ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
ChannelTitle:
Euro Testing Key Support Levels
Sunrise Market Commentary
- Fixed Income Weak US payrolls push core bonds higher again
- On Friday, it was weaker US payrolls that helped core bonds eke out more gains, but non-core bonds held up quite well. Spreads even narrowed in the intra-EMU bond markets. We fear that this won't be the case today, as French and Greek election results inject uncertainty into markets.
- Currencies: Euro testing key support levels
- On Friday, trading in the major euro cross rate was rather calm, but the pressure remained to the downside. The US payrolls were unable to change this pattern. This morning, EUR/USD is testing the key 1.2974 support while EUR/GBP is trading south of the 0.8068 level. A sustained break below these levels would raise a red alert for the single currency.
The ...
Title:
Technical analysis of the XAU/USD (Gold) pair on May 7th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD found support on friday on 1630 points.
The pair continues to move on the upper band of its medium term bearish channel (purple lines).
The pair is still moving below the lower band of its long term bullish channel.
Indicators are globaly bearish.
We maintain to trade only short positions as far as 1640 points is resistance.
The breakout of 1630 and 1620 will both give a new sell signal and open the way towards 1600 points.
In case of return above 1640 points, we will wait the breakout of 1650 to advise long positions.
See the previous analysis of the XAU/USD pair of May 4th, 2012
XAU/USD Analysis
Title:
SunBirdFX Daily Market Analysis : 05/07/2012
www.sunbirdfx.com
Wall Street closed the trading week with sharp declines on the background of disappointing Non-farm payroll change, as we estimated after the release of the prior data by the ADP last Wednesday. About 80% of the large 500 companies reported better than expected results for the first quarter of 2012, but the negative atmosphere took over Wall Street on the second part of last week. The investors also ignored the improving unemployment rate that went down from 8.2% to 8.1%.
On the technical aspect, things look less dramatic for the US indices. Dow Jones reached new highs during last week as NASDAQ and S&P 500 did not make any significant change during the recent four weeks, in spite of the high volatility. We mentioned that the S&P 500 had to successfully break-through ...
Title:
Technical analysis of the AUD/USD parity on May 7th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated on friday the breakout of 1.0250 and 1.02, offering both a new sell signal.
The pair is currently testing the next support at 1.0150 and seems to make a false breakout of this level.
All indicators are bearish.
The pair is also testing the upper band of its bearish channel (purple lines).
We continue to advise short positions as far as 1.0250 is resistance.
The breakout of 1.0150 will give a new sell signal and open the way towards 1.01.
In case of return above 1.0250, we will wait the breakout of 1.03 to advise long positons.
See the previous analysis of the AUD/USD parity of May 4th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/GBP pair on May 7th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has opened the week on a bearish gap, allowing the breakout of the support at 0.81 (new sell signal).
The pair is currently testing the next support at 0.8050.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8125 is resistance.
The breakout of 0.8050 will give a new sell signal and open the way towards 0.80.
In case of return above 0.8125, we will be neutral between this level and 0.8150.
The breakout of 0.8150 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 4th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/USD pair on May 7th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has opened the week on a bearish gap and has validated the breakout of 1.3150/1.31/1.3050, giving all a new sell signals.
The pair just found support on the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positons as far as 1.31 is resistance.
The breakout of 1.30 and 1.2950 will both give a new sell signal.
In case of return above 1.31, we will wait the breakout of 1.3150 to advise long positions.
See the previous analysis of the EUR/USD pair of May 4th, 2012
EUR/USD Analysis
Title:
Technical analysis of the NZD/USD pair on May 7th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement last friday and the breakout of 0.80 gave us a new sell signal.
The pair has opened the week on a bearish gap, below the support at 0.7950 (new sell signal).
All indicators are bearish.
The pair is moving into its former bearish channel (purple lines).
We continue to advise short positions as far as 0.8050 is resistance.
The breakout of 0.79 will give a new sell signal and open the way towards 0.7850.
In case of return above 0.8050, we will be neutral between this level and 0.81.
See the previous analysis of the NZD/USD pair of May 4th, 2012
NZD/USD Analysis
Title:
Technical analysis of the USD/CAD pair on May 7th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD broke last friday the resistance at 0.9925, giving us a buy signal.
The pair got out of its bearish channel (purple lines) and has just validated the breakout of the resistance at 0.9965.
All indicators are bullish.
We continue to advise long positions as far as 0.9911 is support.
The breakout of 1.0020 will give a new buy signal and will open the way towards 1.0050.
In case of return below 0.9911, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 4th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/JPY pair on May 7th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has continued its bearish movement and the return below 80 comfort our bearish feeling.
All indicators are bearish.
The pair continues to move into its bearish channel (black lines).
We continue to advise short positions as far as 80.50 is resistance.
The breakout of 79.50 will give a new sell signal and open the way towards 79.
In case of return above 80.50, we will wait the breakout of 81.06 to advise long positions.
See the previous analysis of the USD/JPY pair of May 4th, 2012
USD/JPY Analysis
|