ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Neutral On The Pair BetweenTitle:
EUR/CHF Daily technical analysis - May 2012
The pair EUR/CHF is still moving below its bearish slant (purple line) since 2008.
The bearish slant is not unique and could be change a little if you want to take into account some highs/lows.
The pair lost all its volatility and is moving around the major support at 1.20.
Resistance 1 : 1.20
Resistance 2 : 1.25
Key point : 1.15
Support 1 : 1.10
Support 2 : 1.05
On the long term:
The long term trend is neutral between 1.20 and 1.25.
If 1.25 is broken, the trend will become bullish and is 1.20 is broken, the will be bearish.
On the short term:
The trend is bullish as far as 1.20 is support.
The breakout of 1.2250 and 1.25 will both give a new buy signal.
If 1.20 is broken, the trend will become bearish. The breakout of 1.15 will give a new sell signal.
Previous EUR/CHF Daily ...
Title:
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
Title:
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
Title:
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
Title:
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
Title:
GBP/JPY Daily technical analysis - May 2012
The pair GBP/JPY has broken during May the support at 128.43 (level 50% of fibonacci retracements) leading to a bearish acceleration. The breakout of 125.69 (level 38.20%) just indicated a return of the bearish trend.
The trend will remain bearish as far as 128.43 is resistance. The breakout of 122.31 (level 23.60) will give a new sell signal and open the way towards 120. The next support is at 116.83 (level 0%).
In case of return above 128.43, the trend will be neutral between this level and 131.17 (level 61.80%). This last level match roughly with the level of the long term bearish slant. The breakout of this level will indicate a return of the bullish trend. We will then target the resistance at 134.28.
Previous GBP/JPY Daily Analysis - April 2012
Title:
GBP/USD Daily technical analysis - May 2012
The pair GBP/USD has broken in the middle of April the resistance at 1.60 and has then tested the next one at 1.6260. The test of this level lead to a strong bearish rally and a return on 1.5650.
The trend will remain bullish as far 1.5650 is support. A return above 1.58 will comfort the bullish trend and the breakout of 1.60 will give a new buy signal. The next resistance at 1.6260.
In case of breakout of 1.5650, the trend will be neutral between this level and 1.5450 (level of the long term bullish slant - black line). Only the breakout of this level will indicate a return of the bearish trend. We could then expect a test of the major support at 1.5345. The next support is at 1.52.
Previous GBP/USD Daily Analysis - April 2012
Title:
NZD/USD Daily technical analysis - May 2012
The pair NZD/USD has broken the support at 0.7983 (level 38.20 of the fibonacci retracements) and also the lower band of its bullish channel in the beginning of May. Then a bearis rallye occured.
The breakout of 0.7778 (level 61.80%) will give a new sell signal. The pair is moving towards a test of the major support at 0.74. The trend will remain bearish as far 0.80 is resistance. The breakout of 0.74 will give a new sell signal and open the way towards 0.7117 (level 100%) and 0.70.
In case of return above 0.80, the trend will be neutral between this level and 0.81. The breakout of this last level will indicate the return of the bullish trend. The breakout of 0.8439 (level 23.60%) will give a new buy signal.
Previous NZD/USD Daily Analysis - April 2012
|