Instaforex

Friday, December 12, 2008

Technical analysis for December 12, 2008

* range(supports or resistance ), 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 1.3260/80

For short-term buying positions on condition of formation of topping signals the targets will be 1.3330/50, 1.3400/20 and/or further breakout variant up to 1.3460/80, 1.3520/40, 1.3600/20, 1.3720/40, 1.3880/1.3900.
An alternative for sells will be below 1.3180 with targets 1.3110/30, 1.3040/60, 1.2960/80.

GBPUSD:
*Range 1.4820/40

For short-term buying positions on condition of formation of topping signals the targets will be 1.4900/20, 1.5000/20, 1.5120/40 and/or further breakout variant up to 1.5180/1.5200, 1.5260/80, 1.5360/80.
An alternative for sells will be below 1.4680 with targets 1.4600/20, 1.4520/40, 1.4460/80.

USDJPY:
*Range 90.00/20

For sells on condition of formation of topping signals the targets will be 89.20/40, 88.40/60, 87.20/40 and/or further breakout variant up to 86.20/40, 85.40/60, 84.80/85.00.
An alternative for buyers will be above 91.00 with targets 91.60/80, 92.40/60, 93.00/20, 93.60/80.
 
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