Technical analysis for June 14, 2010

 @ibtimes
on June 13 2010 8:00 PM

CHF

The estimated test of key resistance range levels has been confirmed, but relative rise of bullish activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. At this point, considering the situation as incompleteness of bullish development within the frames of descending trend, we can assume probability of rate return to close borders of Ichimoku cloud at 1,1500/20 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 1,1440/60, 1,1380/1,1400 and (or) further break-out variant up to 1,1320/40, 1,1260/80. The alternative for buyers will be above 1,1560 with the targets of 1,1600/20, 1,1660/80.

GBP

The estimated test of key supports has been confirmed, but essential rise of bearish activity, marked by OsMA trend indicator, eliminated implementation of the trading plan for opening of buying positions. At this point, considering the situation as incompleteness of bearish development, however, with prospects of further rate decline, we can assume probability of hitting 1,4620/40 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 1,4560/80, 1,4500/20 and (or) further break-out variant up to 1,4440/60, 1,4360/80, 1,4240/80. The alternative for buyers will be above 1,4700 with the targets of 1,4740/60, 1,4800/20.

JPY

The earlier opened and held short positions did not have any positive result in attainment of the anticipated targets. OsMA trend indicator, having marked preserved low activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of further rate range movement with no clear choice of planning priorities, we can assume probability of rate return to close 91,60/70 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 92,00/10 and (or) further break-out variant up to 92,40/50, 92,80/90. The alternative for sales will be below 91,20 with the targets of 90,80/90, 90,20/40, 89,40/60.

EUR

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of further rate range movement, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 1,2120/40 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 buying positions, on condition of the formation of topping signals the targets will be 1,2180/1,2220 and (or) further break-out variant up to 1,2260/80, 1,2340/60, 1,2400/40. The alternative for sales will be below 1,2060 with the targets of 1,2000/20, 1,1940/60, 1,1880/1,1900.

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