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Technical analysis of the USD/CHF pair on May 14th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued its bullish movement by opening the week on a bullish gap, leading to the breakout of the resistance at 0.93 (new buy signal).
The opening gap is still not filled in.
All indicators are bullish.
We continue to advise long positons as far as 0.9250 is support.
The breakout of 0.9350 will give a new buy signal and open the way towards 0.94.
In case of return below 0.9250, we will be neutral between this level and 0.92.
See the previous analysis of the USD/CHF pair of May 11th, 2012
USD/CHF Analysis
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Technical analysis of the USD/JPY pair on May 14th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has opened on a small bullish gap who has been filled in and got out of its bearish channel (black lines).
The pair just made a pullback on the resistance at 80.
All indicators are bullish.
We continue to advise short positions as far as 80.41 is resistance.
The breakout of 79.64 will give a new sell signal and open the way towards 79.
In case of return above 80.41, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 11th, 2012
USD/JPY Analysis
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Technical analysis of the XAU/USD (Gold) pair on May 11th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made yesterday a pullback on 1600 points as resistance and is now going to test again the support at 1580 points.
The pair continues to move on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1620 points is resistance.
The breakout of 1580 will both a new sell signal and open the way towards 1550 points.
In case of return above 1620 points, we will wait the breakout of 1640 to advise long positions.
See the previous analysis of the XAU/USD pair of May 10th, 2012
XAU/USD Analysis
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Technical analysis of the AUD/USD parity on May 10th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has faked yesterday an exit of its bearish channel (purple lines) and also a return above 1.01.
The pair is currently falling and is trying a breakout of 1.0050.
All indicators are bearish.
We continue to advise short positions as far as 1.0150 is resistance.
The breakout of 1.0050 will give a new sell signal and open the way towards 1.0.
In case of return above 1.0150, we will wait the breakout of 1.02 to advise long positons.
See the previous analysis of the AUD/USD parity of May 11th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/CHF pair on May 11th, 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 10th, 2012
EUR/CHF Analysis
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Technical analysis of the EUR/GBP pair on May 11th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move on the support at 0.80.
Currently, the pair is moving toward a pullback on 0.8050 as resistance.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.8075, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 10th, 2012
EUR/GBP Analysis
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Technical analysis of the EUR/JPY pair on May 11th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move into its bearish slant (purple line).
The pair has faked yesterday a return above 103.50 and is currently testing again the support at 103.
All indicators are bearish.
We continue to advise short positions as far as 104 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
In case of return above 104, we will wait the breakout of 104.50 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 10th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 11th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made a pullback yesterday on the lower band of its bearish channel (purple lines).
The pair has validated the breakout of 1.2950 and is currently testing the next support at 1.29.
All indicators are bearish.
We continue to advise short positons as far as 1.3050 is resistance.
The breakout of 1.29 and 1.2850 will both give a new sell signal.
In case of return above 1.3050, we will wait the breakout of 1.31 to advise long positions.
See the previous analysis of the EUR/USD pair of May 10th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/JPY pair on May 11th, 2012
Commentary of the GBP/JPY pair :
The pair GPB/JPY got out of its falling wedge (reversal pattern) and just made a pullback on the upper band.
Indicators are mitigated.
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 10th, 2012
GBP/JPY Analysis
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