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Technical analysis of the AUD/USD parity on March 13th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD found support yesterday on 1.05 and is currently testing the resistance at 1.0550.
The pair is currently testing the upper band of its previous descending triangle.
All indicators are bearish.
We advise to trade the pair according the key level at 1.06:
- Only short positions below 1.06. The breakout of 1.05 will give a new sell signal and open the way towards 1.04
- Only long positions above 1.06. The breakout of 1.0650 will give a new buy signal and open the way towards 1.07.
See the previous analysis of the AUD/USD parity of March 12th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/GBP pair on March 13th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found support yesterday on 0.8350 and just validated a return above 0.84, offering a buy signal.
Indicators are getting globaly bullish.
We continue to advise to trade the pair according to key level 0.84.
Below 0.84 - We advise to trade only short positions. The breakout of 0.8350 will give a new sell signal and open the way towards 0.83.
Above 0.84 - We advise to trade only long positions. The breakout of 0.8450 will give a new buy signal and open the way towards 0.85.
See the previous analysis of the EUR/GBP pair of March 13th, 2012
EUR/GBP Analysis
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Technical analysis of the USD/CAD pair on March 13th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is moving since Friday between the support at 0.99 and the resistance at 0.9937.
The pair is currently testing the support at 0.99.
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 12th, 2012
USD/CAD Analysis
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Special Report: Mario Draghi's quiet revolution
(Reuters) - On December 8 last year, Mario Draghi sat down to chair his second policy meeting as European Central Bank president.
Wearing the same understated, dark blue tie he had sported when he led the ECB to a surprise interest rate cut at his first meeting as president a month earlier, Europe's most powerful banker wanted to hear his colleagues' arguments on what action to take this time.
The meeting, held on the 36th floor of the ECB's glass and steel Frankfurt headquarters, opened with recommendations from veteran policymaker and chief economist Juergen Stark, a German, according to two people present. Made in the Bundesbank's inflation-fighting mould, Stark felt the Council should wait to see how price pressures developed before moving again. Inflation was running at 3 percent, ...
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Technical analysis of the EUR/GBP pair on March 12th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move between the support at 0.8350 and the resistance at 0.84.
Indicators are globaly bearish.
We continue to advise to trade the pair according to key level 0.84.
Below 0.84 - We advise to trade only short positions. The breakout of 0.8350 will give a new sell signal and open the way towards 0.83.
Above 0.84 - We advise to trade only long positions. The breakout of 0.8450 will give a new buy signal and open the way towards 0.85.
See the previous analysis of the EUR/GBP pair of March 12th, 2012
EUR/GBP Analysis
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Technical analysis of the USD/CAD pair on March 12th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is moving since Friday between the support at 0.99 and the resistance at 0.9937.
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 9th, 2012
USD/CAD Analysis
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Technical analysis of the EUR/GBP pair on March 9th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP made a pullback yesterday on 0.84 as resistance and is now falling.
Indicators are globaly bearish.
We continue to advise to trade the pair according to key level 0.84.
Below 0.84 - We advise to trade only short positions. The breakout of 0.8350 will give a new sell signal and open the way towards 0.83.
Above 0.84 - We advise to trade only long positions. The breakout of 0.8450 will give a new buy signal and open the way towards 0.85.
See the previous analysis of the EUR/GBP pair of March 8th, 2012
EUR/GBP Analysis
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Technical analysis of the USD/CAD pair on March 9th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bearish movement and the breakout of 0.9937 gave us a sell signal.
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9972 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9972, a buy signal will be given.
See the previous analysis of the USD/CAD pair of March 8th, 2012
USD/CAD Analysis
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Technical analysis of the EUR/GBP pair on March 8th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP is still moving just above 0.8350 with a big volatility.
Indicators stay globaly bearish.
We continue to advise to trade the pair according to key level 0.84.
Below 0.84 - We advise to trade only short positions. The breakout of 0.8350 will give a new sell signal and open the way towards 0.83.
Above 0.84 - We advise to trade only long positions. The breakout of 0.8450 will give a new buy signal and open the way towards 0.85.
See the previous analysis of the EUR/GBP pair of March 7th, 2012
EUR/GBP Analysis
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