Instaforex

Tuesday, April 7, 2009

Technical analysis for April 07, 2009

* the possibility of pair return to 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 based on candlestick patterns).


EURUSD:
* Range 1,3400/20 resistance

For short-term sells on condition of formation of topping signals the targets will be 1,3340/60, 1,3280/1,3300 and/or further breakout variant up to 1,3220/40, 1,3160/80, 1,3080/1,3120 .

An alternative for buyers will be above 1.3480 with the targets1,3520/40, 1,3580/1,3600.

GBPUSD:
* Range 1,4760/1,4800 resistance


For short-term sells on condition of formation of topping signals the targets will be 1,4680/1,4700, 1,4580/1,4620, 1,4480/1,4520 and/or further breakout variant up to 1,4400/20, 1,4280/1,4320, 1,4160/1,4220 .
An alternative for buyers will be above 1.4840 with the targets 1,4880/1,4900, 1,4960/80, 1,5020/40.


USDJPY:
* Range 100,00/20 support

For short-term buying positions on condition of formation of topping signals the targets will be 100,60/80, 101,20/40 and/or further breakout variant up to 101,80/102,00, 102,40/60, 103,00/20.

An alternative for sells will be below 99.60 with targets 99,00/20, 98,40/60, 97,80/98,00.

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