Prices EUR / USD move to the level of resistance of 1.4700
Sep 25th, 2009 | By admin | Category: News International MarketsUSD /JPY
The dynamics of price movements is limited range 90.40 - 91.60. That trend indicator OsMA at 4-hour chart (Figure 1) confidently downward suggests that prices will try to get out of it with a break of the lower boundary. In this case it is necessary to wait for further falls, the primary purpose of which is likely to become a mark 90.00. Oscillators different direction. On the hourly chart (Fig. 2) the situation is different. OsMA become a rising trend. In the bull towards directed and SS, RSI also turns up. All this indicates the possibility of price movements to the upper boundary of the horizontal canal.
Thus, in my opinion, the situation is uncertain. It is advisable to wait for her to clarify, before making any trading decisions.
Support: 90.70, 90.40, 90.00, 89.70, 89.00, 88.40, 88.00, 87.30, 87.00, 86.00, 85.00, 84.40/30.
Resistance: 91.00, 91.55, 92.00, 92.40, 92.70/85, 93.00/20, 93.60/50, 94.10/00, 94.60/50, 94.90/95.00, 95.30/40, 95.90/96.00, 96.30, 96.60, 97.00, 97.50/75, 98.00, 98.35, 98.60.
USD /CHF
prices returned to the level of support 1.0280. If it is resolved to continue falling, the primary purpose of which is likely to become a mark 1.0200. The probability of this outcome suggests that the trend indicator OsMA at 4-hour chart (Figure 3) takes a downward direction. In a bearish direction fixed and both the oscillator (the SS goes out of overbought). On the hourly chart (Figure 4) OsMA confidently directed downward, thereby confirming the assumption about the possibility of a breakthrough of the level of support and further decline. At the same time, SS charted turn up. Therefore not be entirely ruled out a return to a mark 1.0320.
However, in my opinion, the possibility of opening positions on the sale with a close stop-loss should be considered only after confirmation of a breakthrough price support level 1.0280.
Support: 1.0280, 1.0250, 1.0200, 1.0175, 1.0130, 1.0100, 1.0070, 1.0070, 1.0000, 0.9900, 0.9800, 0.9740, 0.9700, 0.9610/00, 0.9500.
Resistance: 1.0300, 1.0320, 1.0350, 1.0400, 1.0445, 1.0490/1.0500, 1.0550, 1.0600, 1.0650, 1.0700,1.0730, 1.0750/60, 1.0800, 1.0840/50, 1.0900, 1.0935/40, 1.0970.
EUR /USD
prices move toward the 1.4700 resistance level. If it is over, continue growth, the primary purpose of which is likely to be a mark 1.4725/30 and, further, 1.4760. The probability of this outcome suggests the direction indicators on the 4-hour chart (Fig. 5). And the trend indicator OsMA, and both oscillator purchased the ascending direction (SS goes out of overbought). On the hourly chart (Fig. 6) OsMA confidently directed upwards. At the same time, SS and RSI have identified a U-turn in the opposite direction. Therefore, all the same not be entirely ruled out the option of reverting to a mark 1.4670.
Having said that, in my opinion, the possibility of shopping with a close stop-loss should be considered only after confirmation of a breakthrough price resistance level 1.4700.
Support: 1.4670, 1.4630/25, 1.4600, 1.4585, 1.4540, 1.4515/00, 1.4465, 1.4430, 1.4400, 1.4360, 1.4330/20, 1.4280, 1.4250, 1.4200, 1.4150/40.
Resistance: 1.4700, 1.4725/30, 1.4760, 1.4800, 1.4840, 1.4870, 1.4900, 1.4950/60, 1.5000, 1.5050, 1.5100, 1.5140, 1.5200, 1.5230, 1.5300, 1.5370.
GBP /USD
Prices are consolidated in the 1.6000 resistance level. If it is over, continue growth, the primary purpose of which is likely to become a mark 1.6060. In the continuation phase of growth allows us to speak the direction of the trend indicator OsMA at 4-hour chart (Fig. 7). Oscillators turned different direction. On the hourly chart (Fig.
OsMA confidently directed upwards, thus signaling a breakthrough in favor of this level and further growth. Up directed and SS. At the same time, RSI turned in a bearish direction. So do not rule out completely the possibility of a return to a mark 1.5930.
In light of this, in my opinion, the possibility of opening positions for the purchase with a close stop-loss is worthwhile to consider only after confirmation of a breakthrough price resistance level 1.6000.
Support: 1.6000, 1.5975/60, 1.5900, 1.5800, 1.5770, 1.5700, 1.5660, 1.5620/00, 1.5500, 1.5430, 1.5400, 1.5300, 1.5260, 1.5200, 1.5150, 1.5100, 1.5070, 1.5000.
Resistance: 1.6000, 1.6060, 1.6100, 1.6130/40, 1.6170, 1.6200, 1.6230, 1.6270/75, 1.6300, 1.6340, 1.6370, 1.6400, 1.6470, 1.6500, 1.6540/60, 1.6600, 1.6640, 1.6700, 1.6730, 1.6800.
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