Black Lines And Is Going

Commentary of the USD/JPY pair : The pair USD/JPY made yesterday a new pullback on 81.50 and is going to test the support at 81.06. Indicators are neutral. The pair got out again of its bearish channel (black lines). We continue to advise short positions as far as 81.50 is resistance. The breakout of 81.06 will give a new sell signal and open the way towards 80.37 In case of return above 81.50, we will wait the breakout of 81.81 to advise long positions. See the previous analysis of the USD/JPY pair of April 25th, 2012 USD/JPY Analysis

Commentary of the USD/JPY pair : The pair USD/JPY continues to test the resistance at 81.50 and is going to test also the upper band of its bearish channel (black lines). All indicators are bullish. We continue to advise short positions as far as 81.50 is resistance. A return below 81.04 will comfort our bearish feeling. The breakout of 80.50 will give a new sell signal and open the way towards 80. In case of return above 81.50, we will be neutral between this level and 81.81. The breakout of 81.81 will give a new buy signal. See the previous analysis of the USD/JPY pair of April 18th, 2012 USD/JPY Analysis

Commentary of the USD/JPY pair : A rebound occured on the pair USD/JPY who is going to test a pullback on the resistance at 81.50. All indicators are bullish. The pair is still moving into its bearish channel (black lines). We continue to advise short positions as far as 81.50 is resistance. A return below 81.04 will comfort our bearish feeling. The breakout of 80.50 will give a new sell signal and open the way towards 80. In case of return above 81.50, we will be neutral between this level and 81.81. The breakout of 81.81 will give a new buy signal. See the previous analysis of the USD/JPY pair of April 17th, 2012 USD/JPY Analysis

Commentary of the GBP/USD pair : The pair GBP/USD has again rebounded on the support at 1.5650 and is going to test the resistance at 1.5750. The pair is moving into a bearish channel (black lines) and is currently testing the upper band. Indicators are globaly bullish. We continue to advise short positions as far as 1.5750 is resistance. A return below 1.5650 will comfort our bearish feeling. The breakout of 1.56 will give a new sell signal and open the way towards 1.5554. In case of return above 1.5750, a buy signal will be given. See the previous analysis of the GBP/USD pair of March 15th, 2012 GBP/USD Analysis

Commentary of the EUR/USD pair : The pair EUR/USD is going to test the resistance at 1.33. The pair is still moving above its bullish channel (black lines). All indicators are bullish. We continue to advise long positions as far as 1.3150 is support. The breakout of 1.33 will give a new buy signal and open the way towards 1.34. In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions. See the previous analysis of the EUR/USD pair of February 22th, 2012 EUR/USD Analysis

Commentary of the EUR/USD pair : The pair EUR/USD has reached yesterday the lower band of its bullish channel (black lines) and is now going to test 1.32 as resistance. Indicators are mitigated. We stay neutral between 1.31 and 1.32. We advise to wait an exit of ths range to take position: - Long if 1.32 is broken. The breakout of 1.3250 and 1.33 will both give a new buy signal - Short if 1.31 is broken. The breakout of 1.3050 and 1.30 will both give a new sell signal. See the previous analysis of the EUR/USD pair of February 14th, 2012 EUR/USD Analysis

Fundamental Analysis EUR German exports declined more rapidly than economists predicted in December as debt crisis harmed the export demand across the troubled region. Exports lost 4.3% compared to November when they added 2.6%. In contrast, analysts predicted only a 1% decline in European biggest economy's exports. Nevertheless economists suggest the German exports may gain momentum in 2012 as business confidence surged in January. USD Coca-Cola the world's biggest soft-drink producer, reported higher than expected 4th quarter profit as juices and teas stimulated sales in Asia. Profits totalled 79 US cents per share compared to 77 cents a share predicted by analysts. Coca Cola shares gained 1.3% on the announcement. Company's stocks advanced 6.4% in 2011. GBP UK FTSE 100 Index opened ...

Commentary of the NZD/USD pair : The pair NZD/USD continues its bullish movement into its bullish channel (black lines) and is going to test the resistance at 0.84. All indicators are bullish. We continue to advise long positions as far as 0.8238 is support. The breakout of 0.84 and 0.8450 will both give a new buy signal. In case of return below 0.8238, a sell signal will be given. See the previous analysis of the NZD/USD pair of February 7th, 2012 NZD/USD Analysis

Commentary of the EUR/JPY pair : The pair EUR/JPY has faked yesterday the breakout of 100 and is now going to test the resistance at 101. On the short term, the pair got out of its bearish channel (black lines). The pair is still moving above its long term bullish slant (purple line). Indicators are mitigated. We stay neutral on the pair between 100 and 101. We advise to wait an exit of this range to take position: - Long if 101 is broken. The breakout of 102 will give a new buy signal - Short if 100 is broken. The breakout of 99 will give a new sell signal. See the previous analysis of the EUR/JPY pair of February 6th, 2012 EUR/JPY Analysis