Technical analysis for February 04, 2009

 @ibtimes
on February 03 2009 7:00 PM

CHF

The pre-planned short positions from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked high level of bearish activity gives reasons for preservation of short planning priorities for today as well. At the moment and considering relative bullish resistance rise we assume the possibility of rate return to close Ichimoku cloud boundary at 1.1480/1.1500, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.1420/40, 1.1360/80 and/or further breakout variant up to 1.1300/20, 1.1220/40, 1.1040/60. An alternative for buyers will be above 1.1600 with targets 1.1640/60, 1.1700/20.

GBP

The pre-planned breakout variant for buyers was realized with attainment of assumed targets. OsMA trend indicator, having marked tendency of buying activity strengthening against the earlier displayed high sells activity does not give definiteness in the choice of planning priorities for today. Hence considering the assumptions about possible range rate movement as well as bearish sign of indicator chart we assume the possibility of rate return to close Ichimoku cloud boundary at 1.4300/40, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.4380/1.4400, 1.4460/80, 1.4520/40 and/or further breakout variant up to 1.4580/1.4600, 1.4660/80, 1.4740/60, 1.4880/1.4920. An alternative for sells will be below 1.4200 with targets 1.4120/40, 1.4020/40, 1.3900/40.

JPY

The assumed test of key resistance range for the realization of the pre-planned short positions was not confirmed but result of the previous trading day did not give definiteness in the choice of planning priorities for today as well. Hence as before considering assumptions about further range rate movement as well as descending direction of indicator chart we assume the possibility of close 88.60/80 supports test, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 89.20/40, 89.80/90.00, 90.60/80 and/or further breakout variant above 91.00 with targets 91.40/60, 92.20/40, 93.00/20. An alternative for sells will be below 88.20 with targets 87.60/80, 87.00/20.

EUR

The pre-planned buying positions from key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having marked high buying activity level with lack of sustained reaction from bearish resistance gives reasons for preservation of buying planning priorities for today as well. Hence we assume the possibility of rate return to close Ichimoku cloud boundary at 1.3000/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 1.3060/80, 1.3120/40, 1.3200/20 and/or further breakout variant up to 1.3260/80, 1.3320/40, 1.3380/1.3420. An alternative for sells will be below 1.2900 with targets 1.2840/60, 1.2780/1.2800, and 1.2700/40.

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