Economic Calendar

Tuesday, June 9, 2009

Forex Technical Analytics

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Daily Forex Technicals | Written by FOREX Ltd | Jun 09 09 06:45 GMT |

CHF

The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked last trading day top by formation of topping bearish signal with further confirmative sales activity rise and gives grounds for the priority of buyers direction of trading operations planning for today. On the assumption of it we can assume probability of rate attainment of close 1,0860/80 supports where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for buying positions on condition of the formation of topping signals the targets will be 1,0920/40, 1,0980/1,1000 and (or) further break-out variant up to 1,1040/60, 1,1100/20, 1,1160/80. The alternative for sales will be below 1, 0790 with the targets of 1,0730/50, 1,0680/1,0700.

GBP

The pre-planned break-out variant for sales has been implemented but with loss of several points in the achievement of minimal anticipated targets. OsMA trend indicator, having marked confirmation of rate oversold by relative bullish activity rise but with rather minimal grounds for the preservation of bearish planning priorities for today. On the assumption of it as well as descending direction of indicator chart we can assume probability of rate return to close 1,5940/60 supports where it is recommended to evaluate 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 formation of topping signals the targets will be 1,6020/40, 1,6080/1,6100 and (or) further break-out variant above 1,6140 with the targets of 1,6180/1,6200, 1,6240/60, 1,6300/20. The alternative for sales will be below 1,5780 with the targets of 1,5720/40, 1,5660/80, 1,5600/20.

JPY

The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed and the result of previous working day with preservation of bullish activity priority gives grounds for the preservation of trading plans made before. We can assume probability of rate fall to channel line '1' at 97,60/80 levels where it is recommended to evaluate 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 formation of topping signals the targets will be 98,20/40, 98,80/99,00 and (or) further break-out variant up to 99,40/60, 100,00/20, 100,80/101,20. The alternative for sales will be below 97,00 with the targets of 96,40/60, 95,80/96,00, 95,20/40.

EUR

The pre-planned break-out variant for sales has been implemented with the overlap of minimal anticipated target. OsMA trend indicator, having marked last trading day low by formation of topping bullish signal with further relative bearish activity rise and gives grounds to suppose further correction period with preservation of sales priority of trading operations planning for today. On the assumption of we can assume rate achievement of channel line '2' at 1,3960/80 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 1,3900/20, 1,3840/60, 1,3780/1,3800 and (or) further break-out variant up to 1,3720/40, 1,3660/80, 1,3600/20. The alternative for sales will be above 1,4060 with the targets of 1,4100/20, 1,4160/80, 1,4220/40.

FOREX Ltd
www.forexltd.co.uk




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