ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
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Former Bullish ChannelTitle:
SunBirdFX Daily Market Analysis : 01/30/2012
www.sunbirdfx.com
The US stock markets closed the week on the mixed territory after a powerful opening of 2012 in which the main indices rose more than 8%. The main reason for this amazing rally is the fact that more than 65% of the largest 500 companies reported better than expected reports regarding the 4th quarter of 2011. NASDAQ has already broken the height of 2011 and the Dow Jones and the S&P 500 are approaching those picks.
The result season is not over yet and therefore the stocks ...
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SunBirdFX Daily Market Analysis : 12/28/2011
www.sunbirdfx.com
Wall Street has opened the short trading-week in the green territory as Dow-Jones has tried to break-through 12,300 points, and the other two main indices have followed it. The volumes, as we keep mentioning, are extremely low these days, so it is impossible to make any conclusion about the market's direction, until the investors resume from the holiday.
Due to the low volatility in the markets, there is a lack of opportunities to find trades, which are based on technical ...
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SunBirdFX Daily Market Analysis : 12/08/2011
www.sunbirdfx.com
As we estimated on the beginning of the week, the trading days have low volatility, because most of the investors were waiting for the ECB press conference that will take place today. Encouraging forecast in Trichet's speech might launch the financial markets and help the Euro rise.
GBP/USD
The pound's fans have waited for today's announcement of interest rate by the MPC. The rate is expected to remain unchanged at the level of 0.5%, and the MPC statement is the main event ...
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Forex - Waiting on NFP, G20 & Greek Confidence Vote
Forex News and Events:
Yesterday markets were buzzing with speculation and headlines surrounding the Papandreou decision to hold a confidence vote and a referendum that would ultimately decide Greece’s participation in the EMU and Eurozone membership. It is still very uncertain if Papandreaou will survive today, however the bigger risk overhanging, is the referendum, which looks to have been take off the table. The problem in our minds is that regardless of whether the vote happens or not, ...
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Technical analysis of the NZD/USD pair on October 21th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD again rebounded on 0.79 (and on the upper band of the former bearish channel) but this not invalidae the head and shoulders pattern (0.79 is the neckline).
Indicators are neutral.
We maintain to trade only long positions as far as 0.79 is support.
A return above 0.80 will comfort our bullish feeling.
The breakout of 0.8124 will give a new buy signal and open the way towards 0.82.
However, in case of return below 0.79, a sell signal will be given. ...
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Technical analysis of the NZD/USD pair on October 20th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD failed to break the resistance at 0.80 and the former bullish slant.
The pair is currently testing the support at 0.79 for the third time.
This level match with the upper band of the last bearish channel.
Indicators are mitigated.
We maintain to trade only long positions as far as 0.79 is support.
A return above 0.80 will comfort our bullish feeling.
The breakout of 0.8124 will give a new buy signal and open the way towards 0.82.
However, in ...
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Forex - Russia Ready To Buy Spanish Bonds, But Eurozone Salvation Not Assured
Forex News and Events:
Eurozone hopes were already high today after Angela Merkel and Nicolas Sarzkozy showed the market a unified stand on the issue of banking sector recapitalisation and commitment to agree on plans to salvage the Eurozone by the end of the month. However, adding to the feeling of optimism, there has been fresh news this morning that Russia may be waiting in the wings to buy Spanish government bonds and thereby support the ailing European debt markets. The economic advisor ...
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Technical analysis of the NZD/USD pair on October 10th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD made a new pullback on the lower band of its former bearish channel and also on the resistance at 0.78.
All indicators are bullish.
We are neutral on the pair between 0.77 and 0.78.
We advise to wait an exit of this range to take position:
- Long if 0.78 is broken. The breakout of 0.79 will give a new buy signal
- Short if 0.77 is broken. The breakout of 0.76 will give a new sell signal.
See the previous analysis of the NZD/USD pair of ...
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Forex - As BoE Shifts Back To QE, Will Gold’s Rally Resume?
Forex News and Events:
Risk sentiment and equity markets are undoubtedly looking more buoyant today after yesterday’s central bank meetings presented the markets with a number of extra liquidity and stimulus measures to help markets cope with the subdued growth outlook. First up, the BoE unexpectedly raised the asset purchase target from GBP200bn to GBP275bn, sending sterling sharply lower and raising expectations that more easing may be on the way. What is particularly shocking about the ...
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