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EUR/USD : Super Mario effect still works!


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#1 ⇑ Haut ⇑ 11-01-2013 11:17:28

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EUR/USD : Super Mario effect still works!

The pair EUR/USD has started yesterday a strong bullish rally during the press conference of ECB President (Mario Draghi). The return above 1.3150 first offered a buy signal, but the bullish rally has extended with strenght. The pair has also validated the upward breaks  of 1.32 and 1.3250, giving new buy signals. The price is now close to the major resistance located at 1.33, but 1.3275 is still resistance on the short term.

I advise traders to trade only long positions as far as 1.32 is support.
A stay above 1.3250 will reinforce our bulish sentiment. Upward breaks of 1.3275 and 1.33 will then offer new buy signals for an extension of the bullish rally towards 1.3350/1.34 or higher if these levels are broken.

In case of return of 1.32, then I will advise traders to wait for the breakout of 1.3150 before trading short positions.
1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-11012013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-11012013-2.png







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#2 ⇑ Haut ⇑ 21-01-2013 10:26:34

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Re: EUR/USD : Super Mario effect still works!

The pair EUR/USD has faked on Friday mid-afternoon a return below 1.33.
Since that, the price is moving between the support at 1.33 and the short term resistance  (around the 23.60% Fibonacci retracement of the last bullish movement - purple dotted line on the chart).

I advise traders to trade only long positions as far as the price will be located above 1.33
A return above 1.3350 will strengthen this feeling bullish. An upward break of 1.34 will give then a new buy signal for an extension of the bullish movement towards 1.3450 / 1.35 or higher if these levels are broken.

In case of return below, i will then advise to wait for a break-down of 1.3250 before trading short positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-21012013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-21012013-2.png




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#3 ⇑ Haut ⇑ 22-01-2013 10:56:22

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Re: EUR/USD : Super Mario effect still works!

The pair EUR/ USD emained stable yesterday around the support at 1.33.
This morning, the price has first faked a break-up of 1.3350 and is now trying to move back below 1.33.

I advise traders to trade the pair outside the range 1.3250 / 1.33:

- Only long positions above 1.33. A break of 1.3350 will give a new buy signal for a return to the major resistance located at 1.34 or higher if resistance is also broken.

- Only short positions below 1.3250. At the break-down of this level, a powerful medium term sell signal will be given. A break of 1.32 will then confirm a downtrend continuation towards 1.3150 or lower level if this level is also broken.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-22012013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-22012013-2.png




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#4 ⇑ Haut ⇑ 25-01-2013 11:25:44

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Re: EUR/USD : Super Mario effect still works!

The pair EUR/USD was relaunched yesterday afternoon its rise and first validated a breakout of 1.3350, giving us a new buy signal.
After a pullback on this level as support, the price has continued its bullish rally this morning and validated a breakout of the major resistance located at 1.34 (new buy signal). The price is currently testing the next resistance at 1.3450.

I advise traders to trade only long positions as far as the price will be located above 1.3350
A stay above 1.34 will strengthen this feeling bullish but a pullback on this level is possible. An upward break of 1.3450 will give then a new buy signal for an extension of the bullish movement towards 1.35 or higher is this level is broken.

In case of return below 1.3350, i will then advise to wait for a downward break of 1.3250 before trading short positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-25012013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-25012013-2.png




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#5 ⇑ Haut ⇑ 28-01-2013 10:48:33

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Re: EUR/USD : Super Mario effect still works!

The pair EUR/USD continued its bullish rally on Friday and has validated the upward breaks of 1.34 and then 1.3450, offering new buy signals. The price continues to evolve over a parallel of its previous uptrend channel (dotted brown line on the charts - new draw)

I advise traders to trade only long positions as far as the price will be located above 1.3350
A return above 1.3450 will strengthen this feeling bullish despite that a pullback on 1.34 stay possible as far as 1.3450 is resistance. An upward break of 1.35 will give a new buy signal for an extension of the bullish movement towards 1.3550 or higher is this level is broken.

In case of return below 1.3350, i will then advise to wait for a downward break of 1.33 before trading short positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-28012013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-28012013-2.png




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#6 ⇑ Haut ⇑ 30-01-2013 09:40:17

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Re: EUR/USD : Super Mario effect still works!

The pair EUR/USD continued its bullish rally on Friday and has validated the upward breaks of 1.34 and then 1.3450, offering new buy signals. The price continues to evolve over a parallel of its previous uptrend channel (dotted brown line on the charts - new draw)

I advise traders to trade only long positions as far as the price will be located above 1.34
A stay above 1.3450 will strengthen this bullish feeling.
An upward break of 1.35 will give a new buy signal for an extension of the bullish movement towards 1.3550 or higher is this level is broken.

In case of return below 1.34, a sell signal will be given. The price should have validated a downward break of its previous uptrend channel parallel. Traders could then trade short positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-30012013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-30012013-2.png




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#7 ⇑ Haut ⇑ 31-01-2013 10:07:16

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Re: EUR/USD : Super Mario effect still works!

The pair EUR/USD has continued yesterday its bullish trend and has validated the upward breaks of 1.35 and then 1.3550, offering new buy signals.
This morning, the price is making a small correction and is testing a pullback on the support at 1.3550. The last low is at 1.3535.
The pair continues to evolve over a parallel of its previous uptrend channel (dotted brown line on the charts).

I advise traders to trade only long positions as far as the price will be located above 1.35
A stay above 1.3550 will strengthen this bullish feeling.
An upward break of 1.36 will give a new buy signal for an extension of the bullish movement towards 1.3650 or higher is this level is broken.

In case of return below 1.35, we will be neutral between this level and 1.3450. Only the breakout of this last level will give us the sell signal.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-31012013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-31012013-2.png




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#8 ⇑ Haut ⇑ 01-02-2013 10:37:54

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Re: EUR/USD : Super Mario effect still works!

The pair EUR/USD found support on 1.3550 yesterday and has relaunched its upward trend. The price has validated a breakout of 1.36, giving us a new buy signal and is currently testing the next resistance located at 1.3650. The pair is now moving over a short term bullish slant (orange line on the 1H chart - several draws are possible).

I advise traders to trade only long positions as far as the price will be located above 1.350
A stay above 1.36 will strengthen this bullish feeling.
An upward break of 1.3650 will give a new buy signal for an extension of the bullish movement towards 1.37 or higher is this level is broken.
Be careful to the lower band of the last medium term bullish channel that could act as resistance (brown lines).

In case of return below 1.3550, we will be neutral between this level and 1.35. Only the breakout of this last level will give us the sell signal.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-01022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-01022013-2.png




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#9 ⇑ Haut ⇑ 04-02-2013 11:38:48

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Re: EUR/USD : Super Mario effect still works!

The friday session was quite volatile for the pair EUR/USD.
At the announcement of economic news, the price has felt on 1.36 to finaly rebound and reached 1.37 as resistance.
The lower band of the previous uptrend channel has also acted as resistance.
Since Friday evening, the price is falling and moving towards the support at 1.36.
The first short-term bullish slant is broken (orange dotted line on the 1H chart) and the price going to test its second bullish one (orange line).

I advise traders to trade only long positions as far as the price will be located above 1.3550
A stay above 1.36 will strengthen this bullish feeling.
An upward break of 1.3650 will give a new buy signal for an extension of the bullish movement towards 1.37 or higher is this level is broken.
Be careful to the lower band of the last medium term bullish channel that could act as resistance (brown lines).

In case of return below 1.3550, we will be neutral between this level and 1.35. Only the breakout of this last level will give us the sell signal.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-04022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-04022013-2.png




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#10 ⇑ Haut ⇑ 05-02-2013 09:45:21

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Re: EUR/USD : Super Mario effect still works!

Big bearish session yesterday for the pair EUR/USD. From 1.3650, the price has first felt towards 1.36 to validate a break out of its  short term bullish slant (orange line).
The bearish rally has continued and the price has now validated a return below 1.35 this night, giving us a sell signal. This morning, the price is trying to find support on the parallel line of its previous medium term uptrend channel (dotted brown line).

I advise traders to trade now only short positions as far as the price will be located below 1.3550
A stay below 1.35 would consolidate this bearish sentiment.
The downward breaks of 1.3450 and 1.34 would offer for new sell signals for an extension of the downtrend. At the break of 1.3450, the price should also validate the break of the parallel line of its last uptrend channel.

In case of return above 1.3550, a buy signal will be given. Traders could then trade only long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-05022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-05022013-2.png




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    EUR/USD : Super Mario effect still works!



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