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Finaly Broke ItsTitle:
Technical analysis of the USD/CHF pair on April 20th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF finaly broke the support at 0.9150, giving us a sell signal.
All indicators are bearish.
The pair is still moving below its bearish slant (purple line).
We now advise to trade only short positions as far as 0.92 is resistance.
The breakout of 0.91 will give a new sell signal and open the way towards 0.9050.
In case of return above 0.92, a buy signal will be given.
See the previous analysis of the USD/CHF pair of April 19th, 2012
USD/CHF Analysis
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Technical analysis of the GBP/JPY pair on March 14th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY finaly broke the resistance at 129.42 and at 130, giving us both a new buy signal.
All indicators are bullish.
The pair is still moving above its bullish slant (purple line).
We continue to advise long positions as far as 128.50 is support.
The breakout of 131 will give a new buy signal and open the way towards 132.
In case of return below 128.50, we will be neutral between this level and 127.
The breakout of 127 will give a sell signal.
See the previous analysis of the GBP/JPY pair of March 13th, 2012
GBP/JPY Analysis
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Technical analysis of the USD/CAD pair on February 28th, 2012
Commentary of the USD/CAD pair :
1.0039 again acted as resistance on the pair USD/CAD who finaly broke the lower band of its neutral zone 1.0/1.0039, giving us a sell signal.
The pair is still moving below its medium term bearish slant (black line).
All indicators are bearish.
We continue to advise short positions as far as 1.0 is resistance.
The breakout of 0.9934 will give a new sell signal and open the way towards 0.99.
In case of return above 1.0, we will be neutral between this level and 1.0039.
The breakout of 1.0039 will give a new buy signal.
See the previous analysis of the USD/CAD pair of February 27th, 2012
USD/CAD Analysis
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GBP/USD Daily technical analysis - February 2012
The pair GBP/USD has finaly made a false breakout of the support at 1.5345 and so the bullish trend was not put in danger. A strong bullish rally occured and the breakout of 1.56 gave us a buy signal. The pair is moving again above its long term bullish slant (black line).
The next resitance at 1.5912 has been already tested but led to a correction. The breakout of this level will give a new buy signal and open the way towards 1.6132.
The trend will remain bullish as far as the slant is support. In case of breakout , we will be neutral between 1.56 and 1.5345. If this last level is broken, this will indicate a return of the bearish trend.
Previous GBP/USD Daily Analysis - January 2012
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USD/CHF Daily technical analysis - February 2012
The pair USD/CHF has finaly continued its correction and got back below the resistance at 0.9270. However, the trend will remain bullish as far as 0.90 is support.
A return above 0.9270 will comfort our bullish feeling and the breakout of 0.95 will give a new buy signal and open the way towards 0.9754.
However, if 0.90 is broken, a return on 0.8791 and 0.8572 is expected. If 0.8572 is broken, the trend will become bearish.
Previous USD/CHF Daily Analysis - January 2012
Title:
Technical analysis of the GBP/USD pair on January 19th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has finaly broke the resistance at 1.54 after having tested this level twice.
All indicators are now bullish.
The pair is still moving below its bearish slant (purple line).
We are neutral on the pair between 1.54 and 1.55.
We advise to wait an exit of this range to take position:
- Long if 1.55 is broken (breakout also of the bearish slant). The breakout of 1.56 will give a new buy signal
- Short in case of return below 1.54. The breakout of 1.53 will give a new sell signal.
See the previous analysis of the GBP/USD pair of January 18th, 2012
GBP/USD Analysis
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Technical analysis of the GBP/JPY pair on December 14th, 2011
Commentary of the GBP/JPY pair :
The pair GBP/JPY finaly broke the support at 121 and is still moving into its bearish channel.
The pair is currently testing the next support at 120.58.
We are neutral between 120.58 and 121.50.
We advise to wait an exit of this range to take position:
- Long if 121.50 is broken (an exit of the bearish channel will be then validated). The breakout of 122.32 will give a new buy signal
- Short if 120.58 is broken. The breakout of 120 will give a new sell signal.
See the previous analysis of the GBP/JPY pair of December 13th, 2011
GBP/JPY Analysis
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Technical analysis of the USD/JPY pair on November 9th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY finaly broke its support at 78 and also its bullish slant, giving us a sell signal.
All indicators are now bearish.
We maintain to trade only short positions as far as 78 is resistance.
The breakout of 77.48 will give a new sell signal and open the way towards 77.
In case of return above 78, a buy signal will be given.
See the previous analysis of the USD/JPY pair of November 8th, 2011
USD/JPY Analysis
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Technical analysis of the USD/CAD pair on October 21th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD finaly took up its bearish movement after a pullback on 1.0231 (neckline of the double bottom on 1.01).
Indicators are neutral.
We maintain to trade only short positions as far as 1.0231 is resistance.
The breakout of 1.01 will give a new sell signal and open the week towards 1.00.
However, if 1.0231 is broken, a buy signal will be given.
See the previous analysis of the USD/CAD pair of October 20th, 2011
USD/CAD Analysis
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