Instaforex

Tuesday, October 28, 2008

Technical analysis for October 28, 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 basic assumed targets. OsMA trend indicator, having marked low activity level of both parties as well as rate position within boundaries of Ichimoku cloud give reasons for assumptions about range rate movement in close outlook. Hence and considering bullish sign of indicator chart we assume the possibility of pair return to 1.1600/20 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 1.1540/60, 1.1480/1.1500 and/or further breakout variant up to 1.1420/40, 1.1360/80, 1.1300/20. An alternative for buyers will be above 1.1660 with targets 1.1700/20, 1.1760/80, 1.1800/20.
GBP
At 1.5900/20 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 1.5820/40, 1.5700/20, 1.5600/20 and/or further breakout variant below 1.5560 with targets 1.5500/20, 1.5420/40, 1.5340/60, 1.5260/80. An alternative for buyers will be above 1.6060 with targets 1.6100/20, 1.6180/1.6200, 1.6280/1.6300, 1.6380/1.6400.
JPY
The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked advantage of bullish party development gives reasons for the corresponding priorities for today. At the moment considering the current bullish development cycle we assume the possibility of slight rate correction to close 95.10/30 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 95.80/96.00, 96.60/80 and/or further breakout variant up to 97.20/40, 97.80/98.00, 98.60/80, 99.00/20. An alternative for sells will be below 94.50 with targets 93.90/94.10, 93.00/20, 92.40/60.
EUR
The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked week Low renewal by reverse bullish signals formation with further buying activity strengthening gives reasons for the corresponding change of planning priorities for today as well. Hence and considering the current bullish development cycle we assume the possibility of slight rate correction to 1.2480/1.2500 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 1.2540/60, 1.2600/20 and/or further breakout variant up to 1.2660/80, 1.2720/40, 1.2780/1.2800. An alternative for sells will be below 1.2400 with targets 1.2340/60, 1.2280/1.2300.1.2880/1.2900, and 1.2960/80.

No comments:

Post a Comment

 
cms forex,forex demo account,trading currencies,credit brokers,forex markets,fx trading,forex futures,currency trading,online trading,forex demo,discount broker,trade broker,online broker,global forex trading,forex trading platforms,stock trading,global forex,forex dealing,forex investing,forex investments,forex account,broker list,forex uk,forex com,forex options,forex exchange,forex trades,forex trading,forex brokerage,forex trading online