Friday, March 27, 2009

Daily Technical Analysis Forex/DJIA/Gold

Daily Forex Technicals | Written by FOREX Ltd |
CHF
The assumed test of key resistance range was confirmed with conditions for the realization of the pre-planned long positions. OsMA trend indicator having marked preservation of low activity and current bearish cycle of indicator chart gives reasons for preservation of open short positions for today as well. Hence the targets for short positions will be 1.1180/1.1200, 1.1120/40 and/or further breakout variant below 1.1080 with targets up to 1.1020/40, 1.0940/60, 1.0820/40. The alternative for buyers will be above 1.1360 with targets 1.1400/20, 1.1460/80, 1.1520/40.
GBP
The pre-planned breakout variant for sells was realized with attainment of minimal assumed target. OsMA trend indicator, having marked preservation of minimal bearish activity advantage nevertheless is not a confirming sign for priority of bearish direction in trading operations planning for today. Hence considering the current situation as indefinite and targeting at trading risks decrease we assume the possibility of rate return to upper boundary of Ichimoku cloud at 1.4580/1.4620, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For short-term sells on condition of formation of topping signals the targets will be 1.4480/1.4520, 1.4360/1.4400, 1.4280/1.4300 and/or further breakout variant up to 1.4210/30, 1.4140/60, 1.4020/60. An alternative for buyers will be above 1.4660 with targets 1.4700/20, 1.4760/80, 1.4820,40, 1.4960/1.5000.
JPY
The pre-planned breakout variant for buying positions was realized but with failure in attainment of minimal assumed targets. OsMA trend indicator, having marked the high of the current week by the sign of pair overbought and by further relative bearish activity rise is not a definite sign for confident choice of sells planning priorities for today. Hence supporting version of possible range rate movement we assume attainment of channel line '1' at 97.00/20, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 97.60/80, 98.40/60, 99.00/20 and/or further breakout variant up to 99.60/80, 100.20/40. An alternative for sells will be below 96.00 with targets 95.20/40, 94.60/80, 93.80/94.20.
EUR
The pre-planned buying positions from key supports were realized with attainment of minimal assumed target. OsMA trend indicator, having marked preservation of low activity of both parties as before continues supporting version of range rate movement for the choice of planning priorities for today. Hence we assume the possibility of rate return to 1.3480/1.3500 supports, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.3540/60, 1.3620/40, 1.3700/40 and/or further breakout variant up to 1.3780/1.3800, 1.3840,90, 1.3900/20. An alternative for sells will be below 1.3400 with targets 1.3340/60, 1.3280/1.3300, and 1.3160/1.3200.
Gold 933
Initial support at 912 (Fib Retracement) followed by 883 (Mar 18 low). Initial resistance is now at 967 (Mar 20 high) followed by 978 (Feb 25 high).
Commodity Sup 2 Sup 1 Spot Res 1 Res 2
XAU/USD 883.00 912.00 933.00 967.00 978.00
DOW JONES INDEX
Today's support: - 7830.00 and 7796.18 (main), where a delay and correction may happen. Break of the latter will give 7752.66, where correction also can be. Then follows 7717.50. Be there a strong impulse, we would see 7689.37. Continuation will bring 7644.38 and 7893.75.
Today's resistance: - 7939.68 and 7970.64(main), where a delay and correction may happen. Break would bring 7998.66, where a correction may happen. Then follows 8021.30, where a delay and correction could also be. Be there a strong impulse, we'd see 8039.44. Continuation would bring 8076.13 and 8104.65.
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