ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
BrokeTitle:
Technical analysis of the GBP/USD pair on February 22th, 2011
Commentary of the GBP/USD pair :
The test of the resistance at 1.6250 led to a correction towards the support at 1.6154 (level 23.60%). We maintain to trade only long positions on the pair GBP/USD as far as this level is support. The breakout of 1.6250 will give a new buy signal. The next resistance is at 1.63. However, if 1.6154 is broken, a sell signal will be given. We will then advise to trade the pair according to 1.6154.
See the previous analysis of the GBP/USD pair of February 21th, 2011
Title:
Technical analysis of the NZD/USD pair on February 22th, 2011
Commentary of the NZD/USD pair :
A very powerful bearish movement occured on the pair NZD/USD which made a return below 0.7613, giving us a sell signal. Then, all supports have been broken and the pair is currently testing its last lowest at 0.7505 (level 0%). We maintain to trade only short positions as far as 0.7560 is resistance. The breakout of 0.7505 will give a new sell signal. The next support is at 0.7472.
See the previous analysis of the NZD/USD pair of February 21th, 2011
Title:
Technical analysis of the USD/CAD pair on February 22th, 2011
Commentary of the USD/CAD pair :
We made appear on the chart new fibonacci retracements to take into account the last bearish movement. We maintain to trade only short positions as far as 0.9870 is resistance. A return below 0.9848 will comfort our bearish feeling and the breakout of 0.98 will give a new sell signal. However, if 0.9870 is broken, we will be neutral between this level and 0.9908 (level 23.60%).
See the previous analysis of the USD/CAD pair of February 21th, 2011
Title:
Technical analysis of the USD/CHF pair on February 22th, 2011
Commentary of the USD/CHF pair :
The pair USD/CHF got back above 0.9471 but we maintain to trade only short positions as far as 0.9530 is resistance. A return below 0.9471 will comfort our bearish feeling and the breakout of 0.94 will give a new sell signal. However, if 0.9530 is broken, we will be neutral.
See the previous analysis of the USD/CHF pair of February 21th, 2011
Title:
Technical analysis of the USD/JPY pair on February 22th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY finaly broke its bullish slant and so we are neutral between 83.15 (level 61.80%) and 83.50. We will wait an exit of this range (83.15-83.50) to take position:
- Long if 83.50 is broken. The breakout of 84 will give a new buy signal
- Short if 83.15 is broken. The breakout of 82.73 (level 50%) will give a new sell signal.
See the previous analysis of the USD/JPY pair of February 21th, 2011
Title:
RTFX Daily Market Comments: 02/22/2011
EUR – USD
There are initial signs of a good corrective recovery towards 1.3697 or even 1.3714. Supports at 1.3663 and 1.3646 zone.
USD – CHF
It may attempt a test higher to 0.9479 - 0.9493 after which weakness may set it to a drift down to below 0.9440 limit.
GBP – USD
Decline should be supported around 1.6201 - 1.6176 zone for rally to above 1.6254. A clear break of 1.6176 will damage this expected rally.
USD – JPY
Market should not go lower than 83.08 - 83.02. After this move down it should go up to 83.26 - 83.38 area.
USD – CAD
Bullish reaction to above 0.9861 is anticipated from 0.9830 - 0.9826 zone. Stop loss below 0.9811 zone.
NZD – USD
While below 0.7645 - 0.7658 it is more likely to fall further towards 0.7623 or 0.7613. Premature rise above 0.7658 ...
Title:
The Box of Money
The most persuasive arguments for buying gold do not reside in musty old economics textbooks or in the minutes of the latest FOMC meeting…They reside in Henry Hackel’s “box of money.”
Henry, as faithful Rude Awakening readers will recall, is the president of R.F. Lafferty, a broker-dealer specializing in options trading and resource stocks. In his 26th floor corner office overlooking the Hudson River sits a non-descript cardboard box – a simple shoebox that contains a powerful message: Buy gold.
“Hey Eric, have you ever seen my box of money?” Henry asked one day, wearing an impish grin.
“Um…no,” your editor replied. “I think I would have remembered that.”
“You gotta see this… C’mon, follow me,” said Henry, as he grabbed the box and marched toward the conference room. After seating ...
Title:
Imported Inflation Hits US Consumer Prices
The big news at the end of the last week was barely noticed. Inflation – which had been going down for the last 30 years – may have finally bottomed out.
It’s too early to know for sure. But January showed an up-tick. Prices rose 0.4% during the month, say the number crunchers at the BLS.
Last year, the core rate of consumer price inflation in the US was only 0.7%. Nothing, in other words. The feds were desperately adding to the base money supply. But the banks didn’t lend. And people didn’t have jobs. So the money never got into the consumer economy. It was, after all, a Great Correction.
Instead, the hot money went overseas, where it bid for hot foreign stocks and hot “auction-priced” global goods – like food and energy. Commodities soared. Food riots broke out. Cotton just hit a new ...
Title:
Dukascopy Afternoon Forex Overview: 21/02/2010
Previous session overview
The euro is finding good support at levels just under USD1.37 against the dollar Monday, buoyed by strong economic data, which in turn underscores the case for higher interest rates in the currency bloc.
The single currency had come into the European trading session on a strong footing after hawkish comments from European Central Bank chief Jean-Claude Trichet and fellow rate setter Lorenzo Bini Smaghi. For those bidding the euro higher, today's economic data was further reason for cheer.
The Ifo business climate index, which measures sentiment in the euro zone's biggest economy, Germany, rose to 111.2 in February, its highest level since 1969. Backing that up, the purchasing managers' index for Germany's private sector also proved strong, hitting a record high ...
|