Technical analysis for June 10, 2009

By @ibtimes on

CHF

The pre-planned short term buying positions from key supports have been implemented with the achievement of minimal anticipated target. Further implementation of break-variant for sales had not the positive result but preservation of opened short positions is “supported” by relative growth of bearish activity marked by OsMA trend indicator. At the moment, evaluating sales activity progress as a sign of bearish development incompleteness, we can assume probability of rate return to 1,0800/20 resistance range levels where it is recommended to evaluate 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 1,0740/60, 1,0680/1,0700 and (or) further break-out variant up to 1,0620/40, 1,0540/60, 1,0400/40. The alternative for buyers will be above 1, 0860 with the targets of 1,0900/20, 1,0960/80.

GBP

The pre-planned break-out variant for buyers has been implemented but with the achievement of estimated targets. OsMA trend indicator, having marked signs of rate overbought, but without confirmative bearish resistance reaction as well as rate position above Ichimoku cloud gives grounds for bullish priorities but with relatively high risks of situation change favoring to bearish party. On the assumption of it as well as of descending direction of indicator chart we can assume probability of rate return to 1,6200/40 where it is recommended to evaluate 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 formation of topping signals the targets will be 1,6280/1,6300, 1,6360/80, 1,6420/40 and (or) further break-out variant up to 1,6480/1,6500, 1,6580/1,6600, 1,6660/1,6700.The alternative for sales will be below 1,6140 with the targets of 1,6080/1,6100, 1,6000/20, 1,5900/40.

JPY

The pre-planned long positions from key supports has been implemented and their preservation is “supported” by bullish activity priority preservation and by current direction of bullish development according to OsMA trend indicator version. On the assumption of it as well as of long positions opened before the targets will be 98,20/40, 98,80/99,00 and (or) further break-out variant up to 99,40/60, 100,00/20, 100,80/101,20. The alternative for sales will be below 97,00 with the targets of 96,40/60, 95,80/96,00, 95,20/40.

EUR

The pre-planned short positions from key resistance range levels have been implemented with the attainment of minimal anticipated targets. Further implementation of break-out buying variant had positive result on minimal target with relative bullish activity rise at the break-out of key resistance range levels. Therefore, at the moment, considering sign of bullish development incompleteness as well as descending direction of indicator chart we can assume probability of rate return to channel line “2” at 1,4020/40 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 1,4080/1,4100, 1,4140/60 and (or) further break-out variant up to 1,4200/20, 1,4260/80, 1,4300/20. The alternative for sales will be below 1,3960 with the targets of 1,3900/20, 1,3840/60, 1,3790/1,3810.

Join the Discussion