Technical analysis for November 4 , 2009
03 Nov, 2009 @ 07:00 pm ET | written by Forex Ltd
CHF
The pre-planned break-out variant for buyers was implemented with loss in the achievement of minimal estimated target. OsMA trend indicator, having marked bullish activity priority at the break of key resistance range levels and gives grounds for buyers priorities of planning of trading operations for today. On the assumption of it as well as of preservation of bearish sign of indicator chart we can assume probability of the achievement of channel line «3» and Ichimoku cloud border at 1,0220/40 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,0280/1,0300, 1,0340/60 and (or) further break-out variant up to 1,0400/20, 1,0460/80, 1,0520/40. The alternative for sales will be above 1,0160 with the targets of 1,0100/20, 1,0040/60.
GBP
The estimated test of key resistance range levels was confirmed but relative bullish activity rise against the background of signs of rate overbought marked by OsMA is rather negative factor for the implementation of pre-planned sales positions. Therefore, at the moment, evaluating current situation only from positions of logical bullish development incompleteness as well as considering descending direction of indicator chart we can assume probability of rate return to close 1,6380/1,6400 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of formation of topping signals the targets will be 1,6440/60, 1,6500/20 and (or) further break-out variant up to 1,6560/80, 1,6620/40, 1,6680/1,6700. The alternative for sales will be below 1,6180 with the targets of 1,6120/40, 1,6040/60, 1,5980/1,6000.
JPY
Opened and saved short positions had positive result in the achievement of minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties as it was before and does not clarify the choice of planning priorities for today. That is why, on the assumption of suppositions concerning preservation of rate range movement we are favouring to the achievement of Senkou Span B line of Ichimoku indicator at 90,60/80 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of the formation of topping signals the targets
will be 90,00/20, 89,60/80 and (or) further break-out variant up to 89,00/20, 88,40/60, 88,00/20. The alternative for buyers will be above 91,20 with the targets of 91,60/80, 92,20/40.
EUR
The pre-planned break-out variant for sales was implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked bearish activity priority at the break of key supports gives grounds to suppose sales priority for planning of trading operations for today. On the assumption of it as well as of bullish sign of indicator chart we can assume probability of the achievement of close Ichimoku cloud border at 1,4760/80 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,4700/20, 1,4620/40, 1,4580/1,4600 and (or) further break-out variant up to 1,4520/40, 1,4460/80. The alternative for buyers will be above 1,4880 with the targets of 1,4920/40, 1,4980/1,5000, 1,5040/60.
For more forex information, go to www.forexltd.co.uk
Related Articles:
- GBP/JPY - Weekly technical Outlook 12:29 PM ET
- EUR/JPY - Weekly technical Outlook 12:26 PM ET
- EUR/CHF - Weekly technical Outlook 12:21 PM ET
- EUR/GBP - Weekly technical Outlook 12:06 PM ET
Sponsored Articles:
- Are These 4 Emotional Pitfalls Sabotaging Your Trading? Nov 12, 2009 4:46PM
- Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis Nov 12, 2009 4:43PM
- Finance's Euphoria: The Epilogue - What Record High Dollar Volume of Trading Says About Confidence Nov 06, 2009 4:32PM



US
UK
Chinese
Japanese
Hong Kong
Spanish
Deutsch
Portuguese
Korean
French
Russian



RSS Most read
Australia
Canada
EMU
Japan
Swiss
England
US

