ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Analysis Of The Usd/jpy ParityTitle:
Technical analysis of the USD/JPY parity on July 28th, 2010
Commentary of the USD/JPY parity :
The parity made a pullback on 86.86 and then, the breakout of 87.50 gave us a new buy signal. We maintain to trade only long positions as far as 87.67 is support. The next resistance is at 88.35. The breakout of this level will give a new buy signal. If 87.67 is broken, we will stay neutral.
See the previous analysis of the USD/JPY parity of July 27th, 2010
Title:
Technical analysis of the USD/JPY parity on July 27th, 2010
Commentary of the USD/JPY parity :
A false breakout of 87 occured and we maintain to trade only long positions as far as 86.86 is support. The breakout of 87.50 will give a new buy signal. However, if 86.86 is broken, a sell signal will be given.
See the previous analysis of the USD/JPY parity of July 26th, 2010
Title:
Technical analysis of the USD/JPY parity on July 26th, 2010
Commentary of the USD/JPY parity :
The parity broke its bearish slant, giving us a buy signal. Currently, the price is making a strong correction. However, we advise to trade only long positions as far as 87 is support. The breakout of 87.50 will give a new buy signal. However, if 87 is broken, we could trade again short positions.
See the previous analysis of the USD/JPY parity of July 23th, 2010
Title:
Technical analysis of the USD/JPY parity on July 23th, 2010
Commentary of the USD/JPY parity :
The parity reached again its support at 86.33. This level allowed a rebound of the parity. Currently, the parity is testing the resistance at 83. A bearish slant also seems to give resistance. We maintain to trade only short positions as far as it is the case. The break out of 86.33 will give a new sell siganl. However, if the slant is broken, a buy signal will be given.
See the previous analysis of the USD/JPY parity of July 22th, 2010
Title:
Technical analysis of the USD/JPY parity on July 22th, 2010
Commentary of the USD/JPY parity :
The parity got out of its range from the bottom. The break out of 87 gave us a sell signal. So, we advise to trade only short positions as far as this level is resistance. Currently, the parity is testing the support at 86.33. The break out of this level will give a new sell signal.
See the previous analysis of the USD/JPY parity of July 21th, 2010
Title:
Technical analysis of the USD/JPY parity on July 21th, 2010
Commentary of the USD/JPY parity :
The parity got out of its bearish channel and 87 is now support. Then, 87.50 acted as resistance. So, we are now neutral on the parity as far as the price is moving between 87.0 and 87.50. We will wait a breakout of one of these two bands to take position:
- Long if 87.50 is broken
- Short if 87.00 is broken
See the previous analysis of the USD/JPY parity of July 20th, 2010
Title:
Technical analysis of the USD/JPY parity on July 20th, 2010
Commentary of the USD/JPY parity :
The parity is currently testing a new pullback on 87. The parity also moved into a bearish channel (purple lines). We maintain to trade only short positions as far as it is the case. The break out of 86.32 will give a new sell signal. If an exit of the channel occur, we will be neutral.
See the previous analysis of the USD/JPY parity of July 19th, 2010
Title:
Technical analysis of the USD/JPY parity on July 19th, 2010
Commentary of the USD/JPY parity :
The parity continues its bearish movement and the break out of 87 gave us a new sell signal. The next support is at 86.32 and is a daily support. The break out of this level will give a new sell signal. We maintain to trade only short positions as far as 87.50 is resistance. If this level is broken, we will stay neutral.
See the previous analysis of the USD/JPY parity of July 15th, 2010
Title:
Technical analysis of the USD/JPY parity on July 15th, 2010
Commentary of the USD/JPY parity :
The parity finaly took up its bearish movement and the breakout of 88.34 gave us a sell signal. We now advise to trade only short positions as far as this level is resistance. The next support is at 87.50. The break out of this level will give a new sell signal. However, if the price get back above 88.34, we will advise to trade again long positions.
See the previous analysis of the USD/JPY parity of July 14th, 2010
|