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Technical analysis of the EUR/CHF pair on May 17th, 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 bearish.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 16th, 2012
EUR/CHF Analysis
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Technical analysis of the EUR/GBP pair on May 17th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has rebounded yesterday on the support at 0.7950 and is currently testing a pullback on the resistance at 0.80.
Indicators are globaly bullish.
The bearish gap which ocurred at the opening is still not filled in.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8050 is resistance.
The breakout of 0.7950 will give a new sell signal and open the way towards 0.79.
In case of return above 0.8050, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 16th, 2012
EUR/GBP Analysis
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Technical analysis of the EUR/JPY pair on May 17th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move on the lower band of its bearish slant (purple line).
The pair is still testing the support at 102.
All indicators are bearish.
We continue to advise short positions as far as 103.67 is resistance.
The breakout of 102 will give a new sell signal and open the way towards 101.
In case of return above 103.67, we will wait the breakout of 104.45 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 16th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 17th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD is testing since yesterday the support at 1.27.
This level match with the lower band of its bearish channel (black lines).
The opening bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.2850 is resistance.
The breakout of 1.27/1.2650/1.26 will all give a new sell signal.
In case of return above 1.2850, we will wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 16th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/JPY pair on May 17th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY finaly took up its bearish movement yesterday and is currently testing the support at 127.70.
The pair is moving along the upper band of its former falling wedge (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 128.86 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 128.86, we will be neutral between this level and 129.50.
The breakout of 129.50 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 16th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/USD pair on May 17th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its bearish movement and the breakout of 1.5950 gave us a new sell signal.
Currently, the pair is testing the next support at 1.59.
We continue to advise short positions as far as 1.6050 is resistance.
The breakout of 1.59 will give a new sell signal and open the week towards 1.5823.
In case of return above 1.6050, we will be neutral between this level and 1.61.
The breakout of 1.61 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 16th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 17th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD continues to test the support at 0.7668.
This level match with the lower band of its bearish channel (purple lines).
The opening gap is still not filled in.
All indiactors are bullish.
We continue to advise short positions as far as 0.78 is resistance.
The breakout of 0.7668 will give a new sell signal and open the way towards 0.76.
In case of return above 0.78, we will be neutral between this level and 0.7836.
The breakout of 0.7836 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 16th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on May 17th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued its bullish movement and the breakout of 1.01 gave us a new buy signal.
All indicators are bullish.
The pair is still moving into a bullish channel (black lines).
We continue to advise long positions as far as 1.0 is support.
The breakout of 1.0150 will give a new buy signal and will open the way towards 1.02.
In case of return below 1.0, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 16th, 2012
USD/CAD Analysis
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Technical analysis of the USD/JPY pair on May 17th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 80.41.
All indicators are bullish.
The pair is still moving above the upper band of its former bearish channel.
We are neutral on the pair between 80.09 and 80.41.
We advise to wait an exit of this range to take position:
- Long above 80.41. The breakout of 80.76 will give a new buy signal
- Short below 80.09. The breakout of 79.64 will give a new sell signal.
See the previous analysis of the USD/JPY pair of May 16th, 2012
USD/JPY Analysis
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