Technical analysis for December 11, 2009

By @ibtimes on

CHF

The pre-planned buying positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked low activity of both parties does not give grounds for any amendments to earlier designed trading plans. Therefore, we can assume probability of rate return to 1,0220/40 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a 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, 1,0460/1,0500. The alternative for sales will be below 1,0160 with the targets of 1,0100/20, 1,0040/60.

GBP

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked decline in both party activity gives grounds for preservation of earlier designed trading plans for today. Namely, we can assume probability of rate return to channel line 1 at 1,6300/40 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,6200/40, 1,6140/60 and (or) further break-out variant up to 1,6060/80, 1,5980/1,6020. The alternative for buyers will be above 1,6440 with the targets of 1,6480/1,6500, 1,6540/60, 1,6620/60.

JPY

The estimated test of key resistance range levels has been confirmed, but preservation of bullish party priority, marked by OsMA trend indicator has not favored implementation of the pre-planned short positions. Therefore, at this point, with no clear choice of priorities for planning trading operations, we can assume probability of rate rise to close 89,20/40 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 88,60/80, 88,00/20 and (or) further break-out variant up to 87,40/60, 86,80/87,00. The alternative for buyers will be above 89,80 with the targets of 90,20/40, 90,80/91,00.

EUR

The estimated test of key resistance range levels for implementation of the pre-planned short positions has not been confirmed, but fall in both party activity as a result of the previous trading day, does not give grounds for any amendments to earlier designed trading plans. Therefore, as earlier, we can assume probability of rate return to 1,4760/80 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,4700/20, 1,4640/60 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 1,4860 with the targets of 1,4900/20, 1,4960/80.

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