Economic Calendar

Friday, September 19, 2008

Forex Technical Analytics

Share this history on :

Daily Forex Technicals | Written by FOREX Ltd | Sep 19 08 07:48 GMT |

CHF

The pre-planned positions for sells from the key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the current week Low by the signs of pair overbought with the consequent bullish activity strengthening, gives reasons for the choice of buying planning priorities for today. Hence and considering the indicator chart reversal moment we assume the possibility of pair return to 1.1080/1.1100 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.1140/60, 1.1200/20, 1.1240/60 and/or further breakout variant up to 1.1300/20, 1.1360/80, 1.1400/20. An alternative for sells will be below 1.1040 with targets 1.0980/1.1000, 1.0920/40, 1.0880/1.0900.

GBP

The pre-planned buying positions from key support ranges were realized with attainment of basic assumed targets. OsMA trend indicator, having marked the renovation of the weekly top by forming reversal bearish signal with the consequent sells activity strengthening, gives reasons for assumptions on rate fall continuation but with preservation of buying planning priorities for today. Hence we assume the possibility of attainment the of Ichimoku cloud top in 1.7900/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.7960/80, 1.8040/60 and/or further breakout variant up to 1.8100/20, 1.8180/1.8200, 1.8240/60. An alternative for sells will be below 1.7840 with targets 1.7780/1.7800, 1.7720/40, 1.7660/80, 1.7580/1.7600, 1.7500/20, 1.7440/60.

JPY

The pre-planned breakout variant for buyers was realized with attainment of assumed target. OsMA trend indicator, having marked the progress of buying activity when testing trend signal '2' gives reasons for assumptions about further rate rise but after pair return to the top of Ichimoku cloud in 106.00/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 106.60/80, 107.20/40, 107.80/108.00 and/or further breakout variant up to 108.40/60, 109.00/20, 109.80/110.00, 110.40/60. An alternative for sells will be below 105.20 with targets 104.60/80, 104.00/20, 103.60/80.

EUR

The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked top renewal within the current week by the reverse bearish signal formation with the consequent confirming sells activity strengthening, gives reasons for the corresponding choice of planning priorities for today. Hence we assume the possibility of short-term pair return to the bottom of Ichimoku cloud at 1.4170/90, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.4110/30, 1.4060/80 and/or further breakout variant up to 1.4000/20, 1.3940/60, 1.3880/1.3900. An alternative for buyers will be above 1.4260 with targets 1.4300/20, 1.4360/80, 1.4400/20.

FOREX Ltd
www.forexltd.co.uk


No comments: