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Commentary Of The Eur/gbp Parity

Title: Technical analysis of the EUR/GBP parity on October 14th, 2010
Commentary of the EUR/GBP parity: The parity is finding resistance on 0.88. The price fake a breakout of this level. All indicators are still bullish. The parity is moving into a bullish channel. We maintain to trade only long positions as far as 0.8775 (last lowest) is support. See the previous analysis of the EUR/GBP parity of October 13th, 2010

Title: Technical analysis of the EUR/GBP parity on October 13th, 2010
Commentary of the EUR/GBP parity: The parity found support on 0.87 to make its return above 0.8750 and then broke the resistance at 0.88 (new buy signal). All indicators are now bullish. The price continues to move into its bullish channel. We maintain to trade only long positions as far as 0.8775 is support. See the previous analysis of the EUR/GBP parity of October 12th, 2010

Title: Technical analysis of the EUR/GBP parity on October 12th, 2010
Commentary of the EUR/GBP parity: The parity is currently testing the support at 0.87. The price is still into its bearsih channel. Most of indicators are getting bearish. We stay neutral on the parity as far as the price is below 0.8750. A return above this level will give a buy signal. We will then advise to trade only long positions as far as 0.87 is support. See the previous analysis of the EUR/GBP parity of October 11th, 2010

Title: Technical analysis of the EUR/GBP parity on October 11th, 2010
Commentary of the EUR/GBP parity: The parity just tested again the resistance at 0.88. The price is still moving into its bullish channel. Indicators are now mixed. We maintain to trade only long positions as far as 0.8730 is support. The breakout of 0.88 will give a new buy signal. The next major resistance is at 0.90. See the previous analysis of the EUR/GBP parity of October 8th, 2010

Title: Technical analysis of the EUR/GBP parity on October 8th, 2010
Commentary of the EUR/GBP parity: The parity continues its bullish movement into its bullish channel. 0.8730 (highest of October 3rd) perfectly acted as support during the last correction. All indicators are currently bullish. We maintain to trade only long positions as far as 0.8730 is support. THe breakout of 0.88 will give a new buy signal. The next major resistance is at 0.90. See the previous analysis of the EUR/GBP parity of October 7th, 2010

Title: Technical analysis of the EUR/GBP parity on October 7th, 2010
Commentary of the EUR/GBP parity: The parity broke the last highest of October 3rd at 0.8730. The parity is currently testing the resistance at 0.88 and also an exit from the top of its bullish channel. All indicators are bullish. We maintain to trade only long positions as far as 0.8725 is support. The breakout of 0.88 will give a new buy signal. The next major resistance is at 0.90 See the previous analysis of the EUR/GBP parity of October 6th, 2010

Title: Technical analysis of the EUR/GBP parity on October 6th, 2010
Commentary of the EUR/GBP parity: The parity continues its bullish movement into its bullish channel and is still testing the resistance at 0.87. Indicators are globaly bullish. We maintain to trade only long positions as far as the price is above 0.8650. The breakout of 0.87 will give a new buy signal. The next major resistance is at 0.88. See the previous analysis of the EUR/GBP parity of October 5th, 2010

Title: Technical analysis of the EUR/GBP parity on October 5th, 2010
Commentary of the EUR/GBP parity: The parity fake a breakout of the upper band of its bullish channel and just found support on 0.8650. Indicators stay globaly bullish. We maintain to trade only long positions as far as 0.8650 is support. The breakout of 0.87 will give a new buy signal. The next resistance is a major one at 0.88. See the previous analysis of the EUR/GBP parity of October 4th, 2010

Title: Technical analysis of the EUR/GBP parity on October 4th, 2010
Commentary of the EUR/GBP parity: The parity is currently testing the upper band of its bullish channel and also the resistance at 0.87. All indicators are bullish. We maintain to trade only long positions as far as 0.8650 is support. The breakout of 0.8750 will give a new buy signal. The next resistance is at 0.88 (major resistance). See the previous analysis of the EUR/GBP parity of October 1st, 2010

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FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
BEWARE: FOREX is a market made volatile by the leverage which is offered to you. Consequently, a risk of important financial losses is always present. Tribuforex provides his internauts some trade ideas and analysis, but will not be responsible in case of losses. The main goal of www.tribuforex.fr is to offer a tool allowing traders to share forex between them.