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AdviseTitle:
Technical analysis of the AUD/USD parity on May 7th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated on friday the breakout of 1.0250 and 1.02, offering both a new sell signal.
The pair is currently testing the next support at 1.0150 and seems to make a false breakout of this level.
All indicators are bearish.
The pair is also testing the upper band of its bearish channel (purple lines).
We continue to advise short positions as far as 1.0250 is resistance.
The breakout of 1.0150 will give a new sell signal and open the way towards 1.01.
In case of return above 1.0250, we will wait the breakout of 1.03 to advise long positons.
See the previous analysis of the AUD/USD parity of May 4th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/CHF pair on May 7th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF continues to move below the minor resistance at 1.2030 without volatility.
All indicators are bearish.
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 4th, 2012
EUR/CHF Analysis
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Technical analysis of the EUR/GBP pair on May 7th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has opened the week on a bearish gap, allowing the breakout of the support at 0.81 (new sell signal).
The pair is currently testing the next support at 0.8050.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8125 is resistance.
The breakout of 0.8050 will give a new sell signal and open the way towards 0.80.
In case of return above 0.8125, we will be neutral between this level and 0.8150.
The breakout of 0.8150 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 4th, 2012
EUR/GBP Analysis
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Technical analysis of the EUR/JPY pair on May 7th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY is opening the week on a bearish gap and has validated the breakout of 105.50/105/104.50/404, offering all new sell signals.
The pair just found support on 103.50 and is going to test a return above 104.
All indicators are bearish.
We continue to advise short positions as far as 104.50 is resistance.
The breakout of 103.50 will give a new sell signal and open the way towards 103.
In case of return above 104.50, we will wait the breakout of 105 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 4th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 7th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has opened the week on a bearish gap and has validated the breakout of 1.3150/1.31/1.3050, giving all a new sell signals.
The pair just found support on the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positons as far as 1.31 is resistance.
The breakout of 1.30 and 1.2950 will both give a new sell signal.
In case of return above 1.31, we will wait the breakout of 1.3150 to advise long positions.
See the previous analysis of the EUR/USD pair of May 4th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/JPY pair on May 7th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has continued on friday its bearish movement and the breakout of 129.50 gave us a new sell signal.
All indicators are bearish.
Currently, the pair is testing the support at 128.85.
We continue to advise short positions as far as 130.15 is resistance.
The breakout of 128.85 will give a new sell signal and open the way towards 127.70.
In case of return above 130.15, we will be neutral between this level and 130.50.
The breakout of 130.50 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 4th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/USD pair on May 7th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its correction and got back below 1.6150.
All indicators are bearish.
We are neutral on the pair between 1.61 and 1.6150.
We advise to wait an exit of this range to take position:
- Long above 1.6150. The breakout of 1.62 will give a new buy signal
- Short below 1.61. The breakout of 1.6050 will give a new sell signal.
See the previous analysis of the GBP/USD pair of May 4th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 7th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement last friday and the breakout of 0.80 gave us a new sell signal.
The pair has opened the week on a bearish gap, below the support at 0.7950 (new sell signal).
All indicators are bearish.
The pair is moving into its former bearish channel (purple lines).
We continue to advise short positions as far as 0.8050 is resistance.
The breakout of 0.79 will give a new sell signal and open the way towards 0.7850.
In case of return above 0.8050, we will be neutral between this level and 0.81.
See the previous analysis of the NZD/USD pair of May 4th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on May 7th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD broke last friday the resistance at 0.9925, giving us a buy signal.
The pair got out of its bearish channel (purple lines) and has just validated the breakout of the resistance at 0.9965.
All indicators are bullish.
We continue to advise long positions as far as 0.9911 is support.
The breakout of 1.0020 will give a new buy signal and will open the way towards 1.0050.
In case of return below 0.9911, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 4th, 2012
USD/CAD Analysis
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