Technical analysis for December 15, 2009

The estimated test of key supports for implementation of the pre-planned long positions has not been confirmed, and fall in both party activity as a result of the previous trading day gives grounds only for petty correction of earlier designed trading plans preserving them for today. Namely, as earlier, we can assume probability of rate return to close border of Ichimoku cloud at 1,0280/1,0300, 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 1,0340/60, 1,0380/1,0400 and (or) further break-out variant up to 1,0440/60, 1,0500/20. The alternative for sales will be below 1,0200 with the targets of 1,0140/60, 1,0080/1,0100.v

GBP

The estimated test of key resistance range levels sales has not been confirmed, and preserved parity of both party activity, as earlier, does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement and taking into account descending direction of indicator chart, we can assume probability of rate return to close 1,6200/20 support 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 buying positions on condition of the formation of topping signals the targets will be 1,6260/80, 1,6340/60, 1,6400/40 and (or) further break-out variant up to 1,6480/1,6500, 1,6540/60, 1,6600/20. The alternative for sales will be below 1,6160 with the targets of 1,6100/20, 1,6040/60, 1,5980/1,6000.

JPY

The estimated test of key resistance range levels sales has not been confirmed, and fall in both party activity as a result of the previous trading day gives grounds for preservation of earlier designed trading plans for today. Namely, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 89,00/20 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 88,40/60, 87,80/88,00 and (or) further break-out variant up to 87,20/40, 86,60/80, 86,00/20. The alternative for buyers will be above 89,40 with the targets of 89,80/90,00, 90,40/60.

EUR

The estimated test of key resistance range levels for implementation of the pre-planned sales has not been confirmed, and fall in both party activity as a result of the previous trading day gives grounds only for petty correction of earlier designed trading plans. Namely, we can assume probability of rate return to close border of Ichimoku cloud at 1,4700/20, 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 1,4640/60, 1,4580/1,4600 and (or) further break-out variant up to 1,4520/40, 1,4460/50, 1,4400/20. The alternative for buyers will be above 1,4800 with the targets of 1,4840/60, 1,4900/20.