement without definiteness in the choice of planning priorities for today. Hence, we assume the possibility of pair return to the bottom of Ichimoku cloud at 1.4500/20, 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 1.4440/60, 1.4380/1.4400 and/or further breakout variant up to 1.4320/40, 1.4260/80, 1.4200/20.
An alternative for buyers will be above 1.4540 with targets 1.4580/1.4600, 1.4660/80, 1.4700/20.
 
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