ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Eur/chfTitle:
Technical analysis of the EUR/CHF pair on May 25th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF is back on its bearish slant and is currently testing the support at 1.2350 (lowest of May 23th). All indicators are bearish. We maintain to trade only short positions as far as 1.2450 is resistance. The breakout of 1.2350 will give a new sell signal and open the way towards new lows. In case of return above 1.2450, we will wait the breakout of 1.25 to trade long positions.
See the previous analysis of the EUR/CHF pair of May 24th, 2011
Title:
Technical analysis of the EUR/CHF pair on May 24th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF found support yesterday on 1.2350 (level which match with the bearish slant). The pair is currently falling towards 1.24/1.2350. All indicators are bearish. We maintain to trade only short positions as far as 1.25 is resistance. The breakout of 1.2350 will give a new sell signal and open the way towards new lows. In case of return above 1.25, we will wait the breakout of 1.26 to trade long positions.
See the previous analysis of the EUR/CHF pair of May 23th, 2011
Title:
Forex Technical Analysis : 05/24/2011
- Forex Technical Analysis : 05/24/2011 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
Crude Oil Technical Analysis
XAG/USD (Silver) Technical Analysis
XAU/USD (Gold) Technical Analysis
Title:
EUR/CHF Falls to a Record Low on Debt Concern
The euro weakened against most of its major currency rivals on Monday's trading session on a growing concern that the euro-zone's sovereign-debt crisis will deepen, decreasing demand for the shared currency.
The euro is dropping on concern that Portugal may be on the verge to seek an aid package and that Greece may soon ask to be bailed out for the second time since the economic crisis began. What's enhancing these concerns is the relatively weak growth of the region, which means that the euro-zone might not be able to offer a fiscal solution to these nations.
The EUR/CHF fell by 100 pips today and reached a record low of 1.2322. The 17-nation currency depreciated against the U.S. dollar as well, and the EUR/USD reached a daily low of the 1.3970 level.
Looking ahead to tomorrow, ...
Title:
Dollar Rallies as Euro Tumbles Across the Board
This week's trading got off to a fast start with the euro and global equities trading broadly lower following a string of sovereign credit downgrades that began on Friday. The dollar was the main beneficiary of the negative euro environment.
The euro has not recovered following Friday's downgrade of Greece's credit rating by Fitch. Compounding on the negative data flow was this weekend's move by S&P to view the Italian sovereign debt outlook as negative from stable.
Reports are running through the wires listing Greek requests for further funding needs from the EU/IMF. Should Greece fail to obtain the funding from prior pledges, estimates are for a potential Greek default as early July.
Economic data did little to support higher yielding assets as both euro zone and Chinese PMI reports ...
Title:
EUR/USD re-tests 1.4050 region
Morning Briefing: EUR/USD re-tests 1.4050 region
News:
Global: Risk aversion takes the lead
Euro Zone: Weekend events weigh on the Euro
Spain: Ruling party suffers great losses
Italy: S&P downgrades outlook to negative, maintains long term credit rating
Greece: Running out of time and cash
FOREX: EUR/CHF at record lows
Rates in Asia and Indices:
EUR/USD: 1.4144 - 1.4041.
USD/CHF: 0.8818 – 0.8756.
GBP/USD: 1.6233 - 1.6176.
EUR/JPY: 115.62 – 114.74.
USD/JPY: 82.03 – 81.58
Dow Jones: 12’512.04 -0.74%
NASDAQ: 2'803.32 -0.71%
S & P 500: 1'333.60 -0.77%
Nikkei: 9’460.63 -1.52%
Shanghai: 2'780.34 -2.73%
Gold: $ 1'510.50
Crude Oil: $ 99.49
Comments:
Markets seem plagued by a negative risk sentiment today, Asian equity indices are in the red and the Swiss Franc, Japanese Yen and the US Dollar ...
Title:
European Woes Boosting US Dollar
Renewed tensions surrounding Europe and the peripheral nations' debt crisis combined with weak US economic data has helped to drive the dollar rally for the third week.
Economic News
USD - Dollar Rally Gains Momentum
Last week's dollar rally gained momentum following Fitch's downgrade of Greece's debt rating by three notches and included a negative outlook. While the resumption of the Greek debt crisis combined with elections in Spain were the main drivers in sending the EUR/USD close to its monthly lows, weak US economic data has drove much of the declines the across the majors.
Last week US data was released below expectations across various sectors. In housing data, US building permits declined from the previous month as did existing home sales. Foreign investors were seen moving ...
Title:
Forex Technical Analysis : 05/23/2011
- Forex Technical Analysis : 05/23/2011 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
Crude Oil Technical Analysis
XAU/USD (Gold) Technical Analysis
Title:
Technical analysis of the EUR/CHF pair on May 23th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF well continued its bearish movement and validated a breakout of 1.25, offering a new sell signal. All indicators are bearish. The pair is currently testing its bearish slant as support. The validation of the breakout of 1.24 will give a new sell signal and open the way towards 1.23. However, in case of return above 1.25, we will then advise to wait a breakout of 1.26 to trade long positions.
See the previous analysis of the EUR/CHF pair of May 20th, 2011
|