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The technical analysis of currency pairs 26.01.2010

Feb 22nd, 2010 | By admin | Category: News International Markets

USD /JPY

prices are testing the level of support 89.70. If it is resolved to continue falling, the primary purpose of which is likely to be a mark 89.40 and, further, 89.00. The probability of this outcome suggests the downward direction of the trend indicator OsMA at 4-hour chart (Figure 1). D1000own and both fixed oscillator, which so far shows no signs of reversal. On the hourly chart (Fig. 2) OsMA is oriented downward, thus confirming the assumption about the possibility of a breakthrough of the level of support and the continuation of a downward movement. Down directed and SS, and RSI.
However, in my opinion, it is still await confirmation of the breakthrough level of support 89.70, and only then consider the possibility of opening positions for sale with a close stop loss.

Support: 89.70, 89.40, 89.00, 88.70, 88.40/30, 88.00, 87.40/30, 87.00, 86.40, 86.00/85.90, 85.20/00, 84.40/30, 84.00, 83.00.
Resistance: 90.00, 90.40, 90.70, 91.00, 91.50/55, 92.00, 92.40, 92.70/85, 93.00/20, 93.50/60, 94.10/00, 94.60/50, 94.90/95.00, 95.30, 95.90 /96.00, 96.30, 97.00, 98.00, 98.60, 98.90/99.00.

USD /CHF

Prices trying to be fixed above the resistance level is 1.0445. If they succeed, it is worth waiting for further growth, the primary purpose of which is likely to be a mark 1.0490/1.0500. In favor of such an outcome can speak upward trend indicators for 4-hour chart (Fig. 3). And the trend indicator OsMA, and both oscillators are directed upwards. On the hourly chart (Figure 4) OsMA well as confidently directed upwards, thus confirming the assumption about the possibility of a breakthrough of the level of resistance and continued growth in prices. At the same time, SS (in the overbought zone) and RSI have identified a U-turn down. Therefore you should not completely exclude the possibility of a return of prices to a mark 1.0400.
Thus, in my opinion, the possibility of opening positions for the purchase with a close stop-loss should be considered only after confirmation of a breakthrough level of 1.0445.

Support: 1.0400/1.0390, 1.0360/50, 1.0320/00, 1.0280, 1.0250/40, 1.0200, 1.0175, 1.0140/30, 1.0100, 1.0070, 1.0035, 1.0000, 0.9975, 0.9940, 0.9900, 0.9800, 0.9740, 0.9700, 0.9610/00.
Resistance: 1.0445, 1.0490/1.0500, 1.0550, 1.0600, 1.0650, 1.0700, 1.0730, 1.0760, 1.0800, 1.0850/60, 1.0900, 1.0935.

EUR /USD

prices move toward the 1.4070 support level. If it is resolved to continue falling, the primary purpose of which is likely to become a mark 1.4030. On the possibility of continued downward movement allows us to speak the downward direction of the trend indicator OsMA at 4-hour chart (Fig. 5). At the same time oscillators (SS included in oversold zone) identified a U-turn in the opposite direction. Therefore you should not completely exclude the possibility that this level will not be able to pass them and start rolling back. On the hourly chart (Fig. 6) OsMA confidence is oriented downward, thus confirming the assumption that the survival probability of falling prices. SS and RSI turned different direction.
In my opinion, is to wait for clarification of the situation before making any trading decisions. Possibility of opening positions on the sale of short stop-loss is worthwhile to consider only after confirmation of a breakthrough price support level 1.4070.

Support: 1.4070, 1.4030, 1.4000, 1.3960, 1.3900, 1.3860, 1.3840/30, 1.3800, 1.3780, 1.3740/30, 1.3700.
Resistance: 1.4100, 1.4140, 1.4200, 1.4230/50, 1.4283, 1.4320/30, 1.4360, 1.4390/1.4400, 1.4430, 1.4465, 1.4500/15, 1.4550, 1.4585/1.4600, 1.4625/30, 1.4670, 1.4700, 1.4725/30, 1.4760.

GBP /USD

prices returned to the level of supf41port 1.6200. His breakthrough opens testing mark 1.6170. Such an assumption allows to state that at the 4-hour chart (Fig. 7) trend indicator OsMA acquires a downward direction. Down fixed and oscillators. On the hourly chart (Fig. 8) OsMA and RSI is also pointing down, thereby confirming the assumption of the possibility of a breakthrough price of this level of support and the continuation of a downward movement. SS, on the contrary, turned upward, thereby signaling in favor of reverting to a mark 1.6230.
In light of this, 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 level of support 1.6200.

Support: 1.6200, 1.6170, 1.6140/30, 1.6100, 1.6060, 1.6000, 1.5960, 1.5900, 1.5800, 1.5770, 1.5700, 1.5660, 1.5620/00, 1.5500, 1.5430, 1.5400.
Resistance: 1.6230, 1.6270/75, 1.6300, 1.6340, 1.63710, 1.6400, 1.6430, 1.6470, 1.6500, 1.6540, 1.6580/1.6600, 1.6640, 1.6700, 1.6730, 1.6800, 1.6900.

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