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BearishTitle:
Technical analysis of the EUR/USD pair on June 20th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD just found resistance on 1.43 and is currently moving towards 1.42.
The pair is moving below its short term bearish slant (not drawn on the chart).
Indicators are mitigated.
We stay neutral on the pair between 1.42 and 1.43.
We advise to wait an exit of this range to take position:
- Long if 1.43 is broken. The breakout of 1.44 will give a new buy signal
- Short if 1.42 is broken. The breakout of 1.41 will give a new sell signal.
See the previous analysis of the EUR/USD pair of June 17th, 2011
Title:
Technical analysis of the GBP/JPY pair on June 20th, 2011
Commentary of the GBP/JPY pair :
The pair GBP/JPY continued its bearish movement and the breakout of 131.18 (level 50%) gave us a new sell signal.
The pair is going to test the next support at 129.09 (level 61.80%).
We maintain to trade only short positions as far as 130.26 is resistance.
The breakout of 129.09 will give a new sell signal and open the way towards 128.
However, if 130.26 is broken, we will be neutral.
See the previous analysis of the GBP/JPY pair of June 17th, 2011
Title:
Technical analysis of the USD/CHF pair on June 20th, 2011
Commentary of the USD/CHF pair :
The pair USD/CHF made a pullback on 0.8450 and then took up its bearish movement.
Currently, the pair is moving on the resistance at 0.85.
We maintain to trade only long positions as far as 0.8450 is support.
The breakout of 0.8550 will give a new buy signal and open the way towards 0.86.
However, if 0.8450 is broken, a sell signal will be given and we will then advise to trade the pair according to this key level.
See the previous analysis of the USD/CHF pair of June 17th, 2011
Title:
Technical analysis of the USD/JPY pair on June 20th, 2011
Commentary of the USD/JPY pair :
A strong bearish movement occured on the pair USD/JPY which just got out of its neutral zone 80.20/80.50 from the bottom, giving is a sell signal.
We maintain to trade only short positions as far as 80.60 is resistance.
The breakout of 79.80 will give a new sell signal and open the way towards 79.50.
However, if 80.60 is broken, we will be neutral.
See the previous analysis of the USD/JPY pair of June 17th, 2011
Title:
EUR volatile
USD
The euro weakened towards the end of the Asia session, having earlier found support after the IMF predicted a positive outcome from Monday’s meeting of Eurozone finance ministers. Nevertheless, uncertainty prevails over whether Greece will receive the next quarterly instalment of funds, and whether parliamentary approval of the new austerity measures is still a prerequisite. EURUSD recovered and traded at 1.4128-1.4222, while USDJPY traded at 80.49-80.76.
Asian stocks were generally weaker, although the S&P500 earlier managed to close just inside positive territory.
EUR
The IMF said that they look for a positive outcome from the June 20 Eurogroup meeting. It is the first official news we have heard, following several news reports suggesting they would release their ?3.3bn portion of ...
Title:
Republican Debates Factoring into UoM Sentiment Report?
With the Republican debates kicking off this past week, and Rep. Anthony Weiner (D-NY) stepping down from office from his recent scandal, criticism of President Obama's economic policies and stimulus will likely get revved up, possibly leading to a steep decline in American confidence levels, which will get reported on by the University of Michigan (UoM) today. The US dollar may not see much weakness from this turn of events, however, as it tends to do well in times of risk aversion.
Economic News
USD - US Dollar Mixed as Traders Weigh Manufacturing Data
Poor economic data out of the United States continued to weigh on the US dollar yesterday as investors continued to eye the interest rate differentials between the US and Europe. Yesterday's manufacturing data out of Philadelphia ...
Title:
Technical analysis of the AUD/USD parity on June 17th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD found support yesterday on 1.05.
All indicators are bearish.
We maintain to trade only short positions as far as 1.0650 is resistance.
The breakout of 1.05 will give a new sell signal and open the way towards 1.04.
However, if 1.0650 is broken, we will wait the breakout of 1.07 to trade long positions.
See the previous analysis of the AUD/USD parity of June 16th, 2011
Title:
Technical analysis of the EUR/CHF pair on June 17th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF just made a new historical lowest at 1.1950 in extension.
All indicators are bearish.
We maintain to trade the pair according to the key level at 1.22:
- Long above 1.22. The breakout of 1.23 and 1.24 will both give a new buy signal
- Short below 1.22. The breakout of 1.20 will give a new sell signal and open the way towards new historical lows.
See the previous analysis of the EUR/CHF pair of June 16th, 2011
Title:
Technical analysis of the EUR/GBP pair on June 17th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP faked a breakout yesterday of 0.8750.
The pair just made a pullback on 0.88 as resistance.
Indicators are bearish.
We maintain to trade only short positions as far as 0.8850 is resistance.
The breakout of 0.8750 will give a new sell signal and open the way towards 0.87.
In case of return above 0.8850, we will then advise to trade only long positions.
See the previous analysis of the EUR/GBP pair of June 16th, 2011
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