ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Bearish Channel BlackTitle:
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 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
Title:
Technical analysis of the USD/JPY pair on May 21th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its bearish movement last friday and the breakout of 79.26 gave us a new sell signal.
The pair is currently testing a pullback on this level and is also testing the upper band of its bearish channel (black lines).
All indicators are bearish.
The pair is still taking support on its bearish slant (purple line).
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 80.08.
See the previous analysis of the USD/JPY pair of May 18th, 2012
USD/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on May 18th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued its bearish rally and the breakout of 1.27 gave us a new sell signal.
The pair is still moving along the lower band of its short term bearish channel (black lines).
The opening bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.28 is resistance.
The breakout of 1.26 and 1.25 will both give a new sell signal.
In case of return above 1.28, we will wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 17th, 2012
EUR/USD Analysis
Title:
Technical analysis of the USD/JPY pair on May 18th, 2012
Commentary of the USD/JPY pair :
A strong bearish movement occured yesterday on the pair USD/JPY who got out of the range 80.09/80.41 from the bottom, giving us a sell signal.
All indicators are bearish.
Currently, the pair is testing the support at 79.26.
The pair is moving just above the upper band of its bearish channel (black lines) and seems to take support on a bearish slant (purple line).
We continue to advise short positions as far as 80.09 is resistance.
The breakout of 76.26 will give a new sell signal and open the way towards 78.50.
In case of return above 80.09, we will be neutral between this level and 80.41.
See the previous analysis of the USD/JPY pair of May 17th, 2012
USD/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on May 17th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD is testing since yesterday the support at 1.27.
This level match with the lower band of its bearish channel (black lines).
The opening bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.2850 is resistance.
The breakout of 1.27/1.2650/1.26 will all give a new sell signal.
In case of return above 1.2850, we will wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 16th, 2012
EUR/USD Analysis
Title:
Technical analysis of the EUR/USD pair on May 16th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.28 and 1.2750 both gave us a new sell signal.
Currently, the pair is testing the next support at 1.27.
This level match with the lower band of its bearish channel (black lines).
The opening bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.2850 is resistance.
The breakout of 1.27/1.2650/1.26 will all give a new sell signal.
In case of return above 1.2850, we will wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 15th, 2012
EUR/USD Analysis
Title:
Technical analysis of the USD/JPY pair on May 16th, 2012
Commentary of the USD/JPY pair :
After the pullback on the upper band of its former bearish channel (black lines), a bullish movement occured on the pair USD/JPY who is currently testing the resistance at 80.41.
All indicators are bullish.
We are neutral on the pair between 80.09 and 80.41.
We advise to wait an exit of this range to take position:
- Long above 80.41. The breakout of 80.76 will give a new buy signal
- Short below 80.09. The breakout of 79.64 will give a new sell signal.
See the previous analysis of the USD/JPY pair of May 15th, 2012
USD/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on May 15th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.2850 gave us a new sell signal.
The opening bearish gap is still not filled in.
All indicators are bearish.
The pair is still moving below the lower band its medium term bearish channel (purple lines) and seems to move on a short term bearish channel (black lines).
We continue to advise short positons as far as 1.2950 is resistance.
The breakout of 1.28 and 1.2750 will both give a new sell signal.
In case of return above 1.2950, we will wait the breakout of 1.30 to advise long positions.
See the previous analysis of the EUR/USD pair of May 14th, 2012
EUR/USD Analysis
|