Instaforex

Thursday, October 2, 2008

Technical analysis for October 02, 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 supports test was not confirmed but the expected rate rise displayed the signs of overbought by OsMA indicator version giving reasons for assumptions of rate range movement in the near outlook. Hence we assume the possibility of pair return to close 1.1230/50 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 1.1290/1.1310 and/or further breakout variant above 1.1340 with targets 1.1380/1.1400.
An alternative for sells will be below 1.1140 with targets 1.1060/50, 1.1000/20.
GBP
The pre-planned positions for sell from the key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the activity fall of both parties does not provide definiteness in the choice of planning priorities for today but considering the chosen strategy we have reasons for the priority preservation of the earlier chosen sells for today as well. Hence taking into account assumptions of the possible range rate movement in the near outlook we assume the possibility of pair return to the close 1.7730/50 resistance ranges, 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 1.7650/70, 1.7600/20 and/or further breakout variant below 1.7580 with targets 1.7520/40, 1.7440/60, 1.7380/1.7400.
An alternative for buyers will be above 1.7880 with targets 1.7920/40, 1.7980/1.8000.
JPY
The pre-planned buying positions from the key resistance range were realized with attainment of minimal assumed target. OsMA trend indicator, having marked the activity fall of both parties as a sign of planning priorities unavailability gives reasons for the assumptions about range rate movement in the near outlook. Hence we assume the possibility of another resistance range test at 106.40/60, 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 105.80/106.00, 105.20/40 and/or further breakout variant up to 104.60/80, 104.00/20, 103.60/80.
An alternative for buyers will be above 107.00 with targets 107.40/60, 108.00/20.
EUR
The pre-planned positions for sell from the key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the essential activity fall of both parties nevertheless continues supporting sells planning priority but considering the possible rate range movement in the near outlook. Hence we assume the possibility of pair return to the close 1.4020/40 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 1.3940/60, 1.3860/80 and/or further breakout variant up to 1.3800/20, 1.3740/60, 1.3680/1.3700.
An alternative for buyers will be above 1.4160 with targets 1.4200/20, 1.4260/80.
 
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