Economic Calendar

Monday, January 12, 2009

Forex Technical Analytics

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Daily Forex Technicals | Written by FOREX Ltd | Jan 12 09 08:41 GMT |

CHF

The pre-planned breakout variant for buyers was realized with attainment of minimal assumed target. OsMA trend indicator, having marked break of Ichimoku cloud high by essential bullish activity rise and considering the chosen strategy gives reasons for the priority of buying planning direction for today. Hence as well as descending direction of indicator chart we assume the possibility of rate return to close 1.1090/1.1110, 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 1.1160/80, 1.1220/40, 1.1280/1.1300 and/or further breakout variant up to 1.1340 with targets up to 1.1380/1.1400, 1.1460/80, 1.1580/1.1620. An alternative for sells will be below 1.1000 with targets 1.0940/60, 1.0860/80, 1.0780/1.0800.

GBP

The pre-planned buying positions from key supports were realized with attainment of basic assumed targets. OsMA trend indicator, having marked relative bearish activity rise but within activity parity of both parties gives reasons for assumptions about possible range rate movement without definiteness in the choice of planning priorities for today. Hence and considering signs of bearish development incompleteness we assume the possibility of upper boundary of Ichimoku cloud attainment at 1.4960/1.5000, 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 1.5060/80, 1.5120/40, 1.5200/40, 1.5300/40. An alternative for sells will be below 1.4850 with targets 1.4790/1.4810, 1.4700/20, 1.4580/1.4600, 1.4480/1.4520.

JPY

The pre-planned breakout variant for sells was realized with attainment of assumed targets. OsMA trend indicator, having marked activity fall of both parties, according to the chosen strategy gives reasons for assumptions about possible range rate movement without definiteness in the choice of planning priorities for today. Taking this into account as well as ascending direction of indicator chart we assume the possibility of attainment close 90.80/1.00 resistance range, 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 90.20/40, 89.60/80 and/or further breakout variant up to 89.00/20, 88.40/60, 87.80/88.00. An alternative for buyers will be above 91.60 with targets 92.00/20, 92.60/80, 93.20/40.

EUR

The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked bearish activity advantage at the break of key supports gives reasons for priority of the corresponding trading operations planning for today. At the moment considering the ascending direction of indicator chart we assume the possibility of rate return to 1.3520/40 resistance range, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.3440/60, 1.3360/80, 1.3300/20 and/or further breakout variant up to 1.3240/60, 1.3160/80, 1.3080/1.3100. An alternative for buyers will be above 1.3620 with targets 1.3660/80, 1.3720/40, 1.3780/1.3800.

FOREX Ltd
www.forexltd.co.uk




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