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Indicators Stay GlobalyTitle:
Technical analysis of the USD/JPY pair on May 23th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 80.09 and then felt below 79.65.
Indicators stay globaly bullish.
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).
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 22th, 2012
USD/JPY Analysis
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Technical analysis of the EUR/JPY pair on May 22th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY made yesterday a pullback on 101 as support.
The pair is currently testing the lower band of its bearish channel (purple lines).
Indicators stay globaly bearish.
We continue to advise short positions as far as 102 is resistance.
A return below 101 below will comfort our bearish feeling.
The breakout of 100 will give a new sell signal and open the way towards 99.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 21th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 22th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has faked yesterday a return above 1.28.
The pair is still moving below a paralell of its bearish channel (pink line).
Indicators stay globaly bearish.
We continue to advise short positions as far as 1.28 is resistance.
A return below 1.2750 will comfort our sell signal.
The breakout of 1.27 will give a new sell signal and open the way towards 1.2650 and 1.26.
In case of return above 1.28, we will then wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 21th, 2012
EUR/USD Analysis
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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
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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
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Technical analysis of the XAU/USD (Gold) pair on May 17th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold is currently making a pullback on the resistance at 1550 points.
The pair continues below the lower band of its medium term bearish channel (purple lines).
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 1577 points is resistance.
The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 16th, 2012
XAU/USD Analysis
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Technical analysis of the GBP/USD pair on May 15th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD is currently testing a pullback on the resistance at 1.61.
Indicators stay globaly bearish.
The pair is still moving above its medium term bullish slant (black line).
We continue to advise short positions as far as 1.6150 is resistance.
The breakout of 1.6050 will give a new sell signal and open the week towards 1.60.
In case of return above 1.6150, we will be neutral between this level and 1.62.
The breakout of 1.62 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 14th, 2012
GBP/USD Analysis
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Technical analysis of the USD/CAD pair on May 15th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made a triple top on the resistance at 1.0050 and is currently moving the support at 0.9887.
Indicators stay globaly bullish.
We continue to advise long positions as far as 0.9965 is support.
The breakout of 1.0050 will give a new buy signal and will open the way towards 1.01.
In case of return below 0.9965, we will be neutral between this level and 0.9931.
The breakout of 0.9931 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 14th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CAD pair on May 14th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made a double top on the resistance at 1.0050 and is currently testing the support at 0.9887.
Indicators stay globaly bullish.
We continue to advise long positions as far as 0.9965 is support.
The breakout of 1.0050 will give a new buy signal and will open the way towards 1.01.
In case of return below 0.9965, we will be neutral between this level and 0.9931.
The breakout of 0.9931 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 11th, 2012
USD/CAD Analysis
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