Former Bullish Slant

Commentary of the USD/CHF pair : The pair USD/CHF took up yesterday its bullish movement and the return above 0.94 gave us a new buy signal. Currently, the pair is testing the resistance at 0.95 for the second time and is also testing its former bullish slant as resistance. All indicators are bullish. We continue to advise long positions as far as 0.94 is support. The breakout of 0.95 will give a new buy signal and open the way towards 0.9550. In case of return below 0.94, we will again be neutral between this level and 0.9350. See the previous analysis of the USD/CHF pair of May 22th, 2012 USD/CHF Analysis

Commentary of the USD/CHF pair : The pair USD/CHF has continued its correction and got back below the support at 0.94. The pair made a pullback on its former bullish slant (black line). All indicators are bearish. We are neutral between 0.9350 and 0.94. We advise to wait an exit of this range to take positon: - Long above 0.94. The breakout of 0.9450 and 0.95 will both give a new buy signal - Short below 0.9350. The breakout of 0.93 will give a new sell signal. See the previous analysis of the USD/CHF pair of May 21th, 2012 USD/CHF Analysis

Commentary of the USD/CHF pair : The pair USD/CHF continues to move just below the resistance at 0.9150 and above its former bearish slant (purple line). All indicators are bullish. We are neutral between 0.9108 and 0.9150. We advise to wait an exit of this range to take position: - Long above 0.9150. The breakout of 0.9209 will give a new buy signal - Short below 0.9108. The breakout of 0.9050 will give a new sell signal. See the previous analysis of the USD/CHF pair of May 3rd, 2012 USD/CHF Analysis

The pair EUR/USD continues to move below the lower band of its symmetrical triangle and is still moving above its long term bullish slant (green line). The pair is currently testing the support at 1.30. The key point of the pair is at 1.40 Resistance 1 : 1.60 Resistance 2 :1.50 Support 1: 1.30 Support 2 : 1.20 On the long term: The trend is neutral despite the fact that the pair is moving above a bullish slant. A return above 1.40 will allow the long term trend to become bullish again with an objective at 1.45. A return below 1.30 will allow the long term trend to become bearish with an objective at 1.25. On the short term: The trend is bearish as far as 1.35 is resistance. A return below 1.30 will comfort our bearish feeling and will validate former sell signals offered bu the breakout ...

Commentary of the EUR/JPY pair : The pair EUR/JPY just faked a return above 107 and found resistance on 107.50. All indicators are bearish. The price is now far from its former bullish slant (purple line). We continue to advise short positions as far as 108 is resistance. The breakout of 106 will give a new sell signal and open the way towards 105. In case of return above 108, we will wait the breakout of 109 to advise long positions. See the previous analysis of the EUR/JPY pair of April 9th, 2012 EUR/JPY Analysis

Commentary of the EUR/JPY pair : The pair EUR/JPY has validated on friday the breakout of the support at 170, giving us a new sell signal. All indicators are bearish. The price is now far from its former bullish slant (purple line). We continue to advise short positions as far as 108 is resistance. The breakout of 106 will give a new sell signal and open the way towards 105. In case of return above 108, we will wait the breakout of 109 to advise long positions. See the previous analysis of the EUR/JPY pair of April 6th, 2012 EUR/JPY Analysis

Commentary of the EUR/JPY pair : The pair EUR/JPY has validated yesterday the breakout of 108, offering a sell signal. Then, the pair found support on 107. All indicators are bearish. The price is now far from its former bullish slant (purple line). We continue to advise short positions as far as 108.50 is resistance. The breakout of 107 will give a new sell signal and open the way towards 106. In case of return above 108.50, we will wait the breakout of 109 to advise long positions. See the previous analysis of the EUR/JPY pair of April 5th, 2012 EUR/JPY Analysis

Commentary of the EUR/JPY pair : The pair EUR/JPY has validated yesterday the breakout of the key level at 109, offering a sell signal. Then, the pair found support on 108 and is going to test again this level. All indicators are now bearish. The price is now far from its former bullish slant (purple line). We continue to advise long positions as far as 109 is resistance. The breakout of 108 will give a new sell signal and open the way towards 107. In case of return above 109, we will then advise to trade only long positions. See the previous analysis of the EUR/JPY pair of April 4th, 2012 EUR/JPY Analysis

Commentary of the GBP/JPY pair : The pair GBP/JPY made a pullback yesterday on its former bullish slant (purple line) and continue to move below 131.50. Indicators are mitigated. We are neutral on the pair between 130.15 and 131.50. We advise to wait an exit of this range to take position: - Long above 131.50. The breakout of 133 will give a new buy signal - Short below 130.15. The breakout of 129 will give a new sell signal. See the previous analysis of the GBP/JPY pair of April 4th, 2012 GBP/JPY Analysis