Instaforex

Thursday, November 6, 2008

Technical analysis for November 06, 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

USDCHF
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 gives reasons for assumptions about possible range rate movement without definiteness in the choice of planning priorities for today. Hence and considering bullish sign of indicator chart we assume test of close 1.1700/20 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 1.1640/60, 1.1560/80, 1.1480/1.1500 and/or further breakout variant up to 1.1410/30, 1.1350/70, 1.1270/90, 1.1200/20. An alternative for buyers will be above 1.1820 with targets 1.1860/80, 1.1920/40, 1.1980/2.0000.
GBPUSD
At 1.5900/40 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 1.5800/20, 1.5740/60 and/or further breakout variant up to 1.5660/80, 1.5580/1.5600, 1.5500/20. An alternative for buyers will be above 1.6020 with targets 1.6080/1.6100, 1.6160/80, 1.6220/40, 1.6300/20.
USDJPY
The pre-planned breakout variant for sells was realized with attainment of minimal assumed target. OsMA trend indicator, having preserved relatively low activity level of both parties, as before does not give definiteness in the choice of planning priorities for today. Hence and considering rate position inside Ichimoku cloud as a sign of range rate movement we assume the possibility of pair return to 98.20/40 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 97.60/80, 97.00/20, 96.60/80 and/or further breakout variant up to 96.00/20, 95.40/60, 95.00/20. An alternative for buyers will be above 99.40 with targets 99.80/100.00, 100.60/80, 101.20/40, 102.00/20.
EURUSD
The pre-planned buying positions from key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having marked activity fall of both parties does not give definiteness in the choice of planning priorities for today. Hence and considering the chosen strategy as well as assumptions on possible range rate movement we assume test of close 1.2790/1.2810 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 1.2850/70, 1.2920/40, 1.3000/20 and/or further breakout variant up to 1.3060/80, 1.3120/40, 1.3200/20, 1.3260/80. An alternative for sells will be below 1.2760 with targets 1.2700/20, 1.2640/60, 1.2580/1.2600, 1.2520/40.

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