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Neutral And A ReturnTitle:
XAU/USD (Gold) Daily technical analysis - May 2012
The pair XAU/USD (Gold) is currently moving below the lower band of its long term bullish channel (purple lines).
Resistance 2 : 1900 points
Resistance 1 : 1800 points
Key level : 1700 points
Support 1 : 1600 points
Support 2 : 1500 points
On the long term:
The trend is neutral since the exit of its bullish channel.
We will wait an exit of the range 1500/1600 to see a clear trend :
- Bullish if 1600 points is broken
- Bearish if 1500 points is broken.
On the short term:
The pair has validated in May the breakout of 1600 points, offering a sell signal.
The trend is bearish as far as 1650 points is resistance.
The breakout of 1500 points and 1500 points will both give a new sell signal.
In case of return above 1650 points, we will wait the breakout of 1700 points to see the return of ...
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AUD/USD Daily technical analysis - May 2012
The pair AUD/USD has validated in May a return below 1.0 and also an exit of its long term bullish channel (purple lines).
Resistance 2 : 1.15
Resistance 1 : 1.10
Key point ; 1.05
Support 1 : 1.00
Support 2 : 0.95
On the long term:
The trend is now neutral with the exit of its bullish channel.
We will wait an exit of the range 0.95/10 to see a clear trend on the pair:
- Bullish if 1.0 is broken
- Bearish if 0.95 is broken
On the short term:
The trend is bearish as far as 1.0250 is resistance.
The breakout of 0.95 will give a new sell signal and open the way towards 0.90.
In case of return above 1.0250, we will wait the breakout of 1.05 to see the return of the bullish trend.
Previous AUD/USD Daily Analysis - April 2012
Title:
Another Day, Another New Correction Low For EUR/USD
Sunrise Market Commentary
- Fixed Income: Hunt for yield
- Following horrible French and German PMI readings, core bonds set new highs. The German 10-yr yield set an all time low at 1.35% and this initiated for the first time a “hunt for yield” trade into Belgian, Austrian and French bonds. The trade was most visible at the longer end of the curve, resulting in a bull flattening.
- Currencies: Another day, another new correction low for EUR/USD
- On Thursday, the decline of EUR/USD was extended. However, given the flood of negative news, the damage could have been worse. EUR/GBP struggles to hold above the 0.8000 barrier. Today, the calendar is thin. However, one can expect investors to stay cautious going into a long weekend. This is no help for the euro
The Sunrise ...
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Technical analysis of the EUR/CHF pair on May 25th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has faked yesterday the start of a strong bullish rally.
The pair is back on the same levels before the intervention of the BNS (above 1.2010).
Indicators are neutral.
We now advise to trade only long positions as far as 1.2010 is support.
The breakout of 1.2030 and 1.2050 will both give a new buy signal.
In case of return below 1.2010, we will wait the breakout of 1.20 to advise short positions.
See the previous analysis of the EUR/CHF pair of May 24th, 2012
EUR/CHF Analysis
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Technical analysis of the GBP/JPY pair on May 25th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY is moving just below the resistance at 125.
All indicators are bearish.
The pair continues to move below the slants of its falling wedge (purple line).
We continue to advise short positions as far as 126.50 is resistance.
The breakout of 124 will give a new sell signal and open the way towards 123.
In case of return above 126.50, we will be neutral between this level and 127.
The breakout of 127 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 24th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/USD pair on May 25th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its bearish movement and is currently testing the support at 1.5650.
All indicaotrs are bearish.
We continue to advise short positions as far as 1.58 is resistance.
The breakout of 1.5650 will give a new sell signal and open the week towards 1.56.
In case of return above 1.58, we will be neutral between this level and 1.550.
The breakout of 1.5850 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 24th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 25th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD continues to move below the resistance at 0.7550.
All indicators are bearish.
The pair is currently testing its bearish slant (purple line).
We continue to advise short positions as far as 0.7665 is resistance.
The breakout of 0.74 will give a new sell signal and open the way towards 0.73.
In case of return above 0.7665, we will be neutral between this level and 0.77.
The breakout of 0.77 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 24th, 2012
NZD/USD Analysis
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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
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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
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