Technical analysis for January 27, 2010

 @ibtimes
on January 26 2010 7:00 PM

CHF

The pre-planned long positions from key supports have been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked sign of rate overbought, suggests probable period of rate correction with preservation of bullish direction in planning trading operation for today. Hence, we can assume probability of rate return to close border of Ichimoku cloud at 1,0410/30 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 1,0470/80, 1,0500/20 and (or) further break-out variant up to 1,0560/80, 1,0620/40, 1,680/1,0700. The alternative for sales will be below 1,0340 with the targets of 1,0280/1,0300, 1,0220/40.

GBP

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal basic target. OsMA trend indicator, having marked strengthening of bearish activity, suggests preservation of sales priority in planning trading operation for today. Hence, we can assume probability of rate return to close border of Ichimoku cloud at 1,6180/6200 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 sales, on condition of the formation of topping signals the targets will be 1,6120/40, 1,6060/80 and (or) further break-out variant up to 1,6000/20, 1,5940/60, 1,5860/80. The alternative for buyers will be above 1,6300 with the targets of 1,6360/80, 1,6440/60.

JPY

The pre-planned break-out variant for sales has been implemented, however, with loss in attainment of the anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, adds to risks regarding further rate decline. Therefore, considering supposition of probable rate range movement, we can assume probability of rate return to close 89,60/80 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 89,00/20 and (or) further break-out variant up to 88,40/60, 87,80/88,00. The alternative for buyers will be above 90,60 with the targets of 91,00/20, 91,60/80.

EUR

The earlier opened and held short positions have the positive result, however, considering signs of rate oversold, it is recommended to fix the profit. At this point, considering fall in activity of both parties, we can assume probability of rate range movement with return to close border of Ichimoku cloud at 1,4120/40, 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 1,4060/80, 1,3980/1,4020 and (or) further break-out variant up to 1,3920/40, 1,3860/80. The alternative for buyers will be above 1,4240 with the targets of 1,4280/1,4300, 1,4340/60.

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