Technical analysis for March 11, 2010

 @ibtimes
on March 10 2010 7:00 PM

CHF

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked signs of sales activity strengthening accompanied by fall in bullish activity, suggests preference of planning sales for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to borders of Ichimoku cloud at 1,0720/40, 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 1,0660/80 and (or) further break-out variant up to 1,0600/20, 1,0540/60, 1,0500/20. The alternative for buyers will be above 1,0840 with the targets of 1,0880/1,0900, 1,0920/40.

GBP

The estimated test of key resistance range levels for the previous trading day has not been confirmed, however, close parity of both party activity, marked by OsMA trend indicator, combined with preserved bullish sign of indicator chart, suggests preservation of earlier designed trading plans practically unchanged. Namely, as earlier, we can assume probability of rate return to borders of Ichimoku cloud at 1,5020/40, 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 1,4940/60, 1,4860/1,4900 and (or) further break-out variant up to 1,4800/20, 1,4740/60. The alternative for buyers will be above 1,5100 with the targets of 1,5160/80, 1,5240/60.

JPY

The earlier opened and held long positions had a positive result in attainment of minimal 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 border of Ichimoku cloud at 90,00/20, 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 buying positions, on condition of the formation of topping signals the targets will be 90,60/80, 91,00/20 and (or) further break-out variant up to 91,60/80, 92,00/20. The alternative for sales will be below 89,30 with the targets of 88,90/89,00, 88,20/40.

EUR

The pre-planned long positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked strengthening of bullish activity, suggests preference of sales in planning trading operations for today. Therefore, at this point, considering descending direction of indicator chart, we can assume probability of rate return to channel support 1 at 1,3600/20, 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 buying positions, on condition of the formation of topping signals the targets will be 1,3660/80, 1,3740/60 and (or) further break-out variant up to 1,3800/20, 1,3860/80. The alternative for sales will be below 1,3540 with the targets of 1,3480/1,3500, 1,3420/40.

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