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Indicators Are Globaly NeutralTitle:
Technical analysis of the USD/JPY pair on May 24th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY continues to move between the support at 79.26 and the resistance at 79.65.
Indicators are globaly neutral.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line).
We continue to advise short positions as far as 80.09 is resistance.
A return below 79.26 will comfort our bearish feeling.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 80.09, a buy signal will be given.
See the previous analysis of the USD/JPY pair of May 23th, 2012
USD/JPY Analysis
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Technical analysis of the XAU/USD (Gold) pair on May 22th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold found resistance yesterday on 1600 points.
The pair is in the middle of its bearish channel (purple lines).
Indicators are globaly bullish.
We are neutral between 1580 and 1600 points.
We advise to wait an exit of this range to take position:
- Long above 1600 points. The breakout of 1620 points will give a new buy signal and open the way towards 1650 points.
- Short below 1580 points. The breakout of 1560 points will give a new sell signal and open the way towards 1540 points.
See the previous analysis of the XAU/USD pair of May 21th, 2012
XAU/USD Analysis
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Technical analysis of the EUR/GBP pair on May 22th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP just found resistance on 0.81.
Indicators are globaly bullish.
The pair is still moving into a bearish channel (purple paralell lines).
We are neutral between 0.8050 and 0.81.
We advise to wait an exit of this range to take position:
- Long above 0.81. The breakout of 0.8150 will give a new buy signal.
- Short below 0.8050. The breakout of 0.80 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of May 21th, 2012
EUR/GBP Analysis
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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
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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
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Technical analysis of the XAU/USD (Gold) pair on May 21th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD is currently testing the resistance at 1600 points.
The pair is still moving into its bearish channel (purple lines).
Indicators are getting globaly bullish.
We are neutral between 1580 and 1600 points.
We advise to wait an exit of this range to take position:
- Long above 1600 points. The breakout of 1620 points will give a new buy signal and open the way towards 1650 points.
- Short below 1580 points. The breakout of 1560 points will give a new sell signal and open the way towards 1540 points.
See the previous analysis of the XAU/USD pair of May 18th, 2012
XAU/USD Analysis
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Technical analysis of the USD/CHF pair on May 21th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has tested last friday the resistance at 0.95 and then a correction occured.
The pair is currently testing a pullback on the support at 0.94 and just broke its bullish slant (black line).
Indicators are globaly bearish.
We continue to advise long positons as far as 0.94 is support.
A return above 0.9450 will comfort our bullish feeling.
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 be neutral between this level and 0.9350.
See the previous analysis of the USD/CHF pair of May 18th, 2012
USD/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 GBP/JPY pair on May 8th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY made a false breakout of the support at 128.85 yesterday and is currently testing a pullback on 129.50.
Indicators are globaly bearish.
We continue to advise short positions as far as 130 is resistance.
The breakout of 128.85 will give a new sell signal and open the way towards 127.70.
In case of return above 130, we will be neutral between this level and 130.50.
The breakout of 130.50 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 7th, 2012
GBP/JPY Analysis
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