Instaforex

Monday, November 10, 2008

Technical analysis for November 10, 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 buying positions from key supports were realized with overlap of minimal assumed target. OsMA trend indicator, having marked activity fall of both parties and considering the chosen strategy gives reasons for preservation of earlier drawn up trading planes practically unchanged. Hence we assume the possibility of pair return to upper boundary of Ichimoku cloud at 1.1680/1.1700, 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 1.1740/60, 1.1820/40 and/or further breakout variant up to 1.1880/1.1900, 1.1960/80, 1.2020/40, 1.2100/20. An alternative for sells will be below 1.1620 with targets 1.1560/80, 1.1500/20, 1.1440/60.
GBPUSD
The pre-planned positions for sell from key resistance range were realized with overlap of minimal assumed target. OsMA trend indicator, having marked close activity parity of both parties does not give definiteness in the choice of planning priorities for today hence considering the descending direction of indicator chart we assume the possibility of attainment 1.5580/1.5620 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 1.5680/1.5700, 1.5800/20, 1.5860/1.5900 and/or further breakout variant up to 1.5960/80, 1.6020/40, 1.6100/20, 1.5180/1.6200. An alternative for sells will be below 1.5500 with targets 1.5400/20, 1.5320/40, 1.5260/80.
USDJPY
The possibility of rate return to close 98.40/50 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 98.90/99.10, 99.50/60 and/or further breakout variant up to 100.00/20, 100.60/80, 101.00/20. An alternative for sells will be below 97.80 with targets 97.00/20, 96.40/60, 96.00/20.
EURUSD
The pre-planned positions for sell from key resistance range were realized with attainment of minimal assumed target. OsMA trend indicator, having marked preservation of parity activity level of both parties gives reasons for assumptions on further range rate movement without definiteness in the choice of planning priorities for today. Hence and considering the descending direction of indicator chart we assume the possibility of rate return to 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 1.2860/80, 1.2920/40 and/or further breakout variant up to 1.2980/1.3000, 1.3060/80, 1.3120/40. An alternative for sells will be below 1.2740 with targets 1.2680/1.2700, 1.2600/20, 1.2520/40.

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