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Technical analysis of the EUR/JPY pair on January 20th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY just found resistance on 111 for the second time. All indicators are still bullish. We maintain to trade only long positions as far as 110 is support. The breakout of 111 will give a new buy signal. The next resistance is at 112. However, if 110 is broken, we will advise to trade short positions as far as 110.50 is resistance.
See the previous analysis of the EUR/JPY pair of January 19th, 2011
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Technical analysis of the EUR/USD pair on January 20th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD just found resistance on 1.35 and is now moving towards 1.34. All indicators are still bullish. We maintain to trade only long positions as far as 1.34 is support. The breakout of 1.35 will give a new buy signal. However, if 1.34 is broken, we will be neutral on the pair between 1.33/1.34. We will then wait an exit of this range to take position.
See the previous analysis of the EUR/USD pair of January 19th, 2011
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Technical analysis of the NZD/USD pair on January 20th, 2011
Commentary of the NZD/USD pair :
A strong correction occured on the pair NZD/USD. The pair got out of its neutral zone 0.77-0.7663 from the bottom, giving us a sell signal. We maintain to trade only short positions as far as 0.77 is resistance. The breakout of 0.7618 will give a new sell signal. The next support is at 0.7560.
See the previous analysis of the NZD/USD pair of January 19th, 2011
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Technical analysis of the USD/CAD pair on January 20th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD well continued its bullish movement since its buy signal (breakout of 0.99). The breakout of the resistance at 0.9951 (level 23.60%) gave us a new buy signal. We maintain to trade only long positions as far as 0.9930 is support. The breakout of 1.0015 (level 38.20%) will give a new buy signal.
See the previous analysis of the USD/CAD pair of January 19th, 2011
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Technical analysis of the USD/CHF pair on January 20th, 2011
Commentary of the USD/CHF pair :
The pair USD/CHF continues its bearish movement into its bearish channel. The support at 0.9510 (level 23.60%) has been tested. We maintain to trade only short positions as far as 0.9617 (level 38.20%) is resistance. The breakout of 0.9510 will give a new sell signal. However, if 0.9617 is broken (and so the bearish channel), a buy signal will be given.
See the previous analysis of the USD/CHF pair of January 19th, 2011
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Technical analysis of the USD/JPY pair on January 20th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY continues its bearish movement into its bearish channel. The breakout of 82.33 (level 50%) gave us a new sell signal. Then, the next support at 81.84 (level 61.80%) has been tested. We maintain to trade only short positions as far as 82.50 is resistance. The breakout of 81.84 will give a new sell signal. The next support is at 81.37. However, if 82.50 is broken, we will be neutral between this level and 82.82 (level 38.20%).
See the previous analysis of the USD/JPY pair of January 19th, 2011
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Technical analysis of the XAU/USD (Gold) pair on January 19th, 2011
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD found support on 1360 and is currently making a rebound towards 1380. Indicators are mitigated. We maintain to trade only short positions as far as 1375 is resistance. A return below 1370 will comfort our bearish feeling and the breakout of 1360 will give a new sell signal.
See the previous analysis of the XAU/USD pair of January 18th, 2011
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Technical analysis of the AUD/USD parity on January 19th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD just validated a breakout of the resistance at 1.0, offering a new buy signal. All indicators are now bullish. We maintain to trade only long positions as far as the price is above 0.9950. The breakout of 1.01 will give a new buy signal. The next resistance is at 1.02.
See the previous analysis of the AUD/USD parity of January 18th, 2011
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Technical analysis of the EUR/CHF pair on January 19th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF found support on 1.29 to make a return on 1.29. The pair is currently testing this level. All indicators are now bullish. We maintain to trade only long positions as far as 1.28 is support. The breakout of 1.29 will give a new buy signal. The next resistance is at 1.30.
See the previous analysis of the EUR/CHF pair of January 18th, 2011
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