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 XAU/USD (Gold) pair on May 15th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold has continued its bearish movement and the breakout of 1578 gave us a new sell signal.
Currently, the gold is testing the next support at 1550 points.
The pair is now moving below the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1586 points is resistance.
The breakout of 1550 will both a new sell signal and open the way towards 1520 points.
In case of return above 1586 points, we will wait the breakout of 16 to advise long positions.
See the previous analysis of the XAU/USD pair of May 14th, 2012
XAU/USD Analysis
Title:
Technical analysis of the AUD/USD parity on May 15th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has continued its bearish movement and the breakout of the support at 1.0 gave us a new sell signal.
Currently, the pair is testing a pullback on this leve.
All indicators are bearish.
The pair continues to move into its bearish channel (purple lines) and seems to move into a falling wedge (reversal pattern).
We continue to advise short positions as far as 1.01 is resistance.
The breakout of 0.99 will give a new sell signal and open the way towards 0.98.
In case of return above 1.01, we will wait the breakout of 1.0150 to advise long positons.
See the previous analysis of the AUD/USD parity of May 14th, 2012
AUD/USD Analysis
Title:
Technical analysis of the EUR/CHF pair on May 15th, 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 bearish.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 14th, 2012
EUR/CHF Analysis
Title:
Technical analysis of the EUR/JPY pair on May 15th, 2012
Commentary of the EUR/JPY pair :
The pair continues to move on the lower band of its bearish slant (purple line).
The pair broke yesterday the support at 103, giving us a new sell signal.
All indicators are bearish.
We continue to advise short positions as far as 104 is resistance.
The breakout of 102 will give a new sell signal and open the way towards 101.
In case of return above 104, we will wait the breakout of 104.45 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 14th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on May 15th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.2850 gave us a new sell signal.
The opening bearish gap is still not filled in.
All indicators are bearish.
The pair is still moving below the lower band its medium term bearish channel (purple lines) and seems to move on a short term bearish channel (black lines).
We continue to advise short positons as far as 1.2950 is resistance.
The breakout of 1.28 and 1.2750 will both give a new sell signal.
In case of return above 1.2950, we will wait the breakout of 1.30 to advise long positions.
See the previous analysis of the EUR/USD pair of May 14th, 2012
EUR/USD Analysis
Title:
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/JPY pair on May 15th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY has tested yesterday the resistance at 80.08 and then made a pullback on the upper band of its former bearish channel (black lines).
Indicators are neutral.
We continue to advise short positions as far as 80.20 is resistance.
The breakout of 79.64 will give a new sell signal and open the way towards 79.
In case of return above 80.20, we will wait the breakout of 80.41 to advise long positions..
See the previous analysis of the USD/JPY pair of May 14th, 2012
USD/JPY Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 14th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold is currently testing the support at 1578 points.
The pair continues to move on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1610 points is resistance.
The breakout of 1578 will both a new sell signal and open the way towards 1550 points.
In case of return above 1610 points, we will wait the breakout of 1627 to advise long positions.
See the previous analysis of the XAU/USD pair of May 11th, 2012
XAU/USD Analysis
Title:
Technical analysis of the AUD/USD parity on May 14th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD continues its bearish movement and is currently testing the support at 1.0.
The pair is still moving into its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.0125 is resistance.
The breakout of 1.00 will give a new sell signal and open the way towards 0.99.
In case of return above 1.0125, we will wait the breakout of 1.0223 to advise long positons.
See the previous analysis of the AUD/USD parity of May 11th, 2012
AUD/USD Analysis
|