ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Eur/chf Parity On JulyTitle:
Forex - Still Pondering the SNBs Action
Forex News and Events:
Forex markets are broadly moving in a risk on pattern aided by the decent rally in regional Asian indices despite massive event risk looming in the not distant future. USD has come under selling pressure while Gold continues to see exodus from longs dropping the precious metal sharply from $1921 to $1827.57. We wouldn’t put to much value in the recent price action as nothing has changed in the macro environment and more likely seeing a short term correction after a few ...
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Technical analysis of the EUR/CHF parity on August 23th, 2010
Commentary of the EUR/CHF parity:
The parity just reached the support at 1.31 (lowest of July 1st). All indicators are bearish. We maintain to trade only short positions as far as 1.32 is resistance. The breakout of 1.31 will give a new sell signal. As far as 1.31 is support, a pullback on 1.32/1.33 is possible.
See the previous analysis of the EUR/CHF parity of August 20th, 2010
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Technical analysis of the EUR/CHF parity on July 29th, 2010
Commentary of the EUR/CHF parity:
The price didn't succeed to break the resistance at 1.38 and is currently making a pullback on 1.37 or towards its bearish slant in extension. Indicators stay globaly bullish. We maintain to trade only long positions as far as 1.37 is support. The breakout of 1.38 will give a new buy signal.
See the previous analysis of the EUR/CHF parity of July 28th, 2010
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Technical analysis of the EUR/CHF parity on July 28th, 2010
Commentary of the EUR/CHF parity:
The parity broke the resistance at 1.37, offering a new buy signal. The parity is now testing the next resistance at 1.38. All indicators are bullish. We maintain to trade only long positions as far as the price is above 1.37. The breakout of 1.38 will give a new buy signal.
See the previous analysis of the EUR/CHF parity of July 27th, 2010
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Technical analysis of the EUR/CHF parity on July 27th, 2010
Commentary of the EUR/CHF parity:
The parity continued its bullish movement after a rebound on the bullish slant. The breakout of 1.36 gave us a new buy signal. Currently, the next resistance at 1.37 is tested. All indicators are bullish. We maintain to trade only long positions as far as the price is above 1.3650. The breakout of 1.37 will give another buy signal.
See the previous analysis of the EUR/CHF parity of July 26th, 2010
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Technical analysis of the EUR/CHF parity on July 26th, 2010
Commentary of the EUR/CHF parity:
The parity broke 1.35, offering a buy signal. Currently, the price is testing the resistance at 1.36 (1.3650 in extension). All indicators are bullish. We maintain to trade only long positions as far as 1.3550 is support. The breakout of 1.3650 will give a new buy signal.
See the previous analysis of the EUR/CHF parity of July 23th, 2010
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Technical analysis of the EUR/CHF parity on July 23th, 2010
Commentary of the EUR/CHF parity:
The parity is currently testing a return above 1.35. Indicators are getting bullish. We stay neutral on the parity between 1.33 and 1.35. A return above 1.35 will give a buy signal and we will advise to trade only long positions as far as the price is above 0.8450. The next resistance is at 1.36. 1.35 is now acting as resistance. A pullback on this level without a breakout will make appear a head and shoulders pattern (the breakout of 1.34 will give a sell ...
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Technical analysis of the EUR/CHF parity on July 22th, 2010
Commentary of the EUR/CHF parity:
The parity is currently testing the support at 1.34. All indicators are now bearish. We stay neutral on the parity as far as the price is moving between 1.33 and 1.35. A return above 1.35 will give a buy signal. 1.35 is now resistance. A pullback on this level without a breakout will make appear a head and shoulders pattern (the break out of 1.34 will give then the sell signal). However, a direct breakout of 1.34 will not allow us to trade short positions. We ...
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Technical analysis of the EUR/CHF parity on July 21th, 2010
Commentary of the EUR/CHF parity:
The parity stopped its bullish movement below the resistance at 1.37. The price is currently making a correction which already found support on 1.35. Some indicators are showing sell signals. However, we maintain to trade only long positions as far as the price is above 1.35. A return above 1.36 will comfirm the take up of the bullish movement (lead by a bullish slant). If 135 is broken, the correction should pursuit towards the next support at 1.34.
See ...
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