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Fake A BreakTitle:
Technical analysis of the XAU/USD (Gold) pair on May 24th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has faked yesterday a breakout of 1550 points.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1580 is resistance.
The breakout of 1560 will give a new sell signal and open the way towards 1540 points.
In case of return above 1580 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 23th, 2012
XAU/USD Analysis
Title:
Technical analysis of the AUD/USD parity on May 23th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has faked yesterday a return above 0.99 and then felt and broke the support at 0.98, offering a new sell signal.
The pair is moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.99 is resistance.
The breakout of 0.9750 will give a new sell signal and open the way towards 0.97.
In case of return above 0.99, we will wait the breakout of 1.0 to advise long positons.
See the previous analysis of the AUD/USD parity of May 22th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/USD pair on May 22th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has faked yesterday a return above 1.28.
The pair is still moving below a paralell of its bearish channel (pink line).
Indicators stay globaly bearish.
We continue to advise short positions as far as 1.28 is resistance.
A return below 1.2750 will comfort our sell signal.
The breakout of 1.27 will give a new sell signal and open the way towards 1.2650 and 1.26.
In case of return above 1.28, we will then wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 21th, 2012
EUR/USD Analysis
Title:
Technical analysis of the EUR/USD pair on May 21th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has faked last friday the breakout of the support at 1.27 and is currently testin a pullback on 1.28.
The pair is still moving below the lower band of its bearish channel (purple line).
A paralell of this bearish channel is acting as resistance (pink line).
All indicators are still bearish.
We continue to advise short positions as far as 1.28 is resistance.
A return below 1.2750 will comfort our sell signal.
The breakout of 1.27 will give a new sell signal and open the way towards 1.2650 and 1.26.
In case of return above 1.28, we will then wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 18th, 2012
EUR/USD Analysis
Title:
Technical analysis of the AUD/USD parity on May 10th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has faked yesterday an exit of its bearish channel (purple lines) and also a return above 1.01.
The pair is currently falling and is trying a breakout of 1.0050.
All indicators are bearish.
We continue to advise short positions as far as 1.0150 is resistance.
The breakout of 1.0050 will give a new sell signal and open the way towards 1.0.
In case of return above 1.0150, we will wait the breakout of 1.02 to advise long positons.
See the previous analysis of the AUD/USD parity of May 11th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on May 11th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move into its bearish slant (purple line).
The pair has faked yesterday a return above 103.50 and is currently testing again the support at 103.
All indicators are bearish.
We continue to advise short positions as far as 104 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
In case of return above 104, we will wait the breakout of 104.50 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 10th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the AUD/USD parity on May 8th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has faked yesterday a return above 1.02.
The pair is currently falling on the upper band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.0250 is resistance.
The breakout of 1.0150 will give a new sell signal and open the way towards 1.01.
In case of return above 1.0250, we will wait the breakout of 1.03 to advise long positons.
See the previous analysis of the AUD/USD parity of May 7th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/USD pair on May 8th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD found support yesterday on the lower band of its bearish channel (purple lines).
Then, the pair has faked a return above 1.3050 and is currently falling towards 1.30.
All indicators are still bearish.
We continue to advise short positons as far as 1.31 is resistance.
The breakout of 1.30 and 1.2950 will both give a new sell signal.
In case of return above 1.31, we will wait the breakout of 1.3150 to advise long positions.
See the previous analysis of the EUR/USD pair of May 7th, 2012
EUR/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on May 3rd, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has faked a return above 106 yesterday and reached the resistance at 106.50.
The pair is currently testing the support at 105.50.
All indicators are bearish.
The pair continues to move below a bearish slant (purple line).
We continue to advise short positions as far as 106.50 is resistance.
The breakout of 105.50 will give a new sell signal and open the way towards 105.
In case of return above 106.50, we will wait the breakout of 107 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 2nd, 2012
EUR/JPY Analysis
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