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Technical analysis of the NZD/USD pair on May 15th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.78 gave us a new sell signal.
Currently, the pair is testing the next support at 0.7754.
The gap is still not filled in.
All indiactors are bullish.
The pair is moving into its former bearish channel (purple lines).
We continue to advise short positions as far as 0.7923 is resistance.
The breakout of 0.7754 will give a new sell signal and open the way towards 0.77.
In case of return above 0.7923, we will be neutral between this level and 0.7970.
See the previous analysis of the NZD/USD pair of May 14th, 2012
NZD/USD Analysis
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Technical analysis of the USD/JPY pair on May 15th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 80.08 and then made a pullback on the upper band of its former bearish channel (black lines).
Indicators are neutral.
We continue to advise short positions as far as 80.20 is resistance.
The breakout of 79.64 will give a new sell signal and open the way towards 79.
In case of return above 80.20, we will wait the breakout of 80.41 to advise long positions..
See the previous analysis of the USD/JPY pair of May 14th, 2012
USD/JPY Analysis
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Dukascopy Afternoon Forex Overview : 05/14/2012
Dukascopy Fundamental Analysis
EUR
Industrial production in the 17 countries that use the euro fell unexpectedly in March, leaving little doubt the region contracted for a second straight quarter in the first three months of the year and returned to recession, data by Eurostat showed Monday.
USD
Stocks fell, commodities declined to their cheapest level this year and the euro weakened to a three- month low on concern that Greece will exit the single European currency and after German Chancellor Angela Merkel’s party lost a state election.
GBP
The government, and many economists, say the U.K.'s austerity plan has succeeded in reassuring financial markets that the government is focused on wrestling down the country's debt, which had ballooned to the highest levels since World War II. As a ...
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Technical analysis of the XAU/USD (Gold) pair on May 14th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold is currently testing the support at 1578 points.
The pair continues to move on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1610 points is resistance.
The breakout of 1578 will both a new sell signal and open the way towards 1550 points.
In case of return above 1610 points, we will wait the breakout of 1627 to advise long positions.
See the previous analysis of the XAU/USD pair of May 11th, 2012
XAU/USD Analysis
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Technical analysis of the AUD/USD parity on May 14th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bearish movement and is currently testing the support at 1.0.
The pair is still moving into its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.0125 is resistance.
The breakout of 1.00 will give a new sell signal and open the way towards 0.99.
In case of return above 1.0125, we will wait the breakout of 1.0223 to advise long positons.
See the previous analysis of the AUD/USD parity of May 11th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/GBP pair on May 14th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP made a pullback last friday on the resistance at 0.8050.
The bearish gap which ocurred at the opening is still not filled in.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell signal and open the way towards 0.7950.
In case of return above 0.8075, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 11th, 2012
EUR/GBP Analysis
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Technical analysis of the EUR/USD pair on May 14th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made last friday a pullback on the lower band of its medium term bearish channel (purple lines).
The pair has opened the week on a bearish gap and has validated the breakout of the support at 1.29.
The bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.30 is resistance.
The breakout of 1.2850 and 1.28 will both give a new sell signal.
In case of return above 1.30, we will wait the breakout of 1.3063 to advise long positions.
See the previous analysis of the EUR/USD pair of May 11th, 2012
EUR/USD Analysis
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Technical analysis of the NZD/USD pair on May 14th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and opened on a bearish gap below the support at 0.7838 (new sell signal).
The gap is still not filled in.
All indiactors are bullish.
The pair is moving into its former bearish channel (purple lines).
We continue to advise short positions as far as 0.7950 is resistance.
The breakout of 0.78 will give a new sell signal and open the way towards 0.7754.
In case of return above 0.7950, we will be neutral between this level and 0.80.
See the previous analysis of the NZD/USD pair of May 11th, 2012
NZD/USD Analysis
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Technical analysis of the USD/JPY pair on May 14th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has opened on a small bullish gap who has been filled in and got out of its bearish channel (black lines).
The pair just made a pullback on the resistance at 80.
All indicators are bullish.
We continue to advise short positions as far as 80.41 is resistance.
The breakout of 79.64 will give a new sell signal and open the way towards 79.
In case of return above 80.41, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 11th, 2012
USD/JPY Analysis
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