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Technical analysis of the USD/JPY pair on February 18th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY finaly broke its bullish slant and so we are neutral between 83.15 (level 61.80%) and 83.50. We will wait an exit of this range to take position:
- Long if 83.50 is broken. The breakout of 84 will give a new buy signal
- Short if 83.15 is broken. The breakout of 82.73 (level 50%) will give a new sell signal.
See the previous analysis of the USD/JPY pair of February 17th, 2011
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Technical analysis of the USD/CHF pair on February 17th, 2011
Commentary of the USD/CHF pair :
Despite a strong rebound on the level 38.20% at 0.9616, the bullish slant has been finaly broken, giving us a sell signal. We now advise to trade only short positions as far as 0.9650 is resistance. The breakout of 0.9550 and 0.9509 (level 23.60%) will both give a new sell signal. However, if 0.9650 is broken, we will then advise to trade only long positions as far as 0.9616 (level 38.20%) is support.
See the previous analysis of the USD/CHF pair of February 16th, 2011
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Technical analysis of the GBP/USD pair on February 16th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD finaly got out of its short term bearish channel and is currently testing the resistance at 1.6150. In case of validation of the breakout, a buy signal will be given. The next resistance is at 1.63. However, between 1.6060 and 1.6150 we stay neutral on the pair.
See the previous analysis of the GBP/USD pair of February 15th, 2011
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Technical analysis of the GBP/USD pair on February 14th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD finaly got out of its range 1.6060/1.6150 from the bottom, giving us a sell signal. Currently, the pair is testing a pullback on 1.6060 as resistance after a test of the support at 1.5963. The pair seems now to move into a short term bearish channel. We maintain to trade only short positions as far as it is the case. The breakout of 1.5963 will give a new sell signal. If 1.6150 is broke, a buy signal will be given.
See the previous analysis of the GBP/USD pair of February 11th, 2011
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Technical analysis of the NZD/USD pair on February 10th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD finaly continued its correction and broke its bullish slant and also its support at 0.77, giving us a sell signal. We now advise to trade only short positions as far as 0.7728 is resistance. The breakout of 0.7662 will give a new sell signal. However, in case of return above 0.7728 (and so a bullish slant), we could trade again long positions.
See the previous analysis of the NZD/USD pair of February 9th, 2011
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Technical analysis of the USD/CAD pair on February 9th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD finaly broke the resistance at 0.9912, giving us a buy signal. Then, the pair made a pullback on its former bullish slant and currently, 0.9951 (level 23.60%) is giving resistance to the price. We maintain to trade only long positions as far as 0.9912 is support. The breakout of 0.9951 will give a new buy signal. The next resistance is at 1.0.
See the previous analysis of the USD/CAD pair of February 8th, 2011
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Technical analysis of the NZD/USD pair on February 8th, 2011
Commentary of the NZD/USD pair :
The breakout of the bullish slant was in fact a false breakout and finaly the bullish slant acted well as support. The pair NZD/USD is currently testing the resistance at 0.7772. The breakout of 0.7740 gave us the buy signal. We now advise to trade only long positions as far as the slant is support. The breakout of 0.7772 will give a new buy signal. The next resistance is at 0.7818.
See the previous analysis of the NZD/USD pair of February 7th, 2011
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Technical analysis of the GBP/USD pair on February 1st, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD finaly got back above 1.5891 (level 23.60%), giving us a buy signal. Then, the resistance at 1.5963 has been broken and currently, the pair is testing the fibonacci retracement 0% at 1.6060. We maintain to trade only long positions as far as 1.5963 is support. The breakout of 1.6060 will give a new buy signal. The next resistance is at 1.6150. However, if 1.5963 is broken, we will be neutral.
See the previous analysis of the GBP/USD pair of January 31th, 2011
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Technical analysis of the GBP/JPY pair on January 31th, 2011
Commentary of the GBP/JPY pair :
THe pair GBP/JPY finaly continued its strong movement of correction of the breakout of 130.87 gave us a sell signal. Currently, the pair is testing the support at 129.84 (level 38.20%). We maintain to trade only short positions as far as 130.87 is resistance. The breakout of 129.84 will give a new sell signal. The next support is at 129.01 (level 50%). However, in case of return above 130.87, we could trade long positions.
See the previous analysis of the GBP/JPY pair of January 28th, 2011
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