Technical analysis for September 9, 2009

By @ibtimes on

CHF

Short positions opened and preserved before in accordance with the chosen strategy had positive result of the achievement of main anticipated targets. OsMA trend indicator, having marked considerable bearish activity rise at the break of key supports gives grounds for the preservation of bearish direction priority for planning of trading operations for today. On the assumption of it, as well as considering bullish position of indicator chart we can assume probability of further rate correction period to channel line «1» at 1,0480/1,0500 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for sales on condition of the formation of topping signals the targets will be 1,0420/40, 1,0360/80 and (or) further break-out variant up to 1,0300/20, 1,0240/60, 1,0180/1,0200. The alternative for buyers will be above 1,0560 with the targets of 1,0600/20, 1,0660/80.

GBP

Long positions opened and preserved before in accordance with the chosen strategy had positive result of the achievement of main anticipated targets. OsMA trend indicator having marked considerable bullish activity rise at the break of key resistance range levels and gives grounds for the preservation of bullish direction priority for planning of trading operations for today. On the assumption of it, as well as considering bearish sign of indicator chart we can assume probability of further rate correction period with the test of close 1,6490/1,6510 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for buying positions on condition of formation of topping signals the targets will be 1,6560/80, 1,6640/60 and (or) further break-out variant up to 1,6700/20, 1,6780/1,6820, 1,6960/1,7000. The alternative for sales will be below 1,6300 with the targets of 1,6220/40, 1,6140/60.

JPY

The pre-planned break-out variant for sales has been implemented with the achievement of minimal anticipated target. OsMA trend indicator, having marked relative bearish activity rise at the break of key supports and gives grounds to suppose bearish development period incompleteness and hence, sales priorities for planning of trading operations for today. On the assumption of it as well as of bullish sign of indicator chart we can assume probability of further rate correction period to channel line «1» at 92,40/60 levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 91,80/92,00, 91,40/60 and (or) further break-out variant up to 90,80/91,00, 90,20/40, 89,60/80. The alternative for buyers will be above 92,80 with the targets of 93,20/40, 93,80/94,00.

EUR

The pre-planned break-out variant for buyers has been implemented with the overlap of minimal estimated target. OsMA trend indicator, having marked considerable activity rise of key resistance range levels and gives grounds for bullish direction priority of planning operations for today. On the assumption of it as well as of descending direction of indicator chart we can assume probability of rate return to close 1,4460/80 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for long positions on condition of the formation of topping signals the targets will be 1,4520/40 and (or) further break-out variant up to 1,4580/1,4600, 1,4640/60, 1,4700/20. The alternative variant for sales will be below 1,4400 with the targets of 1,4340/60, 1,4280/1,4300.

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