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Continues To Move On The UpperTitle:
Technical analysis of the USD/JPY pair on May 24th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues to move between the support at 79.26 and the resistance at 79.65.
Indicators are globaly neutral.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line).
We continue to advise short positions as far as 80.09 is resistance.
A return below 79.26 will comfort our bearish feeling.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 80.09, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 23th, 2012
USD/JPY Analysis
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Eyes on U.K. inflation as slowing pressures support QE expectations
The tension remains across the board and the focus shifted to leaders and central bankers to end the uncertainty over the outlook from slowing growth to a Greek exit. The U.K. is one of the biggest economies in harm’s way and Cameron expressed this fear in the G8 and the BoE is stuck between a rock and a hard place amid a frail recovery and elevated inflation.
Since April conditions took a strong turn in the UK progress. One of the arch MPC doves Adam Posen shifted stance and stopped the calls for more QE amid the general view that inflation might be more persistent; the economy unexpectedly entered recession, and the debt crisis in the euro area resurfaced with a vengeance.
The latest May Inflation Report reflected the tough task ahead of the policy makers to balance to risk between ...
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Cautious correction with the start of the week on growth pledges
The market remains under evident pressure. The uncertainty surrounding the growth outlook and a Greek exit of the euro continues to weigh on the sentiment, yet signs of relief started the week especially for stocks as investors find some hope in leaders pledges to support growth.
The Group of Eight (G8) weekend summit was indeed with an American flavor, as calls for growth stimulants are clearly heard and demands on Europe to balance its cards is the tough task now. The G8 reaffirmed the commitment to help Greece as long as it helps itself by staying in the euro and a new growth biased alliances is seemingly in the making between Germany and France.
Obama stressed on Europe to get its house in order and said that he believes they are strong to face the challenge as the consequences will ...
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SunBirdFX Daily Market Analysis : 05/16/2012
www.sunbirdfx.com
Another day of uncertainty went through Wall Street, as the investors were disappointed by the core retail sales, but encouraged by the Empire State Manufacturing Index. Today they will focus on the FOMC meeting minutes and building permits, as bad news might cause sharper declines. We keep seeing bullish reversals during the trading session, which means that there are buyers who want to take advantage of the recent declines, which might cause a bullish reversal eventually. However, it seems that a break-down of the current week's low will make everybody believe that a downtrend movement has begun.
USD/JPY
The USD reached the support at 79.50 against the JPY, which was a former break-up area. The Yen has failed to break-down this support for several days and ...
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Technical analysis of the GBP/JPY pair on May 16th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support.
Indicators are mitigated.
We continue to advise short positions as far as 128.86 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 128.86, we will be neutral between this level and 129.50.
The breakout of 129.50 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 15th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/JPY pair on May 15th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support.
Indicators are mitigated.
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 14th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/JPY pair on May 14th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support.
Indicators are mitigated.
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 11th, 2012
GBP/JPY Analysis
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Technical analysis of the XAU/USD (Gold) pair on May 8th, 2012
Commentary of the XAU/USD (Gold) pair:
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.
The pair is currently testing the support at 1630 points.
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 7th, 2012
XAU/USD Analysis
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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
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