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Fake A BreakTitle:
Technical analysis of the EUR/JPY pair on July 8th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY faked yesterday the breakout of the support at 116.
The pair is currently rebounding towards 117.
Indicators are mitigated.
We stay neutral on the pair between 116 and 117.
We advise to wait an exit of this range to take position:
- Long is 117 is broken. The breakout of 118 will give a new buy signal
- Short if 116 is broken. The breakout of 115 will give a new sell signal
See the previous analysis of the EUR/JPY pair of July 6th, 2011
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Technical analysis of the EUR/USD pair on July 8th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD faked yesterday a breakout of 1.43 following the annoucement of the ECB.
The pair finaly rebounded on 1.44.
All indicators are still bearish.
We maintain to trade only short positions as far as 1.44 is resistance.
The breakout of 1.43 will give a new sell signal and open the way towards 1.42.
However, if 1.44 is broken, a buy signal will be given.
See the previous analysis of the EUR/USD pair of July 6th, 2011
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Technical analysis of the EUR/GBP pair on July 4th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP faked a breakout of 0.9050 on Friday.
The pair is now falling towards 0.90.
All indicators are still bullish.
We maintain to trade only long positions as far as 0.8950 is support.
The breakout of 0.9050 will give a new buy signal and open the way towards 0.91.
However, if 0.8950 is broken, we will then advise to trade only short positions.
See the previous analysis of the EUR/GBP pair of July 1st, 2011
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Technical analysis of the EUR/JPY pair on June 30th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY continues to move between 116 and 117.
Yesterday was a volatil day for the pair.
The price faked a breakout of 117 to make a return on 116 as support and then rebounded on 117.
All indicators are bullish.
We maintain to trade only long positions as far as 115.50 is support.
The breakout of 117 will give a new buy signal and open the way towards 118.
However, if 115.50 is broken, we will wait the breakout of 115 to trade short positions.
See the previous analysis of the EUR/JPY pair of June 29th, 2011
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Technical analysis of the XAU/USD (Gold) pair on June 29th, 2011
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD faked yesterday a breakout of 1500 points.
The pair is currently making a rebound above this level towards 1510.
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 1520 is resistance.
The breakout of 1490/80 will both give a new sell signal and open the way towards 1460.
However, if 1520 is broken, we will then advise to trade long positions.
See the previous analysis of the XAU/USD pair of June 28th, 2011
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Technical analysis of the EUR/GBP pair on June 27th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP faked on Friday a return above 0.89.
Indicators stay globaly bullish.
We maintain to trade only long positions as far as 0.8850 is support.
The breakout of 0.8950 will give a new buy signal and open the way towards 0.90.
However, if 0.8850 is broken, we will then advise to trade only short positions.
See the previous analysis of the EUR/GBP pair of June 24th, 2011
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Technical analysis of the AUD/USD parity on June 24th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently moving into a bearish channel.
The pair faked a breakout of 1.05.
All indicators are bearish.
We maintain to trade only short positions as far as 1.06 is resistance.
The breakout of 1.05 will give a new sell signal and open the way towards 1.04.
However, if 1.06 is broken, we will wait the breakout of 1.07 to trade long positions.
See the previous analysis of the AUD/USD parity of June 23th, 2011
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Technical analysis of the EUR/JPY pair on June 24th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY started yesterday a bearish rallye.
The pair faked a breakout of 114 and is currently testing 115 as resistance.
All indicators are bearish.
We maintain to trade the pair according to the key level 115 :
- Short below 115. The breakout of 114 will give a new sell signal and open the way towards 113
- Long above 115. The breakout of 116 will give a new buy signal and open the way towards 117.
See the previous analysis of the EUR/JPY pair of June 23th, 2011
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Technical analysis of the EUR/USD pair on June 24th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD started yesterday a strong bearish rallue.
The pair validated the breakout of 1.43, offering a sell signal and faked the breakout of 1.42.
All indicators are now bearish.
We maintain to trade the pair according to the key level at 1.43:
- Long above this level. The breakout of 1.44 will give a new buy signal and open the way towards 1.45.
- Short below this level. The breakout of 1.42 will give a new sell signal and open the way towards 1.41.
See the previous analysis of the EUR/USD pair of June 23th, 2011
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