The technical analysis of currency pairs
Aug 19th, 2009 | By admin | Category: News International MarketsUSD /JPY
Prices are consolidated in the district-level support of 94.60/50. If they can overcome it, will continue to drop, the primary purpose of which is likely to become a mark 94.10/00. In favor of such an outcome suggests that the trend indicator OsMA at 4-hour graph (fig. 1) takes a downward direction. Up turned and SS. RSI, on the contrary, has scheduled a turn upwards. It is therefore not totally exclude the possibility of backsliding toward 94.90/95.00. At the time schedule (Fig. 2) OsMA acquired a downward direction, indicating a breakthrough for this level of support for further falls. In the bear turned and the direction of oscillator RSI.
So, in my opinion, the possibility of opening positions on the market with a close stop-loss is considered only after the confirmation of a breakthrough price of 94.90/95.00.
Support: 94.60/50, 94.10/00, 93.60/50, 93.20/00, 92.80/75, 92.40, 92.00, 91.55, 91.00, 90.70, 90.00.
Resistance: 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, 98.90/99.00, 99.40/60, 100.00, 100.50, 101.00, 101.40 /50, 101.70, 102.00/10, 102.60.
USD /CHF
The dynamics of motion is limited to the price range of 1.0735 - 1.0830. The direction of the trend indicator OsMA at 4-hour shift (Fig. 3) suggests that a way out of range happens to breakthrough to the lower border. In this case, wait for further falls, the primary purpose of which is likely to become a mark 1.0700. At the time schedule (Fig. 4) OsMA directed upwards, thus signaling the possibility of the early phase of growth in the range specified in the subsequent testing of its upper border. SS and the RSI set in turn bear the direction of affirming the presumption of the possibility of falling prices to the point 1.0735.
Given the above, in my view, the situation is described as uncertain, and to recommend to refrain from taking any commercial decisions. Positions with a close stop-loss to open in the direction of a breakthrough after the price of the range.
Support: 1.0730, 1.0700, 1.0650/30, 1.0615/00, 1.0550, 1.0500/1.0490, 1.0400, 1.0350, 1.0300, 1.0250, 1.0200, 1.0175, 1.0130, 1.0100, 1.0070.
Resistance: 1.0760, 1.0800, 1.0840/50, 1.0900, 1.0935/40, 1.0970, 1.1000/10, 1.1050/60, 1.1100/20, 1.1150, 1.1200/15, 1.1270, 1.1320, 1.1375, 1.1400, 1.1450.
EUR /USD
Prices testing 1.4100 support level. If he will be overcome to continue falling, the primary purpose of which is likely to become a mark 1.4060. The possibility of such an outcome suggests that the trend indicator OsMA at 4-hour shift (Fig. 5) takes a downward direction. In the same direction, and directed both the oscillator. At the time schedule (Fig. 6), the situation is the same way. OsMA, SS, and RSI is surely looking down, thereby affirming the presumption of the likelihood of a breakthrough level of 1.4100, and the continuation of the downward movement.
In the light of the above, in my opinion, the possibility of opening positions on the market with a close stop-loss is considered only if a breakthrough price support level 1.4100.
Support: 1.4100, 1.4070/60, 1.4030, 1.4000, 1.3960, 1.3900, 1.3860, 1.3840/30, 1.3800, 1.3780, 1.3740/30, 1.3700, 1.3680, 1.3630, 1.3600.
Resistance: 1.4140, 1.4200, 1.4230/50, 1.4280/83, 1.4320/30, 1.4360, 1.4400, 1.4430, 1.4465, 1.4500/15, 1.4540, 1.4585, 1.4600, 1.4725, 1.4760, 1.4800, 1.4840, 1.4870.
GBP /USD
prices move to the level of support 1.6430. His break open the box to test 1.6400. On the possibility of further drop suggests downward direction OsMA trend indicator at the 4-hour graph (Fig.7). Down and directed both the oscillator, which has not yet been served signs of turn. At the time graph (Fig.8) OsMA, SS and RSI confidently directed downward, thereby affirming the presumption of the possibility of a breakthrough price of that level of support and the continuation of the downward movement.
However, in my opinion, the possibility of opening positions on the market with a close stop-loss should be considered only after the confirmation of a breakthrough price support level 1.6430.
Support: 1.6430, 1.6400, 1.6370, 1.6340, 1.6300, 1.6230, 1.6200, 1.6170, 1.6100, 1.6060, 1.6000, 1.5975/60, 15930, 15900, 1.5840.
Resistance: 1.6500, 1.6540, 1.6600, 1.6640, 1.6700, 1.6730, 1.6800/10, 1.6900, 1.6970, 1.7000, 1.7060, 1.7100, 1.7130, 1.7200, 1.7300, 1.7360, 1.7400, 1.7430, 1.7490/1.7500.
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After passing the level of 1030 points is the aim point in the vicinity of 960-980 points on the MICEX index
The evening session opened in the black, futures on the RTS index by 18.07 Moscow time on. gaining 0.83% and traded at a mark of 97 695 points.
At the end of the trading the MICEX currency market the U.S. dollar at the ETC in the calculations tomorrow was 31.9489 rubles. the dollar
