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Correction Occured On The ParityTitle:
Technical analysis of the USD/CAD parity on May 18th, 2010
Commentary of the USD/CAD parity :
1.0431 (level 38.20%) has not been broken and a correction occured. The parity is currently testing a break out of 1.0336 (level 50%). If the break out is validated, we will stay neutral between this level and 1.0240 (level 61.80%). The break out of 1.0240 will give a sell signal. However, if 1.0336 stay support, we will maintain to trade only long positions.
See the previous analysis of the USD/CAD parity of May 17th, 2010
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Technical analysis of the NZD/USD parity on May 11th, 2010
Commentary of the NZD/USD parity :
A correction occured on the parity towards the bullish slant. However, we maintain to trade only long positions as far as this slant is giving support. The break out of 0.7273 will give a new buy signal. If the slant is broken, we will wait a break out of the support at 0.7157 to enter short on the parity.
See the previous analysis of the NZD/USD parity of May 10th, 2010
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Technical analysis of the USD/JPY parity on May 11th, 2010
Commentary of the USD/JPY parity :
A correction occured but 92.25 (level 38.20%) is still support. We maintain to trade only long positions as far as it is the case. The break out of 93.84 will give a new buy signal. However, if 92.25 is broken, a sell signal will be given.
See the previous analysis of the USD/JPY parity of May 10th, 2010
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Technical analysis of the EUR/JPY parity on May 10th, 2010
Commentary of the EUR/JPY parity :
A bullish gap occured at the opening of the market. The price is currently testing the resistance at 122.50. A break out of this level will give a new buy signal. All indicators are back bullish. As far as 122.50 is not broken, a pullback on 120/118 stay possible as a correction.
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Technical analysis of the NZD/USD parity on May 5th, 2010
Commentary of the NZD/USD parity :
A strong movement of correction occured and 0.7219 has been broken. We are now neutral on the parity between this level and 0.7156. We will wait an exit of this range to trade again the parity:
- Long if 0.7219 is broken
- Short if 0.7156 is broken
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Technical analysis of the USD/CHF parity on May 5th, 2010
Commentary of the USD/CHF parity :
A strong bullish movement occured on the parity, breaking the resistance at 1.0950 and at 1.10. So, a new buy signal has been given. We maintain to trade only long positions as far as 1.10 is support. The next objective is at 1.11. If 1.10 is broken, we will stay neutral on the parity (a strong correction is possible).
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Technical analysis of the GBP/USD parity on April 30th, 2010
Commentary of the GBP/USD parity :
A strong movement of correction occured and 1.53 has been broken. We are now neutral on the parity. We will wait a new break out of 1.53 to trade again short positions. We not advise to trade long positions as far as 1.55 is resistance (the current trend stay bearish - break out of the last lowest)
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Technical analysis of the NZD/USD parity on April 28th, 2010
Commentary of the NZD/USD parity :
A strong correction occured on the parity, breaking the support at 0.7156. However, a bullish slant (purple line) seems to give support to the price. The slant is also formed by the lowest of Aprl 6th. We could also note bullish divergences which are shaping on indicators. We stay neutral at this time. We will wait either a break out of 0.7156 to enter long again, either a break out of 0.7095 to enter short.
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Technical analysis of the GBP/USD parity on April 19th, 2010
Commentary of the GBP/USD parity :
A bearish gap occured at the opening and the parity broke its support at 1.53. So, a sell signal has been given. We now advise to trade only short positions as far as 1.5368 is resistance. However, a correction could occur before a take up of the bearish movement, given the fact that a lot of bullish divergence are shaping on indicators.
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