The technical analysis of currency pairs 04.02.2010

Written by admin on March 24th, 2010

USD /JPY

Prices are testing the resistance level of 91.00. If he will be overcome to continue growth, the primary purpose of which is likely to become a mark 91.50/55. But at 4-hour chart (Figure 1) trend indicator OsMA bought a downward direction. Therefore, it is possible that this level will not be passed and prices, rebounding from him, will fall to a mark of 90.70, and, further, 90.40. Oscillators turned different directions. On the hourly chart (Fig. 2) OsMA acquires an upward trend. Up around and SS, and RSI. All this confirms the supposition about the possibility of a breakthrough level of 91.00 and the continuation of price growth.
In my opinion, is to wait for clarification of the situation and only then take any commercial decisions. Short-term position for the purchase with a close stop-loss to open only after confirming the breakthrough level of 91.00.
Support: 90.70, 90.40, 90.00, 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: 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.

USD /CHF

Prices are consolidated in the 1.0600 resistance level. If he is overcome, it is worth waiting for further gr1000owth, the primary purpose of which is likely to become a mark 1.0650. In favor of such an outcome can say that at the 4-hour chart (Figure 3) trend indicator OsMA confident enough upwards. In the bull towards the fixed and both oscillator. It is worth noting that SS already overbought zone and, consequently, may give a signal the beginning of a rollback. On the hourly chart (Figure 4) the situation is the same. OsMA acquires an upward trend. Up around and SS, and RSI. All this confirms the supposition about the possibility of breaking a mark 1.0600, and the continuation of the ascending phase of the movement.
However, in my opinion, the possibility of opening positions for the purchase with a close stop-loss should be considered only after the confirmation of a breakthrough price resistance level 1.0600.

Support: 1.0550, 1.0500/1.0490, 1.0445, 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.
Resistance: 1.0600, 1.0650, 1.0700, 1.0730, 1.0760, 1.0800, 1.0850/60, 1.0900, 1.0935, 1.1000/10, 1.1050/60, 1.1100/20.

EUR /USD

prices resumed their downward movement. At the moment, they move to the 1.3860 support level (local minimum achieved in 8 months). If he will be overcome to continue falling, the primary purpose of which is likely to become a mark 1.3830, and, further, 1.3800. In favor of such an outcome can say what OsMA trend indicator at 4-hour chart (Fig. 5), confidently directed downward. At the same time, the oscillators have identified a U-turn in the opposite direction. So do not completely exclude the possibility of starting the rollback. On the hourly chart (Fig. 6) OsMA upward. In the bull towards the unfolded and SS, and RSI. All this confirms the supposition about the possibility of the return to a mark 1.3900.
Having said that, in my opinion, the possibility of opening positions for sale with a close stop-loss should be considered only after confirmation of a breakthrough price support level 1.3860.

Support: 1.3860, 1.3840/30, 1.3800, 1.3780, 1.3740/30, 1.3700, 1.3680, 1.3630, 1.3600, 1.3560, 1.3500, 1.3460/50, 1.3400, 1.3370, 1.3340, 1.3300.
Resistance: 1.3900, 1.3960, 1.4000, 1.4030, 1.4070, 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.

GBP /USD

prices move to a mark 1.5860. If they manage to overcome this level, it is worth waiting for further decline, the primary purpose of which is likely to become a mark 1.5800. The probability of this outcome suggests that, at the 4-hour graph (fig. 7) trend indicator OsMA confident enough downward. Oscillators, by contrast, have identified a U-turn in the opposite direction (SS in oversold zone), indicating in favor of rolling back to a mark 1.5900. On the hourly chart (Fig. 8) the situation is the same. OsMA directed downward, which confirms the assumption that the survival probability of downward movement. SS and RSI is ready to deploy in the opposite direction. Therefore, relapsing course we are not completely eliminated.
Thus, in my opinion, the possibility of opening positions for sale with a close stop-loss should be considered only after the confirmation of a breakthrough price support level 1.5860.

Support: 1.5860, 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.
Resistance: 1.5900, 1.5960, 1.6000, 1.6060, 1.6100, 1.6130/40, 1.6170, 1.6200, 1.6230, 1.6270/75, 1.6300, 1b5e.6340, 1.63710, 1.6400, 1.6430, 1.6470, 1.6500, 1.6540, 1.6580/1.6600, 1.6640, 1.6700.

China is not yet ready to make the world reserve currency yuan
Expert: Ukrainian Government Bonds more attractive
Prosecutor General"s Office filedd1ain the District adminsud Kiev claim for cancellation of the Cabinet on 23 December 2009 № 1375
Trading on Russian sites today carotid, the pressure on the dynamics of exchanges was not very good statistics for Europe
By the end of today"s session on the Russian market will be dominated by neutral dynamics of auction
Amid falling prices for metals stocks look weak metallurgical sector, with the exception of Severstal, which is trading better than the market
Expensive gas reduces the share of Gazprom in the global market
Overview of the oil market for 03.02.10
Europe against U.S.

 

Leave a Comment