ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Give A SellTitle:
Technical analysis of the GBP/JPY pair on May 22th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has rebounded on the support at 125.
The pair is still moving below the lower band of its falling wedge (purple lines).
Indicators stay globaly bearish.
We continue to advise short positions as far as 127 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 127, we will be neutral between this level and 128.
The breakout of 128 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 21th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/USD pair on May 22th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD continues to test the resistance at 1.5823.
All indicators stay bearish.
We continue to advise short positions as far as 1.59 is resistance.
The breakout of 1.5750 will give a new sell signal and open the week towards 1.57 and 1.5650.
In case of return above 1.59, we will be neutral between this level and 1.60.
The breakout of 1.60 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 21th, 2012
GBP/USD Analysis
Title:
Technical analysis of the NZD/USD pair on May 22th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has rebounded yesterday on the support at 0.7550 and is currrently testing a pullback on the resistance at 0.7665.
The pair seems to have broken its bearish slant (purple line) and got back into its bearish channel (dotted lines).
Indicators are globaly bullish.
We continue to advise short positions as far as 0.77 is resistance.
The breakout of 0.7550 will give a new sell signal and open the way towards 0.75 and 0.7450
In case of return above 0.77, we will be neutral between this level and 0.78.
The breakout of 0.78 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 21th, 2012
NZD/USD Analysis
Title:
Technical analysis of the USD/CAD pair on May 22th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD failed to break the resistance at 1.0230 and is currently moving towards a pullback on 1.0150.
Indicators are globaly bullish.
The pair got back into its bullish channel (black lines).
We continue to advise long positions as far as 1.01 is support.
The breakout of 1.0230 will give a new buy signal and will open the way towards 1.03.
In case of return below 1.01, we will be neutral between this level and 1.0050.
The breakout of 1.0050 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 21th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CHF pair on May 22th, 2012
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
Title:
Technical analysis of the USD/JPY pair on May 22th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY got back above the resistance at 76.26 and seems to move towards a pullback on 79.65.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line who act as support).
Indicators stay globaly bearish.
We continue to advise short positions as far as 79.86 is resistance.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 79.86, we will be neutral between this level and 80.09.
See the previous analysis of the USD/JPY pair of May 21th, 2012
USD/JPY Analysis
Title:
Markets extend gains on value hunt, hopes for EU summit
(Reuters) - Markets extended gains in Asia on Tuesday with investors hunting for bargains in shares beaten down to 2012 lows late last week, as hopes grew that Europe could agree on fresh action to tackle its debt crisis while promoting growth.
A Chinese media report saying Beijing will accelerate infrastructure investments to combat slowing growth lifted Hong Kong and Chinese shares by 1.2 percent .HSI and 0.6 percent .SSEC respectively.
European shares looked likely to extend gains, with financial spreadbetters predicting that major European markets .FTSE .FCHI .GDAXI would open as much as 1.0 percent higher. U.S. stock futures were up 0.1 percent. .EU .L .N
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed 1.4 percent, having recovered on Monday from a ...
Title:
Euro rebound stalls, focus shifts to EU summit
(Reuters) - The euro's rebound from four-month lows stalled on Tuesday, failing to break above technical resistance, though traders said selling could be limited at least until an informal meeting of European leaders this week.
Traders have been reducing their massive bets against the common currency in the past couple of days, taking note of prospects - however slender - that EU leaders may agree measures to bolster investor confidence in the euro zone on Wednesday.
With speculators' short positions on the euro at a record high, traders were wary of the potential for short-squeeze, despite worries about stability of the banking system in Spain and political gridlock in Greece.
"If someone is selling the euro now, I would rather use that as a chance to take profits (from euro short ...
Title:
Exclusive: U.S. lets China bypass Wall Street for Treasury orders
(Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world.
The other central banks, including the Bank of Japan, which has a large appetite for Treasuries, place orders for U.S. debt with major Wall Street banks designated by the government as primary dealers. Those dealers then bid on their behalf at Treasury auctions.
China, which holds $1.17 trillion in U.S. Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary.
...
|