ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Long Positions As FarTitle:
Technical analysis of the USD/CAD pair on May 25th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made yesterday a pullback on the support at 1.0230 and is currently testing the resistance at 1.03.
All indicators are bullish.
The pair is currently moving on the upper band of its bullish channel (black lines).
We continue to advise long positions as far as 1.0150 is support.
The breakout of 1.03 will give a new buy signal and will open the way towards 1.0350.
In case of return below 1.0150, we will be neutral between this level and 1.01.
The breakout of 1.01 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 24th, 2012
USD/CAD Analysis
Title:
Technical analysis of the USD/CHF pair on May 25th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued yesterday its bullish movement and is currently testing the resistance at 0.9550.
All indicators are bullish.
The pair got back above its bullish slant (black line).
We continue to advise long positions as far as 0.9450 is support.
The breakout of 0.9550 will give a new buy signal and open the way towards 0.96.
In case of return below 0.9450, we will again be neutral between this level and 0.9370.
See the previous analysis of the USD/CHF pair of May 24th, 2012
USD/CHF Analysis
Title:
Markets vs. Technocrats
Forex News and Events:
Over the past few days, the media has been relaying comments suggesting leaders are backing the stay of Greece in the EMU. For starters the G8 stressed the importance for Greece to remain in the monetary union regardless of the discord over how to best tackle the crisis. During an interview with CNBC on Tuesday, former Greek PM insisted that an exit would yield “catastrophic” consequences for the country itself and “far reaching” implications for the EU. During yesterday’s European session however, EU officials stated they have agreed over a teleconference call with Eurogroup Work Group (EWG) that each nation in the EMU must prepare an individual contingency plan in case of an exit. The EUR sank against the USD to its lowest level since July 2010 at 1.2544, down 5. ...
Title:
EUR/USD Cedes The 1.2624 Support
Sunrise Market Commentary
- Fixed Income: Risk off pushes German bond yields to new lows
- Risk off sentiment pushed core bonds higher and non-core bond yield spreads re-widened substantially. The Summit didn't bring new information, but another hole found in Spain's regions' budgets might get attention today.
- Currencies EUR/USD cedes the 1.2624 support
- On Wednesday, the EMU debt crisis was again omnipresent. Markets feared that the EU leaders wouldn't be able to take decisive action to address the debt crisis. Extreme risk aversion pushed EUR/USD to a new low for 2012. The losses of EUR/GBP were more contained, as poor UK retail sales and rather soft BoE minutes kept the door open for more policy stimulation.
The Sunrise Headlines
- In the final hour of trading, US ...
Title:
Technical analysis of the XAU/USD (Gold) pair on May 24th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has faked yesterday a breakout of 1550 points.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1580 is resistance.
The breakout of 1560 will give a new sell signal and open the way towards 1540 points.
In case of return above 1580 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 23th, 2012
XAU/USD Analysis
Title:
Technical analysis of the AUD/USD parity on May 24th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD found support yesterday on 0.97 and is currently moving towards a pullback on 0.98 as resistance.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.9875 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.9875, we will wait the breakout of 0.9950 to advise long positons.
See the previous analysis of the AUD/USD parity of May 23th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/CHF pair on May 24th, 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 neutral.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2030 is resistance.
The breakout of 1.2010 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2030, we will wait the breakout of 1.2050 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 23th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/GBP pair on May 24th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found support yesterday on 0.80 and also on the second line of its bearish channel (overlaid purple lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell siganl and open the way towards 0.7950.
In case of return above 0.8075, we will wait the breakout of 0.81 to advise long positions.
See the previous analysis of the EUR/GBP pair of May 23th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/JPY pair on May 24th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday the breakout of 100.50 and is currently testing 100 as support.
The pair is moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 101.50 is resistance.
The breakout of 100 will give a new sell signal and open the way towards 99.50.
In case of return above 101.50, we will wait the breakout of 102 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 23th, 2012
EUR/JPY Analysis
|