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Correction Occured On The ParityTitle:
Technical analysis of the AUD/USD parity on December 8th, 2010
Commentary of the AUD/USD parity:
The pair AUD/USD validated a breakout of the resistance at 0.99 but the pair failed to pursuit its movement towards the next resistance at 1.0. A correction occured and the pair is now testing the support at 0.98. All indicators are now bearish after this correction. We maintain to trade only long positions as far as 0.98 is support. The breakout of 0.99 will give a new buy signal.
See the previous analysis of the AUD/USD parity of December 7th, 2010
Title:
Technical analysis of the XAU/USD (Gold) parity on October 8th,2010
Commentary of the XAU/USD parity:
A strong correction occured on the parity and is price is currently finding support on 1330. All indicators are now bearish. We stay neutral on the parity as far as the parity is below 1340. If the price gets back above this level, we will advise to trade only long positions and the breakout of 1350 will give a new buy signal (SL : 1325).
See the previous analysis of the XAU/USD parity of October 8th, 2010
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Technical analysis of the GBP/USD parity on October 1st, 2010
Commentary of the GBP/USD parity :
After a highest on 1.5922, a strong correction occured and 1.58 has been broken. The movement stopped on the former major resistance at 1.5714 and also on the lower band of the bullish channel. So, we will advise to trade again long positions as far as 1.5714 is support. A return above 1.58 will give a new buy signal. However, if 1.5714 is broken, we could trade short positions.
See the previous analysis of the GBP/USD parity of September 30th, 2010
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Technical analysis of the USD/CHF parity on October 1st, 2010
Commentary of the USD/CHF parity :
A correction movement occured and we will wait a validated return below 98 to trade again short positions. The breakotu of 97.50 will give a new sell signal. Between 98 and 98.63 we are neutral. Only a return above 98.63 will allow us to trade long positions.
See the previous analysis of the USD/CHF parity of September 30th, 2010
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Technical analysis of the XAU/USD (Gold) parity on september 28th,2010
Commentary of the XAU/USD parity:
The level 1300 gave resistance to the price twice and finaly a correction occured. Indicators are now mixed. We maintain to trade only long positions as far as 1285 is support (last lowest). This level is currently tested. The breakout of 1300 will give a new buy signal for new highs... However, if 1285 is broken, we will stay neutral.
See the previous analysis of the XAU/USD parity of September 27th, 2010
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Technical analysis of the GBP/USD parity on september 27th, 2010
Commentary of the GBP/USD parity :
A new bullish acceleration occured on the paritu, after the breakout of the major resistance at 1.5714. Currently, the parity is testing the next resistance at 1.5825. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 1.5714 is support. However, a correction is possible as far as 1.5825 is resistance.
See the previous analysis of the GBP/USD parity of September 24th, 2010
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Technical analysis of the GBP/USD parity on september 21th, 2010
Commentary of the GBP/USD parity :
A correction occured on the parity and the support at 1.5550 stopped the movement. We are neutral between this level and 1.56. We will wait an exit of the range to take position again:
- Long if 1.56 is broken
- Short if 1.5550 is broken
See the previous analysis of the GBP/USD parity of September 20th, 2010
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Technical analysis of the USD/CHF parity on September 20th, 2010
Commentary of the USD/CHF parity :
A correction occured on the parity which is currently testing the support at 1.01. We maintain to trade only long positions as far as 1.01 is support. The breakout of 1.0150 will give a new buy signal. However, between 1.01 and 1.0072, we are neutral. Only a return below 1.0072 will allow us to trade again short positions.
See the previous analysis of the USD/CHF parity of September 17th, 2010
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Technical analysis of the USD/CAD parity on september 8th, 2010
Commentary of the USD/CAD parity :
A strong correction occured on the parity and 1.04 has been broken. The parity also broke the resistance at 1.0465, giving us a buy signal. We now advise to trade only long positions as far as 1.0450 is support. The breakout of 1.05 will give a new buy signal. 1.0450 is our key level. A return below this level will indicate a take up of the bearish movement and a sell signal will be given.
See the previous analysis of the USD/CAD parity of September 7th, ...
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