ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Now Advise To TradeTitle:
Technical analysis of the GBP/USD pair on April 11th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD got back yesterday below the support at 1.59, giving us a sell signal.
Then, the support at 1.58 has been tested and allowed a rebound of the pair who is currently testing a pullback on 1.59.
Indicators are globaly bullish.
We now advise to trade only short positions as far as 1.5950 is resistance.
The breakout of 1.58 will give a new sell signal and open the way towards 1.5750.
In case of return above 1.5950, a buy signal will be given.
See the previous analysis of the GBP/USD pair of April 10th, 2012
GBP/USD Analysis
Title:
Technical analysis of the GBP/USD pair on April 9th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has rebounded on the support at 1.58 and is currently testing the resistance at 1.59.
Indicators are globaly bearish.
The pair is still moving below the lower band of its bullish channel (purple lines).
We now advise to trade only short positions as far as 1.59 is resistance.
The breakout of 1.58 will give a new sell signal and open the way towards 1.5725.
In case of return above 1.59, we will be neutral between this level and 1.5950.
The breakout of 1.5950 will give a buy signal.
See the previous analysis of the GBP/USD pair of April 6th, 2012
GBP/USD Analysis
Title:
USD recovers lost ground
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400)
WORLD
The dollar had a surprise recovery overnight, and quickly reclaimed all ground lost to the euro after Friday’s weak US payrolls. However, flows were light as New Zealand, Australia, and Hong Kong remained closed. A stronger-than-expected China CPI failed to generate much interest, and allowed AUDUSD to take the news largely in its stride. Our core bullish dollar view is unchanged; we still expect the Fed to gradually back away from QE3 as other major central banks maintain an easier bias, likely ensuring outperformance of the US dollar over other majors this year.
Our analysts stress that the soft 120k US nonfarm payrolls print for March reflected ‘payback’ due to weather effects rather than fundamental weakening, with the earlier weather- ...
Title:
Technical analysis of the GBP/USD pair on April 6th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued yesterday its bearish movement and the breakout of 1.5850 gave us a new sell signal.
Then, the next support at 1.58 has been tested.
The pair is still moving below the lower band of its bullish channel (purple lines).
All indicators are bearish.
We now advise to trade only short positions as far as 1.59 is resistance.
The breakout of 1.58 will give a new sell signal and open the way towards 1.5725.
In case of return above 1.59, we will be neutral between this level and 1.5950.
The breakout of 1.5950 will give a buy signal.
See the previous analysis of the GBP/USD pair of April 5th, 2012
GBP/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on April 5th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday the breakout of the key level at 109, offering a sell signal.
Then, the pair found support on 108 and is going to test again this level.
All indicators are now bearish.
The price is now far from its former bullish slant (purple line).
We continue to advise long positions as far as 109 is resistance.
The breakout of 108 will give a new sell signal and open the way towards 107.
In case of return above 109, we will then advise to trade only long positions.
See the previous analysis of the EUR/JPY pair of April 4th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the GBP/USD pair on April 5th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued yesterday its bearish movement and is currently making a pullback on the resistance at 1.59.
The pair is still moving below the lower band of its bullish channel (purple lines).
All indicators are bearish.
We now advise to trade only short positions as far as 1.5950 is resistance.
The breakout of 1.5850 will give a new sell signal and open the way towards 1.58.
In case of return above 1.5950, a buy signal will be given.
See the previous analysis of the GBP/USD pair of April 4th, 2012
GBP/USD Analysis
Title:
Technical analysis of the GBP/USD pair on April 4th, 2012
Commentary of the GBP/USD pair :
A strong bearish movement occured on the pair GBP/USD who just broke the support at 1.59, giving us a sell signal.
The pair has also validated an exit of its bullish channel (purple lines).
All indicators are bearish.
We now advise to trade only short positions as far as 1.5950 is resistance.
The breakout of 1.5850 will give a new sell signal and open the way towards 1.58.
In case of return above 1.5950, a buy signal will be given.
See the previous analysis of the GBP/USD pair of April 3rd, 2012
GBP/USD Analysis
Title:
Insight: Bullish China shops in industrial Germany
(Reuters) - German businessman Norbert Scheuch was bowled over by his red-carpet treatment on a visit to China late last year and by how fast the country's largest construction firm sealed the deal to buy his company.
The head of Sany Heavy Industry, which is controlled by China's richest man, Liang Wengen, personally gave Scheuch a tour of their plant and then had a top manager drive him to the airport and wait with him for his flight home.
"Nobody would ever do that in Europe," said Scheuch, CEO of concrete pump maker Putzmeister.
"The Chinese made it very clear from the beginning they wanted the company immediately," he added.
Barely a month later, Sany's top negotiator Xiang Wenbo was in the offices of law firm Shearman Sterling in Frankfurt at 3 am to sign the deal to buy ...
Title:
Technical analysis of the XAU/USD (Gold) pair on March 30th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has continued its bearish movement yesterday towards the support at 1650 points.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines) and is now close from the lower band of its long term bullish channel.
Indicators are globaly bearish.
We now advise to trade only short positions as far as 1680 points is resistance.
The breakout of 1650 points will give a new sell signal and open the way towards 1630 points.
In case of return above 1680 points, we will be neutral between this level and 1700 points.
The breakout of 1700 points will give a buy signal.
See the previous analysis of the XAU/USD pair of March 29th, 2012
XAU/USD Analysis
|