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Neutral And A ReturnTitle:
Technical analysis of the USD/JPY pair on May 22th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY got back above the resistance at 76.26 and seems to move towards a pullback on 79.65.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line who act as support).
Indicators stay globaly bearish.
We continue to advise short positions as far as 79.86 is resistance.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 79.86, we will be neutral between this level and 80.09.
See the previous analysis of the USD/JPY pair of May 21th, 2012
USD/JPY Analysis
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Market Drivers - Currencies : 21/05/2012
Today's Comment
Over the past couple of weeks, we have seen a couple of important measures in respect of the financial turmoil – measures that we have called for here in the second quarter. We expect that the situation is far from being resolved yet, but in the very short term many cross rates are oversold and overbought at the current levels. Therefore we recommend that investors remain on the sidelines in this period and begin to put STOP/ENTRY positions in the order books to catch the next risk-off phase. (This may come very soon).
Later in the week, we will see Ifo and the important PMI data from the euro zone.
EURUSD (from Sell to NEUTRAL): S/P was reached. We recommend a new STOP / ENTRY order at 125.95 so we can catch EURUSD in the event of further negative news that will cause ...
Title:
Euro Succeeds Short Squeeze
Sunrise Market Commentary
- Fixed Income: Global core bonds take a breather
- Investors remained mostly sidelined in an uneventful session on Friday. The G-8 meeting stressed the need for growth, besides fiscal consolidation and sees Greece staying inside EMU. This shouldn’t surprise markets today. With a razor thin calendar, trading might start the week in a lackluster mode.
- Currencies: Euro succeeds short squeeze
- On Friday, the decline of the euro halted and EUR/USD succeeded a cautious rebound, even as uncertainty on the EMU debt crisis persisted. Technical considerations will also dominate trading today as the G8 meeting provided no high profile measures to address the debt crisis.
The Sunrise Headlines
- US Equities rose for a second consecutive session on ...
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Technical analysis of the EUR/CHF pair on May 21th, 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 neutral.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2030 is resistance.
The breakout of 1.2010 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2030, we will wait the breakout of 1.2050 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 18th, 2012
EUR/CHF Analysis
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Technical analysis of the EUR/GBP pair on May 21th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has validated on friday a return above 0.8050.
The pair is still moving into a bearish channel (purple paralell lines).
We are neutral between 0.8050 and 0.81.
We advise to wait an exit of this range to take position:
- Long above 0.81. The breakout of 0.8150 will give a new buy signal.
- Short below 0.8050. The breakout of 0.80 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of May 18th, 2012
EUR/GBP Analysis
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Technical analysis of the GBP/JPY pair on May 21th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY is testing since last friday the support at 125.
The pair is moving below the lower band of its falling wedge (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 127 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 127, we will be neutral between this level and 128.
The breakout of 128 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 18th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/USD pair on May 21th, 2012
Commentary of the GBP/USD pair :
The support at 1.5750 has allowed a rebound of the pair GBP/USD last friday.
Currently, the pair is testing a pullback on the resistance at 1.5823.
All indicators stay bearish.
We continue to advise short positions as far as 1.59 is resistance.
The breakout of 1.5750 will give a new sell signal and open the week towards 1.57 and 1.5650.
In case of return above 1.59, we will be neutral between this level and 1.60.
The breakout of 1.60 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 18th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 21th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has opened on a small bullish gap but continues to move just above the support at 0.7550.
The pair is still moving below the lower band of its bearish channel (dotted purple lines).
The bearish movement seems to be lead by a bearish slant (purple line).
All indicators are bearish.
We continue to advise short positions as far as 0.77 is resistance.
The breakout of 0.7550 will give a new sell signal and open the way towards 0.75 and 0.7450
In case of return above 0.77, we will be neutral between this level and 0.78.
The breakout of 0.78 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 18th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on May 21th, 2012
Commentary of the USD/CAD pair :
1.0230 acted as resistance last friday on the pair USD/CAD.
The pair is moving just below this level and is taking support on the upper band of its bullish channel (black lines).
All indicators are bullish.
We continue to advise long positions as far as 1.01 is support.
The breakout of 1.0230 will give a new buy signal and will open the way towards 1.03.
In case of return below 1.01, we will be neutral between this level and 1.0050.
The breakout of 1.0050 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 18th, 2012
USD/CAD Analysis
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