Instaforex

Monday, December 8, 2008

Technical analysis for December 08, 2008

* range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval(1 hour, 30 min based on candlestick patterns )

EURUSD:
*Range 1.2810/30

For short-term sells on condition of formation of topping signals the targets will be 1.2740/60, 1.2680/1.2700 and/or further breakout variant up to 1.2660 with targets 1.2600/20, 1.2540/60, 1.2480/1.2500. An alternative for buyers will be above 1.2860 with targets 1.2900/20, 1.2980/1.3000, and 1.3060/80.

GBPUSD:
*Range 1.4740/60

For short-term buying positions on condition of formation of topping signals the targets will be 1.4820/40, 1.4940/60, 1.5060/80 and/or further breakout variant up to 1.5180/1.5200, 1.5260/80, 1.5400/20, 1.5520/40, 1.5600/20.
An alternative for sells will be below 1.4600 with targets 1.4520/40, 1.4460/80, 1.4400/20.

USDJPY:
*Range 92.20/40

For short-term buying positions on condition of formation of topping signals the targets will be 92.80/93.00, 93.40/60, 93.80/94.00 and/or further breakout variant up to 94.40/60, 95.00/20, 95.60/80.
An alternative for sells will be below 90.80 with targets 90.20/40, 89.20/40, 87.40/60.

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