Instaforex

Wednesday, October 1, 2008

Technical analysis for October 01, 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 buyers was realized with attainment of basic assumed targets. OsMA trend indicator, having marked the considerable bearish activity rise gives reasons for buying planning priorities for today. Hence and considering the descending direction of indicator chart we assume the possibility of pair return to 1.1120/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For buying positions on condition of formation of topping signals the targets will be 1.1180/1.1200, 1.1260/80, 1.1300/20 and/or further breakout variant up to 1.1360/80, 1.1400/20.
An alternative for sells will be below 1.0080 with targets 1.1020/40, 1.0960/80.
GBP
The pre-planned breakout variant for sells was realized with the attainment of basic assumed targets. OsMA trend indicator despite the signs of pair oversold, having marked the relatively high bearish activity level gives reasons for the preservation of sells planning priorities for today as well. Hence and considering the bullish sign of the indicator chart we assume the possibility of pair return to 1.7860/80 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 1.7800/20, 1.7740/60, 1.7680/1.7700 and/or further breakout variant up to 1.7600/20, 1.7520/40, 1.7440/60.
An alternative for buyers will be above 1.8000 with targets 1.8060/80, 1.8120/40, 1.8200/20, 1.8280/1.8300.
JPY
The pre-planned breakout variant for buyers was realized with overlap of minimal assumed target. OsMA trend indicator, having marked the high level of bullish activity development but within the bearish activity parity considering the chosen strategy we have reasons for the assumptions for the prospects of rate range without definiteness in the choice of planning priorities for today. Hence considering the slight sign of the possible bullish development incompleteness we assume the possibility of pair return to the close 105.30/50 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 105.90/106.10, 106.60/80, 107.00/20 and/or further breakout variant up to 107.60/80, 108.00/20.
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 with overlap of assumed targets. OsMA trend indicator, having marked the essential bearish activity rise gives the obvious reasons for the choice of corresponding planning priorities for today. Hence and considering the bearish sign of indicator chart we assume the possibility of pair return to 1.4140/60 range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 1.4060/80, 1.4000/20 and/or further breakout variant up to 1.3940/60, 1.3880/1.3900, 1.3800/20.
An alternative for buyers will be above 1.4260 with targets 1.4300/20, 1.4360/80, 1.4420/40.
 
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