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Technical analysis of the EUR/JPY pair on January 5th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY felt yesterday after a false return above 100.
The pair is currently testing the support at 99 and is now back below its bearish slant (purple line).
All indicators are bearish.
We maintain to trade only short positions as far as 100.50 is resistance.
The breakout of 99 will give a new sell signal and open the way towards 98.
In case of return above 100.50, we will be neutral between this level and 101.
See the previous analysis of the EUR/JPY pair of January 4th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on January 5th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD felt strongly yesterday.
The pair broke 1.30, offering a sell signal and is now moving again into its bearish channel (purple lines).
The movement stopped on the support at 1.29 and is now going to test again this level.
All indicators are bearish.
We maintain to trade only short positions as far as 1.30 is resistance.
The breakout of 1.29 and 1.28 will both give a new sell signal.
In case of return above 1.30, we will be again neutral between this level and 1.31.
See the previous analysis of the EUR/USD pair of January 4th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/USD pair on January 5th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD failed to break the resistance at 1.5670 and is still moving below its medium term bearish slant.
The pair is currently testing a pullback on 1.56.
All indicators stay bullish.
We maintain to trade only long positions as far as 1.5550 is support.
The breakout of 1.5670 (level of the medium term bearish slant) will give a new buy signal and open the way towards 1.5750.
In case of return below 1.5550, we will be neutral between this level and 1.55.
See the previous analysis of the GBP/USD pair of January 4th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on January 5th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD failed to break the resistance at 0.7912 and is currently making a small correction.
The pair is still moving above a bullish slant (purple line).
All indicators stay bullish.
We maintain to trade only long positions as far as 0.78 is support.
The breakout of 0.7912 will give a new buy signal and open the way towards 0.80.
In case of return below 0.78, we will be neutral between this level and 0.7762.
See the previous analysis of the NZD/USD pair of January 4th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on January 5th, 2012
Commentary of the USD/CAD pair :
A rebound occured on the support at 1.0085 but the pair USD/CAD is still moving into its bearish channel.
All indicators are bearish.
We maintain to trade only short positions as far as 1.02 is resistance.
The breakout of 1.0085 and 1.00 will both give a new sell signal.
In case of return above 1.02, we will be neutral between this level and 1.0250.
See the previous analysis of the USD/CAD pair of January 4th, 2012
USD/CAD Analysis
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Technical analysis of the USD/CHF pair on January 5th, 2012
Commentary of the USD/CHF pair :
A strong bullish movement occured on the pair USD/CHF who got out of its range 0.9284/0.9350 from the top, giving us a buy signal.
All indicators are bullish.
The pair is currently testing the next resistance at 0.9450.
We maintain to trade only long positions as far as 0.9350 is support.
The breakout of 0.9450 and 0.9550 will both give a new buy signal.
In case of return below 0.9350, we will be again neutral between this level and 0.9284.
See the previous analysis of the USD/CHF pair of January 4th, 2012
USD/CHF Analysis
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Technical analysis of the USD/JPY pair on January 5th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY seems to make a break in its bearish rallye and is still going to test the support at 76.56.
All indicators are bearish.
We maintain to trade only short positions as far as 77.05 is resistance.
The breakout of 76.56 and 76 will both give a new sell signal.
In case of return above 77.05, we will be neutral between this level and 77.50.
See the previous analysis of the USD/JPY pair of January 4th, 2012
USD/JPY Analysis
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Technical analysis of the AUD/USD parity on January 4th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has validated yesterday the breakout of 1.03, offering a new buy signal.
The pair is now going to test the next resistance at 1.04 and is still moving above its bullish slant (blue line).
All indicators are bullish.
We maintain to trade only long positions as far as 1.02 is support.
The breakout of 1.04 and 1.05 will both give a new buy signal.
In case of return below 1.02, we will wait the breakout of 1.01 to advise long positions.
See the previous analysis of the AUD/USD parity of January 3th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/CHF pair on January 4th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF made yesterday a pullback on 1.22 as resistance and is now going to test again this resistance.
The pair is still moving into its bearish channel (black lines).
Indicators are globaly bearish.
We maintain to trade only short positions as far as 1.2250 is resistance.
A return below 1.22 will comfort our bearish feeling.
The breakout of 1.2150 and 1.21 will both give a new sell signal.
In case of return above 1.2250, we will be neutral between this level and 1.23.
See the previous analysis of the EUR/CHF pair of January 3rd, 2012
EUR/CHF Analysis
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