ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
BlackTitle:
Oil rebounds over $123 as Iran supports
(Reuters) - Brent crude rebounded on Friday above $123 a barrel as attention returned to restricted Iranian exports and global outages that are trimming spare capacity, following a steep drop in prices the previous day.
Oil lost as much as $3 on Thursday after Reuters reported that a formal request from the United States to the UK to join forces in a release of oil from emergency reserves was expected to follow a meeting in Washington between President Barack Obama and Prime Minister David Cameron.
"Spare capacity is really very tight, and any natural disaster or problem in the Middle East could be a real problem," said Rob Montefusco, an oil trader at Sucden Financial, highlighting supply stoppages in Syria, Sudan and elsewhere.
"No one wants to go home short at the weekend," he added.
...
Title:
Technical analysis of the GBP/USD pair on March 16th, 2012
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
Title:
Technical analysis of the USD/CAD pair on March 16th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD continues to test the resistance at 0.9937.
Indicators are neutral.
The pair is still moving below its medium term bearish slant (black line).
We advise to trade only short positions as far as 0.9937 is resistance.
The breakout of 0.9889 will give a new sell signal and open the way towards 0.9850.
In case of return above 0.9937, we will be neutral between this level and 0.9972.
The breakout out of 0.9972 will give a buy signal.
See the previous analysis of the USD/CAD pair of March 15th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CHF pair on March 16th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued yesterday its correction and got back below 0.9250.
Indicators are now mitigated.
The pair is still moving into a bullish channel (black lines).
We maintain to trade only long positions as far as 0.92 is support.
A return above 0.9250 will comfort our bullish feeling.
The breakout of 0.93 will give a new buy signal and open the way towards 0.9350.
In case of return below 0.92, we will be neutral between this level and 0.9164.
The breakout of 0.9164 will give a sell signal.
See the previous analysis of the USD/CHF pair of March 15th, 2012
USD/CHF Analysis
Title:
Technical analysis of the USD/JPY pair on March 16th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY made a pullback on 83.20 who seems to act as support after a test of the resistance at 84.
All indicators are bullish.
The pair is still moving above its former bullish slant (black line).
A short term bullish slant is also giving support to the price (purple line).
We continue to advise long positions as far as 82.50 is support.
The breakout of 84 will give a new buy signal and open the way towards 84.50 and 85.
In case of return below 82.50, we will be neutral between this level and 81.83.
The breakout of 81.83 will give a sell signal.
See the previous analysis of the USD/JPY pair of March 15th, 2012
USD/JPY Analysis
Title:
As crisis fades, risk returns to asset-backed debt: Moody's
As the credit crisis recedes and underwriting standards begin to loosen, bonds backed by consumer debt such as auto loans, credit card payments, and student loans are becoming increasingly risky, Moody's said on Thursday.
Relaxed underwriting standards, more complex structures, and new untested market participants are just three of the trends suggesting that risk is on the rise for some sectors of the asset-backed securities market, Moody's said in a report.
Even in the residential mortgage sector, which has not seen a significant return of private-label securitization, riskier non-prime, non-traditional mortgage originations are appearing.
With credit standards slipping in asset classes such as subprime auto loans, and risky crisis-era structural features showing up in transactions, ...
Title:
GBP/USD Daily technical analysis - March 2012
The pair GBP/USD has testing durant all the month of February the resistance at 1.5912. The breakout of this level will give a new buy signal and open the way towards 1.6132. The pair is still moving above its long term bullish slant (black line).
The trend will remain bullish as far as the slant is support. In case of breakout, we will be neutral between 1.56 and 1.5345. Only the breakout of this last level will indicate bearish trend reversal.
Previous GBP/USD Daily Analysis - February 2012
Title:
NZD/USD Daily technical analysis - March 2012
The pair NZD/USD has stopped its bullish rally on the resistance at 0.8436 (level 23.60%). Then, a correction occured. However, the trend will remain strongly bullish as far as 0.7980 (level 50%) is support.
A return above 0.8286 will comfort our bullish feeling and the breakout of 0.8436 will give a new buy signal and open the way towards 0.86, 0.88.
In case of breakout of 0.7980, we will be neutral between this level and 0.7776 (level 61.80%). This level matchs with the lower band of the bearish channel (black lines). The breakout of this level will indicate a bearish trend reversal and we will then expect a return on 0.76 and 0.74.
Previous NZD/USD Daily Analysis - February 2012
Title:
USD/CAD Daily technical analysis - March 2012
The pair USD/CAD has continued its bearish movement leading by a short term bearish slant (black line). The breakout of 0.9956 (level 23.60%) gave us a sell signal, showing the return of the bearish trend.
The breakout of 0.9767 will give a new sell signal and open the way towards 0.9885.
The trend will remain bearish as far as 1.01 is resistance. In case of breakout of this level, we will be neutral between this level and 1.0240 (red line). Only the breakout of this last will indicate a bullish trend reversal.
Previous USD/CAD Daily Analysis - February 2012
|