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Analysis Of The Nzd/usd ParityTitle:
Technical analysis of the NZD/USD parity on June 25th, 2010
Commentary of the NZD/USD parity :
The parity broke its bullish slant (purple line) and we are now neutral on the parity between 0.70 and 0.71. We will wait a break out of one of these two bands to take positions :
- Long if 0.71 is broken
- Short if 0.70 is broken
See the previous analysis of the NZD/USD parity of June 24th, 2010
Title:
Technical analysis of the NZD/USD parity on June 24th, 2010
Commentary of the NZD/USD parity :
0.7158 again acted as resistance. The break out of this level will give a new buy signal. Then, the parity made a correction towards the bullish slant which is currently tested. We maintain to trade only long positions as far as the slant is support. In case of break out, we will stay neutral. Only a break out of 0.70 will allow us to trade short positions.
See the previous analysis of the NZD/USD parity of June 23th, 2010
Title:
Technical analysis of the NZD/USD parity on June 23th, 2010
Commentary of the NZD/USD parity :
The correction seems to have ended on the bullish slant (purple line). We maintain to trade only long positions as far as the slant is support. The break out of 0.7158 will give a new buy signal. If the slant is broken, we will stay neutral. Only a break out of 0.70 will allow us to trade short positions.
See the previous analysis of the NZD/USD parity of June 22th, 2010
Title:
Technical analysis of the NZD/USD parity on June 22th, 2010
Commentary of the NZD/USD parity :
A correction occured on the parity and the bullish gap has been fulfilled. We maintain to trade only long positions as far as the bullish slant is support. The break out of 0.7158 will give a new buy signal.
See the previous analysis of the NZD/USD parity of June 21th, 2010
Title:
Technical analysis of the NZD/USD parity on June 21th, 2010
Commentary of the NZD/USD parity :
A bullish gap occured at the opening and the break out of 0.71 gave us a new buy signal. Then, 0.7158 acted as resistance. The break out of this level will give a new buy signal. Be careful, the bullish gap has not been fulfilled and so a correction is possible. However, we maintain to trade only long positions as far as the bullish slant (purple line) is support.
See the previous analysis of the NZD/USD parity of June 18th, 2010
Title:
Technical analysis of the NZD/USD parity on June 18th, 2010
Commentary of the NZD/USD parity :
The break out of 0.70 gave us a new buy signal. The next resistance is at 0.71. The break out of this level will give a new buy signal. A bullish slant (purple line) seems to give support to the price. We maintain to trade only long positions as far as it is the case. If the slant is broken, we will stay neutral.
See the previous analysis of the NZD/USD parity of June 17th, 2010
Title:
Technical analysis of the NZD/USD parity on June 17th, 2010
Commentary of the NZD/USD parity :
0.70 acted again as resistance and also the upper band of our former bearish channel. The break out of 0.70 will give a new buy signal. The next resistance is at 0.71. We maintain to trade only long positions as far as 0.69 is support. If this level is broken, a sell signal will be given.
See the previous analysis of the NZD/USD parity of June 16th, 2010
Title:
Technical analysis of the NZD/USD parity on June 16th, 2010
Commentary of the NZD/USD parity :
0.70 acted again as resistance and also the upper band of our former bearish channel. The break out of 0.70 will give a new buy signal. Currently, the parity is making a correction. We maintain to trade only long positions as far as 0.69 is support. If this level is broken, we will stay neutral.
See the previous analysis of the NZD/USD parity of June 15th, 2010
Title:
Technical analysis of the NZD/USD parity on June 15th, 2010
Commentary of the NZD/USD parity :
The resistance at 0.6940 has been broken, giving us a new buy signal. Then, 0.70 has been reached but the upper band of our former bearish channel acted as resistance. Currently, the parity is making a correction but we maintain to trade only long positions as far as 0.6870 is support. If this level is broken, we will stay neutral. However, the break out of 0.70 will give a new buy signal.
See the previous analysis of the NZD/USD parity of June 14th, 2010
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