FXstreet.com

Forex Analysis on Majors

3

0

Further Interest Rate Decrease in Japan may Cause Various Problems on the Market

Tue, Dec 2 2008, 08:32 GMT
by Igor Kulaga

Forex Ltd


EUR

The pre-planned test of key resistance range for realization of the pre-planned sells positions was not confirmed and rate fall with signs of its strong oversold was not favorable as well for short positions breakout variant realization. Nevertheless at the moment there are no reasons for changing planning priorities in bullish direction hence as before we assume the possibility of Ichimoku cloud boundary attainment at 1.2740/60, 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 1.2680/1.2700, 1.2600/20, 1.2560/80 and/or further breakout variant up to 1.2500/20, 1.2440/60, 1.2380/1.2400, 1.2320/40. An alternative for buyers will be above 1.2840 with targets 1.2880/1.2900, 1.2940/60, 1.3020/40, 1.3080/1.3100.

www.ForexLtd.co.uk

CHF

The assumed test of key supports was confirmed with conditions for buying positions realization. OsMA trend indicator, having marked in short-term outlook preservation of certain bearish party advantage gives reasons for further rate fall within Ichimoku cloud boundaries but with preservation of buying planning priorities for today as well. Hence we assume the possibility of attainment 1.1980/12000 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 1.2040/60, 1.2100/20 and/or further breakout variant up to 1.2160/80, 1.2200/20, 1.2260/80, 1.2300/20. An alternative for sells will be below 1.1950 with targets 1.1890/1.1910, 1.1820/40, 1.1740/60.

www.ForexLtd.co.uk

GBP

The pre-planned breakout variant for sells was realized with attainment of basic assumed targets. OsMA trend indicator, having marked bearish party advantage at the break of Senkou Span A and B lines gives reasons for the preservation of bearish planning direction for today as well. At the moment considering relative bullish activity rise we assume the possibility of attainment close 1.5020/60 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 1.4920/40, 1.4800/20, 1.4680/1.4720 and/or further breakout variant up to 1.4580/1.4620, 1.4480/1.4500, 1.4400/20. An alternative for buyers will be above 1.5140 with targets 1.5200/40, 1.5320/40, 1.5400/20.

www.ForexLtd.co.uk

JPY

The pre-planned breakout variant for sells was realized with overlap of assumed targets. OsMA trend indicator, having marked essential bearish activity rise at the break of key supports continues supporting sells planning priority for today. At the moment considering relative bearish resistance rise we assume the possibility of rate correction period incompleteness with another test of 93.80/94.00 resistance levels, 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 93.20/40, 92.60/80 and/or further breakout variant up to 92.00/20, 91.40/60, 90.80/91.00. An alternative for buyers will be above 94.40 with targets 94.80/95.00, 95.40/60, 96.00/20.

www.ForexLtd.co.uk


Archive

Forex Ltd  | Regus Business Center, Tower 42, 25 Old Broad St., London EC2N 1HN
http://www.forexltd.co.uk/ | info@forexltd.co.uk

Legal disclaimer and risk disclosure

This technical analysis report has just an informative meaning and cannot be treated as the guide to action or an offer to carry out certain trading operation. Any copying or reproduction of analytical material without placing a reference, and any use of this information for commercial purposes without preliminary agreement with Forex Ltd is prohibited.

Related reports

Daily Forex and Dow Jones Recommended Levels by FXtechtrade
Tue, Nov 24 2009, 06:09 GMT

Daily FX Forecast by S.A.F.E. Ltd
Tue, Nov 24 2009, 05:51 GMT

Market Morning Briefing - Market Morning Briefing by Kshitij Consultancy Service
Tue, Nov 24 2009, 05:45 GMT

Forex Market Alerts - USD/JPY, USD/CHF Flows - DPM Kan to keep close contact with BoJ; EUR/CHF eye SNB by FXMarketAlerts
Tue, Nov 24 2009, 03:13 GMT

Daily Forex Outlook - Gold Leads Fresh Rally by Easy Forex
Tue, Nov 24 2009, 03:03 GMT

eurusd, japan, gbpusd, usdchf, usdjpy

View All

Related content

Heavy turnover continues in the EUR/USD
Forex Live | Tue, Nov 24 2009, 05:54 GMT

Swiss names selling EUR/USD
Forex Live | Tue, Nov 24 2009, 05:40 GMT

BOJ Ups Economic View For Third Straight Month In November
Dow Jones | Tue, Nov 24 2009, 05:12 GMT

Asian forex market wrap: don’t be happy, worry!
Forex Live | Tue, Nov 24 2009, 04:56 GMT

German Ifo data to provide for volatility in early European trade
Forex Live | Tue, Nov 24 2009, 04:32 GMT

eurusd, japan, gbpusd, usdchf, usdjpy

View All

Interested in forex trading? forex brokerage firms!


MG Financial Group
Contact the broker/FDM
Open a demo account
FOREX.com
Contact the broker/FDM
Open a demo account
MIG INVESTMENTS SA
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account
Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.