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Advise To Trade OnlyTitle:
Technical analysis of the GBP/JPY pair on February 6th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY is currently testing the resistance at 121 and is moving above a bullish slant (purple line).
All indicators are bullish.
The resistance at 121 is a very strong zone of resistance on the medium term.
We continue to advise short positions as far as 121 is resistance.
The breakout of 120.50 (and so of the bullish slant) will give a new sell signal and open the way towards 120.
In case of return above 121, a buy signal will be given.
We will then ...
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Technical analysis of the GBP/JPY pair on January 30th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY just got out of the range 120.50/121 from the bottom, gving us a sell signal.
All indicators are getting bearish.
We now advise to trade only short positions as far as 121 is resistance.
The breakout of 120 will give a new sell signal and open the way towards 119.32.
In case of return above 121, a buy signal will be given.
See the previous analysis of the GBP/JPY pair of January 27th, 2012
GBP/JPY Analysis
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EUR Rallies Following Positive Global Data
The euro was largely up during yesterday's trading session, as positive global data led to risk taking among traders. A successful Spanish debt auction combined with a lower than forecasted US Unemployment Claims were largely responsible for the euro's bullish trend. That being said, analysts are warning that the overall trend for the common currency is still down and that considerably better euro-zone news is needed before a meaningful reversal will take place.
Economic News
USD - USD ...
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Technical analysis of the EUR/GBP pair on January 20th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has validated yesterday the breakout of 0.8350, offering a buy signal.
The pair continues to move into its bearish channel (purple lines) and found resistance on 0.8350.
All indicators are bullish.
We maintain to trade only long positions as far as 0.8325 is support.
The breakout of 0.84 and 0.8450 will both give a new buy signal.
In case of return below 0.8325, we will wait the breakout of 0.83 to advise short positions.
See the previous ...
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Technical analysis of the USD/JPY pair on January 20th, 2012
Commentary of the USD/JPY pair :
A strong bullish movement occured yesterday on the pair USD/JPY who broke the resistance at 77, giving us a buy signal.
The next resistance at 77.33 has been tested.
All indicators are bullish.
We now advise to trade only long positions as far as 77 is support.
The breakout of 77.33 and 77.58 will both give a new buy signal.
In case of return below 77, a sell signal will be given.
See the previous analysis of the USD/JPY pair of January 19th, 2012
USD/JPY ...
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Technical analysis of the XAU/USD (Gold) pair on January 6th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made yesterday a pullback on 1600 points.
The pair is back on one of the midline of its long term bullish channel.
All indicators are bullish.
We maintain to trade only long positions as far as 1600 points is support.
The breakout of 1620 and 1650 will both give a new buy signal.
In case of return below 1600 points, we will wait the breakout of 1580 to advise short positions.
See the previous analysis of the XAU/USD pair of January ...
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Technical analysis of the EUR/GBP pair on January 6th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP is currently testing the support at 0.8250.
The pair is still moving below its bearish slant (purple line).
Indicators are getting globaly bearish.
We maintain to trade only short positions as far as 0.8325 is resistance.
The breakout of 0.8250 will give a new sell signal and open the way towards 0.82.
In case of return above 0.8325, we will wait the breakout of 0.8350 to advise long positions.
See the previous analysis of the EUR/GBP pair ...
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Analysis: Investors ponder Hungary default risk, contagion
(Reuters) - A selloff in Hungarian financial markets is forcing investors to weigh the possibility of a default in the European Union state and the risk of contagion to other regional economies.
The rising cost of insuring government and bank debt in neighboring euro zone member Austria because of exposure to Hungary is a case in point.
Hungary needs to find around $16.5 billion this year to repay debt owed to bondholders and the International Monetary Fund but is effectively cut off from ...
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Technical analysis of the XAU/USD (Gold) pair on January 5th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated a return above 1600 points, offering a buy signal.
The pair is currently testing of the midline of its long term bullish channel.
All indicators are bullish.
We maintain to trade only long positions as far as 1600 points is support.
The breakout of 1620 and 1650 will both give a new buy signal.
In case of return below 1600 points, we will wait the breakout of 1580 to advise short positions.
See the previous analysis of ...
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