日本語
Español
中文
Русский 
Français
- New York 11:53
- London 15:53
- Barcelona 16:53
- Tokyo 00:53
- Sydney 02:53
- RATES & CHARTS
- NEWS
- FUNDAMENTAL
- TECHNICAL
- TOOLS
- METATRADER
- LIVE
- EDUCATION
- FORUM
- SERVICES
- BROKERS & FDMs
- Premium
Forex Analysis on Majors
Preservation of Bearish Trend for Euro
Wed, Nov 4 2009, 08:53 GMT
by Igor Kulaga
Forex Ltd | View company's profile
EUR
The pre-planned break-out variant for sales was implemented with the achievement of minimal estimated target. OsMA trend indicator, having marked bearish activity priority at the break of key supports gives grounds to suppose sales priority 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 the achievement of close Ichimoku cloud border at 1,4760/80 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 1,4700/20, 1,4620/40, 1,4580/1,4600 and (or) further break-out variant up to 1,4520/40, 1,4460/80. The alternative for buyers will be above 1,4880 with the targets of ,4920/40, 1,4980/1,5000, 1,5040/60.
CHF
The pre-planned break-out variant for buyers was implemented with loss in the achievement of minimal estimated target. OsMA trend indicator, having marked bullish activity priority at the break of key resistance range levels and gives grounds for buyers priorities of planning of trading operations for today. On the assumption of it as well as of preservation of bearish sign of indicator chart we can assume probability of the achievement of channel line «3» and Ichimoku cloud border at 1,0220/40 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 buying positions on condition of the formation of topping signals the targets will be 1,0280/1,0300, 1,0340/60 and (or) further break-out variant up to 1,0400/20, 1,0460/80, 1,0520/40. The alternative for sales will be above 1,0160 with the targets of 1,0100/20, 1,0040/60.
GBP
The estimated test of key resistance range levels was confirmed but relative bullish activity rise against the background of signs of rate overbought marked by OsMA is rather negative factor for the implementation of pre-planned sales positions. Therefore, at the moment, evaluating current situation only from positions of logical bullish development incompleteness as well as considering descending direction of indicator chart we can assume probability of rate return to close 1,6380/1,6400 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 short-term buying positions on condition of formation of topping signals the targets will be 1,6440/60, 1,6500/20 and (or) further break-out variant up to 1,6560/80, 1,6620/40, 1,6680/1,6700. The alternative for sales will be below 1,6180 with the targets of 1,6120/40, 1,6040/60, 1,5980/1,6000.
JPY
Opened and saved short positions had positive result in the achievement of minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties as it was before and does not clarify the choice of planning priorities for today. That is why, on the assumption of suppositions concerning preservation of rate range movement we are favouring to the achievement of Senkou Span B line of Ichimoku indicator at 90,60/80 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 90,00/20, 89,60/80 and (or) further break-out variant up to 89,00/20, 88,40/60, 88,00/20. The alternative for buyers will be above 91,20 with the targets of 91,60/80, 92,20/40.
Published on Wed, Nov 4 2009, 08:58 GMT
Forex Ltd
| Forex Ltd, Regus Business Center, Tower 42, 25 Old Broad St., London EC2N 1HN. UK
http://www.forexltd.co.uk/ | info@forexltd.co.uk
Archive
- Euro Stays in March Mid-Range
Published On Fri, Mar 19 2010, 07:27 GMT - Sideway Trading in Euro to Continue
Published On Thu, Mar 18 2010, 07:39 GMT - Break in Euro Becomes Possible
Published On Wed, Mar 17 2010, 07:46 GMT - Balance in Euro Preserved
Published On Tue, Mar 16 2010, 07:52 GMT - Expecting Bullish Break in Euro
Published On Mon, Mar 15 2010, 07:59 GMT
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
EUR/USD: No time for reversal yet by FXstreet.com Independent Analyst Team
Fri, Mar 19 2010, 15:27 GMT
Stock Traders focusing on Quadruple Witching by ForexHound.com
Fri, Mar 19 2010, 14:36 GMT
Discount rate discussions keeping floor under bonds by Interactive Brokers LLC
Fri, Mar 19 2010, 14:29 GMT
GoldCore Update: Sterling Gold Near Record Highs as Election Looms and Economic Outlook Uncertain by GoldCore
Fri, Mar 19 2010, 14:28 GMT
U.S. Dollar strengthens Overnight; Risk Aversion Highlighted by ForexHound.com
Fri, Mar 19 2010, 14:26 GMT
eurusd, gbpusd, usdchf, usdjpy
[ View All ]Related content
Forex: GBP/USD breaks below 1.5100, approaching 1.5000
FXstreet.com | Fri, Mar 19 2010, 15:16 GMT
Forex: Yen jumps against European currencies
FXstreet.com | Fri, Mar 19 2010, 15:07 GMT
Forex: EUR/USD extends downtrend, approaches 1.3500
FXstreet.com | Fri, Mar 19 2010, 14:38 GMT
Forex: USD/JPY upside attempt capped at 90.70 resistance again
FXstreet.com | Fri, Mar 19 2010, 14:21 GMT
Forex: GBP/USD falls to test 1.5100
FXstreet.com | Fri, Mar 19 2010, 14:05 GMT
eurusd, gbpusd, usdchf, usdjpy
[ View All ]Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.
©2010 "FXstreet.com. The Forex Market" All Rights Reserved.