Instaforex

Wednesday, October 22, 2008

Technical analysis for October 22, 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
At 1.1540/60 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 1.1600/20, 1.1660/80, 1.1700/20 and/or further breakout variant up to 1.1760/80, 1.1840/60, 1.1900/20.
An alternative for sells will be below 1.1480 with targets 1.1420/40, 1.1360/80, 1.1300/20.
GBP
The pre-planned breakout variant for sells was realized with overlap of assumed targets. OsMA trend indicator, having marked high bearish activity level continues supporting sells planning priority for today as well. At the moment considering the current period of bearish activity continuation at relatively high level we assume the possibility of slight rate correction with return to close 1.6360/80 resistance levels, 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 1.6300/20, 1.6240/60, 1.6160/80, 1.6100/20 and/or further breakout variant up to 1.6020/40, 1.5940/60, 1.5860/80, 1.5780/1.5800.
An alternative for buyers will be above 1.6600 with targets 1.6660/80, 1.6740/60, 1.6820/40.
JPY
The pre-planned breakout variant for sells was realized with attainment of assumed targets. OsMA trend indicator, having marked general bearish advantage preservation gives reasons for the preservation of corresponding planning priorities for today as well. At the moment considering signs of pair oversold we assume the possibility of rate return to close 100.20/40 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 99.60/80 99.00/20, 98.60/80 and/or further breakout variant up to 98.00/20, 97.40/60.
EUR
The pre-planned breakout variant for sells was realized with overlap of assumed targets. OsMA trend indicator, having marked high bearish activity level continues supporting sells planning priorities. At the moment considering signs of pair oversold we assume the possibility of rate return to close 1.2940/60 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 1.2850/70, 1.2740/60, 1.2680/1.2700 and/or further breakout variant up to 1.2600/20, 1.2520/40, 1.2460/80.
An alternative for buyers will be above 1.3120 with targets 1.3160/80, 1.3220/40, 1.3280/1.3300.

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