ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
MovementTitle:
Technical analysis of the GBP/USD pair on May 16th, 2012
Commentary of the GBP/USD pair :
After a pullback on the resistance at 1.61, the pair GBP/USD took up its bearish movement and the breakout of 1.6050 and 1.60 both gave us a new sell signal.
The medium term bullish slant (black line) has been also broken.
All indicators are bearish.
We continue to advise short positions as far as 1.61 is resistance.
The breakout of 1.5950 will give a new sell signal and open the week towards 1.59.
In case of return above 1.61, we will be neutral between this level and 1.6150.
The breakout of 1.6150 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 15th, 2012
GBP/USD Analysis
Title:
Technical analysis of the NZD/USD pair on May 16th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakout of 0.7750 and 0.77 both gave us a new sell signal.
Currently, 0.7668 seems to act as support.
This level match with the lower band of its bearish channel (purple lines).
The gap is still not filled in.
All indiactors are bullish.
We continue to advise short positions as far as 0.78 is resistance.
The breakout of 0.7668 will give a new sell signal and open the way towards 0.76.
In case of return above 0.78, we will be neutral between this level and 0.79.
See the previous analysis of the NZD/USD pair of May 15th, 2012
NZD/USD Analysis
Title:
Technical analysis of the USD/CHF pair on May 16th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued its bullish movement and the breakout of 0.94 gave us a new buy signal.
The opening gap is still not filled in.
All indicators are bullish.
We continue to advise long positons as far as 0.9350 is support.
The breakout of 0.9450 will give a new buy signal and open the way towards 0.95.
In case of return below 0.9350, we will be neutral between this level and 0.93.
See the previous analysis of the USD/CHF pair of May 15th, 2012
USD/CHF Analysis
Title:
Technical analysis of the USD/JPY pair on May 16th, 2012
Commentary of the USD/JPY pair :
After the pullback on the upper band of its former bearish channel (black lines), a bullish movement occured on the pair USD/JPY who is currently testing the resistance at 80.41.
All indicators are bullish.
We are neutral on the pair between 80.09 and 80.41.
We advise to wait an exit of this range to take position:
- Long above 80.41. The breakout of 80.76 will give a new buy signal
- Short below 80.09. The breakout of 79.64 will give a new sell signal.
See the previous analysis of the USD/JPY pair of May 15th, 2012
USD/JPY Analysis
Title:
Markets selloff ignited as Greek talks fail, new elections in June
The market turned lower once again and surrendered early gains on news that Greek talks failed once again and the nine-day political vacuum is ending with new elections.
The latest attempt by president Karolos Papoulias also failed today as he called the leaders of Greek parties to agree of forming a technocrat government to avoid the new elections, yet the agreement again was not seen among the parties and still over the austerity measures and bailout deals that now risks pushing the nation out of the euro.
Greek Pasok party leader Evangelos Venizelos said after the meeting that the attempt to form a government failed and new elections will be held. The news was confirmed as well from the presidency official Costas Bitsios in comments to reports in Athens and said that a meeting will be ...
Title:
Market Drivers - Currencies
Today's Comment
Today ZEW data will be announced in Germany. Sometimes the economic indicator has added to the market momentum. If today's ZEW figure falls by more than expected, we will most likely see increased pressure on safe havens (USD, GBP and NOKSEK). As the financial market has traded with a negative bias over the past month, the pressure will be on the downside in ZEW as it reflects the financial market players' expectations of the economy.
This afternoon, the important retail sales figures will be released in the US. A relatively steep fall is expected. Hence we should not expect good news in that area.
Greek election: The three large parties failed in forming a government. Therefore the process of forming a government has ground to a halt, and there are extensive ...
Title:
SunBirdFX Daily Market Analysis : 05/15/2012
www.sunbirdfx.com
The bearish momentum from last week continued to the first day of the trading week in Wall Street, as the indices shed 1.0%, NASDQ is close to break-down the recent low from the beginning of April, as Dow and S&P already did. The break-down of the previous week's low might indicate for an incoming bearish session of 5% down, but the investors might take this opportunity for shopping, so we might see the bullish reversal soon.
USD/CAD
The investors will focus on the retails sales in the US and the CPI, which expected to remain unchanged. However, as we keep mentioning, the movement of the stocks rather the fundamental data mainly influences the USD these days. Therefore, and since the stocks keep weakening, the USD is strengthening against the major currencies, ...
Title:
EUR/USD Hits 4-Month Low
The euro continued to tumble throughout yesterday's trading session as investors grew more concerned regarding the impact of a possible new Greek election next month. The EUR/USD fell close to 70 pips during European trading, reaching as low as 1.2829. Today, traders will want to pay attention to several potentially significant market events. At 9:00 GMT, the German ZEW Economic Sentiment figure may be able to help the euro recover some of its recent losses if it comes in above analyst forecasts. In addition, the US Core CPI, Core Retail Sales and Retail Sales figures, all scheduled for 12:30 GMT, could lead to market volatility for USD pairs. Should any of the news come in above expectations, the greenback could move up against the JPY.
Economic News
USD - US Retail Sales Data Set to ...
Title:
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
|