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BandTitle:
Technical analysis of the XAU/USD (Gold) pair on May 23th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated yesterday a return below 1580 points, offering a sell signal and is currently testing the next support at 1560 points.
The pair is moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1580 is resistance.
The breakout of 1560 will give a new sell signal and open the way towards 1540 points.
In case of return above 1580 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 22th, 2012
XAU/USD Analysis
Title:
Technical analysis of the AUD/USD parity on May 23th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has faked yesterday a return above 0.99 and then felt and broke the support at 0.98, offering a new sell signal.
The pair is moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.99 is resistance.
The breakout of 0.9750 will give a new sell signal and open the way towards 0.97.
In case of return above 0.99, we will wait the breakout of 1.0 to advise long positons.
See the previous analysis of the AUD/USD parity of May 22th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on May 23th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found resistance yesterday on 102 and then felt below the support at 101.
The pair is moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 102 is resistance.
A return below 101 below will comfort our bearish feeling.
The breakout of 100.50 will give a new sell signal and open the way towards 100.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 22th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the USD/CAD pair on May 23th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made yesterday a pullback on the support at 1.0150 and then took up its bullish movement to test again the resistance at 1.0230.
All indicators are bullish.
The pair is currently testing the upper band of its bullish channel (black lines).
We continue to advise long positions as far as 1.01 is support.
The breakout of 1.0230 will give a new buy signal and will open the way towards 1.03.
In case of return below 1.01, we will be neutral between this level and 1.0050.
The breakout of 1.0050 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 22th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/JPY pair on May 23th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 80.09 and then felt below 79.65.
Indicators stay globaly bullish.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line who act as support).
We continue to advise short positions as far as 80.09 is resistance.
A return below 79.26 will comfort our bearish feeling.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 80.09, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 22th, 2012
USD/JPY Analysis
Title:
Technical analysis of the AUD/USD parity on May 22th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday a return above 0.99 and is currently moving just above this level.
The pair continues to move on the lower band of its bearish channel (purple lines).
All indicators are still bearish.
We continue to advise short positions as far as 0.9950 is resistance.
A return below 0.99 will comfort our bearish feeling.
The breakout of 0.98 will give a new sell signal and open the way towards 0.97.
In case of return above 0.9950, we will wait the breakout of 1.0 to advise long positons.
See the previous analysis of the AUD/USD parity of May 21th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on May 22th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY made yesterday a pullback on 101 as support.
The pair is currently testing the lower band of its bearish channel (purple lines).
Indicators stay globaly bearish.
We continue to advise short positions as far as 102 is resistance.
A return below 101 below will comfort our bearish feeling.
The breakout of 100 will give a new sell signal and open the way towards 99.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 21th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 22th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has rebounded on the support at 125.
The pair is still moving below the lower band of its falling wedge (purple lines).
Indicators stay globaly bearish.
We continue to advise short positions as far as 127 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 127, we will be neutral between this level and 128.
The breakout of 128 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 21th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the USD/JPY pair on May 22th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY got back above the resistance at 76.26 and seems to move towards a pullback on 79.65.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line who act as support).
Indicators stay globaly bearish.
We continue to advise short positions as far as 79.86 is resistance.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 79.86, we will be neutral between this level and 80.09.
See the previous analysis of the USD/JPY pair of May 21th, 2012
USD/JPY Analysis
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