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GlobalyTitle:
Technical analysis of the USD/CAD pair on May 4th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is again tested the resistance at 0.9887.
Indicators are globaly bullish.
The pair is still moving into its bearish channel (purple lines).
We continues to advise short positions as far as 0.9887 is resistance.
A return below 0.9866 will comfort our bearish feeling.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9887, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of May 3rd, 2012
USD/CAD Analysis
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Technical analysis of the AUD/USD parity on May 3rd, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD is moving above a parallel to its bearish channel (purple lines) and is currently testing the support at 1.03.
Indicators are globaly bearish.
We continue to advise short positions as far as 1.0350 is resistance.
The breakout of 1.03 will give a new sell signal and open the way towards 1.0250.
In case of return above 1.0350, we will wait the breakout of 1.04 to advise long positons.
See the previous analysis of the AUD/USD parity of May 2nd, 2012
AUD/USD Analysis
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Technical analysis of the XAU/USD (Gold) pair on May 2nd, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD is currently falling on 1650 points and also on the upper band of its medium term bearish channel (purple lines).
The pair is moving below the lower band of its long term bullish channel.
Indicators stay globaly bullish.
We continues to advise long positions as far as 1650 points is support.
The breakout of 1680 points will give a new buy signal and open the way towards 1700 points.
In case of return above 1650 points, we will wait the breakout of 1640 points to advise short positions.
See the previous analysis of the XAU/USD pair of May 1st, 2012
XAU/USD Analysis
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Technical analysis of the EUR/JPY pair on May 2nd, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found support yesterday on 105.50 and just validated a return above 106.
The pair seems to move below a bearish slant (purple line).
Indicators stay globaly bearish.
We continue to advise short positions as far as 106.50 is resistance.
A return below 106 will comfort our bearish feeling.
The breakout of 105.50 will give a new sell signal and open the way towards 105.
In case of return above 106.50, we will wait the breakout of 107 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 1st, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 2nd, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of its bullish slant and is back below 1.3250.
Indicators stay globaly bullish.
We now advise to trade the pair according to the key level 1.32:
- Only long positions above this level. The breakout of 1.3250 and 1.33 will both give a new buy signal
- Only short positions below this level. The breakout of 1.3150 and 1.31 will both give a new sell signal.
See the previous analysis of the EUR/USD pair of May 1st, 2012
EUR/USD Analysis
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Technical analysis of the NZD/USD pair on May 2nd, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD continues to test the support at 0.8134 and is moving into a bearish channel (black lines).
Indicators are globaly bearish.
We maintain to trade the pair according to the key level at 0.8180 :
- Long above this level. The breakout of 0.8235 and 0.8283 will both give a new buy signal
- Short below this level. The breakotu of 0.8134 and 0.81 will both give a new sell signal.
See the previous analysis of the NZD/USD pair of May 1st, 2012
NZD/USD Analysis
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Technical analysis of the XAU/USD (Gold) pair on May 1st, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made yesterday a pullback on 1650 points as support and also on the upper band of its medium term bearish channel (purple lines).
The pair continues to move on the lower band of its long term bullish channel.
Indicators stay globaly bullish.
We continues to advise long positions as far as 1650 points is resistance.
The breakout of 1680 points will give a new buy signal and open the way towards 1700 points.
In case of return above 1650 points, we will wait the breakout of 1640 points to advise short positions.
See the previous analysis of the XAU/USD pair of April 30th, 2012
XAU/USD Analysis
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Technical analysis of the XAU/USD (Gold) pair on April 30th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made a shy return above 1660 points.
The pair is moving above the upper band of its short term bearish channel (purple lines) and is testing the lower band of its long term bullish channel.
Indicators are globaly bullish.
We continues to advise long positions as far as 1650 points is resistance.
The breakout of 1680 points will give a new buy signal and open the way towards 1700 points.
In case of return above 1650 points, we will wait the breakout of 1640 points to advise short positions.
See the previous analysis of the XAU/USD pair of April 26th, 2012
XAU/USD Analysis
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Technical analysis of the EUR/JPY pair on April 30th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found resistance last friday on the fibonacci retracement 38.20% at 107.12.
The pair is currently testing the fibonacci retracement 23.60% at 106.17.
Indicators are globaly bearish.
We are neutral on the pair between 106 and 107.
We advise to wait an exit of this range to take position:
- Long above 107. The breakout of 107.50 and 108 will both give a new buy signal
- Short below 106. The breakout of 105.50 and 105 will both gvie a new sell signal.
See the previous analysis of the EUR/JPY pair of April 26th, 2012
EUR/JPY Analysis
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