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ForexTitle:
EUR/USD Falls to 21-Month Low
The EUR/USD fell as low as 1.2614 yesterday, a 21-month low, after investors grew increasingly concerned regarding Greece's fate in the euro-zone and shifted their funds to safe-haven assets. The currency pair staged a mild upward correction later in the day, eventually stabilizing around the 1.2655 level. Turning to today, euro traders will want to pay attention to several potentially significant news events. Specifically, the German Manufacturing PMI and Ifo Business Climate may help the euro recoup some of yesterday's losses if they come in above expectations.
Economic News
USD - Dollar Sees Significant Gains amid Risk Aversion
The US dollar moved up against several of its main currency rivals yesterday, as ongoing fears regarding Greece's future in the euro-zone have led to risk ...
Title:
Forex Technical Analysis : 05/24/2012
- Forex Technical Analysis : 05/24/2012 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
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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
XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
Title:
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 24th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD found support yesterday on 0.97 and is currently moving towards a pullback on 0.98 as resistance.
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 0.9875 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.9875, we will wait the breakout of 0.9950 to advise long positons.
See the previous analysis of the AUD/USD parity of May 23th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/CHF pair on May 24th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF continues to move below the minor resistance at 1.2030 without volatility.
All indicators are neutral.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2030 is resistance.
The breakout of 1.2010 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2030, we will wait the breakout of 1.2050 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 23th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/GBP pair on May 24th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found support yesterday on 0.80 and also on the second line of its bearish channel (overlaid purple lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell siganl and open the way towards 0.7950.
In case of return above 0.8075, we will wait the breakout of 0.81 to advise long positions.
See the previous analysis of the EUR/GBP pair of May 23th, 2012
EUR/GBP Analysis
Title:
Continued Fears Over Europe's Debt Crisis Keep The Euro Near Its Lowest In 22 Months
Investors continued to limit their risk exposure on Thursday, heading towards the safe haven USD and the Japanese yen, as European leaders failed to adopt concrete actions during yesterday's summit while manufacturing in China is seen shrinking for a seventh month in May.
With the risk of Greece exiting the euro zone not being eliminated by officials yesterday, sentiment is seen subdued, pushing the euro near the lowest since July 2010, especially after Italian Prime Minister Mario Monti backed French President Francois Hollande's proposal of jointly underwrite regional bonds.
Sentiment may continue to be subdued and markets volatile today as data may show that Europe's services and manufacturing industries shrank for a fourth month, while Germany`s IFO business climate index, a key ...
Title:
Technical analysis of the EUR/JPY pair on May 24th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday the breakout of 100.50 and is currently testing 100 as support.
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 101.50 is resistance.
The breakout of 100 will give a new sell signal and open the way towards 99.50.
In case of return above 101.50, we will wait the breakout of 102 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 23th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on May 24th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakouts of the 1.2650 and 1.26, offering both a new sell signal, and is currently moving just below 1.26.
The pair is still moving below a paralell of its bearish channel (ows of March 14th).
All indicators are bearish.
We continue to advise short positions as far as 1.27 is resistance.
The breakout of 1.2550 will give a new sell signal and open the way towards 1.25.
In case of return above 1.27, we will then wait the breakout of 1.28 to advise long positions.
See the previous analysis of the EUR/USD pair of May 23th, 2012
EUR/USD Analysis
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