Prices EUR / USD pair consolidated in range bound levels of 1.4780 - 1.4815

Written by admin on September 23rd, 2009

USD /JPY

Prices are consolidated in the level of support 90.70. If it is resolved to continue falling, the primary purpose of which is likely to become a mark 90.00. The probability of this outcome suggests that the trend indicator OsMA at 4-hour chart (Figure 1) confidently downward. At the same time, the oscillators are turned in the opposite direction (SS out of the oversold zone). Therefore you should not completely exclude the possibility of reverse course to a mark 91.00. On the hourly chart (Fig. 2) OsMA takes upward direction, thereby signaling in favor of upward correction. SS and RSI turned bearish in the direction.

Thus, in my opinion, the situation is uncertain. Possibility of opening positions on the sale of short stop-loss should be considered only after confirmation of a breakthrough level of 90.70.

Support: 90.70, 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

pair reached the annual minimum. Prices are moving to the level of support 1.0200. His breakthrough opens testing 1.0175 mark, and, further, 1.0130. In favor of downward movement can say that at 4-hour chart (Fig. 3) trend indicator OsMA confidently directed downward. At the same time, SS (out of the oversold zone) is directed upwards. Therefore, all the same not be entirely ruled out rollback to a mark 1.0250. On the hourly chart (Figure 4) OsMA and oscillator SS directed downward, thereby confirming the assumption about the possibility of a breakthrough of the level of support and the continuation of falling prices. RSI is preparing to turn in the opposite direction. Narrowing the band Bolinzhera suggests low volatility and, hence, consolidation within a fairly narrow range.

In light of this, in my opinion, the possibility of opening positions on the sale with a close stop-loss is worthwhile to consider after the confirmation of a breakthrough level of support 1.0200.

Support: 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: 1.0250, 1.0280, 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 are consolidated in a range bound by 1.4780 - 1.4815. That trend indicator OsMA at 4-hour chart (Fig. 5) is directed upwards, allows us to speak in favor of the fact that out of range happens to break its upper boundary. In this case it is necessary to wait for further price increases, the primary purpose of which is likely to become a mark 1.4840, and, further, 1.4870. At the same time, SS is downward, in the same direction is set and RSI, indicating the benefit of falling prices to a mark 1.4780. The situation on the hourly chart (Fig. 6) indicates the probability of falling prices. OsMA acquired a downward direction. In a bearish direction of unfolding and oscillators.

Having said that, in my opinion, is to wait for clarification of the situation and only then take any trading decisions. Positions with a close stop-loss in the opening direction of the break after the release of the band.

Support: 1.4800, 1.4760, 1.4730/25, 1.4700, 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: 1.4840, 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

level of 1.6400 was unable to overcome the couple and prices began to roll back. As part of this movement pair test 1.6370 support level. If it is overcome, it is worth waiting for further falls, the primary purpose of which is likely to become a mark 1.6340, and, further, 1.6300. In favor of continued downward movement allows us to speak the direction indicators on the 4-hour chart (Fig. 7). Trend indicator OsMA acquires a downward direction, down, and both fixed oscillator. The situation on the hourly chart (Fig. 8) confirms a guess. OsMA, SS and RSI are directed downward, thereby indicating the possibility of a breakthrough of the level of support and further decline.

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 level of support 1.6370.

Support: 1.6370, 1.6340, 1.6300, 1.6275/70, 1.6230, 1.6200, 1.6170, 1.6140/30, 1.6100, 1.6060, 1.6000, 1.5975/60, 1.5900, 1.5800, 1.5770, 1.5700, 1.5660, 1.5620/00, 1.5500.

Resistance: 1.6400, 1.6470, 1.6500, 1.6540/60, 1.6600, 1.6640, 1.6700, 1.6730, 1.6800, 1.6900, 1.6970, 1.7000, 1.7060, 1.7100.

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