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Nzd/usd Parity On JulyTitle:
Technical analysis of the NZD/USD parity on October 1st, 2010
Commentary of the NZD/USD parity :
The parity still not succeed to break the major resistance at 0.7395 linking all the last highest (july 27th - September 14th and 22th). However, the parity seems to move into an ascending triangle (red line) which let us think about an exit from the top. So, we maintain to trade only long positions as far as the bullish slant is support. If this slant is broken, a sell signal will be given.
See the previous analysis of the NZD/USD parity of September 30th, ...
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Technical analysis of the NZD/USD parity on september 30th, 2010
Commentary of the NZD/USD parity :
The parity failed to break the major resistance at 0.7395 linking all the last highest (july 27th - September 14th and 22th) and is currently testing a pullback on 0.7350. We maintain to trade only long positions as far as this level is support. The breakout of 0.7395 will give a new buy signal. However, if 0.7350 is broken, we will stay neutral. Only a return below 0.7322 will allow us to trade short positions.
See the previous analysis of the NZD/USD ...
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Technical analysis of the NZD/USD parity on september 29th, 2010
Commentary of the NZD/USD parity :
The pullback on 0.7323 has been validated and the bullish movement took up. Currently, the parity is testing a major resistance linking all the last highest (july 27th - September 14th and 22th). The breakout of this level will give an important buy signal. We maintain to trade only long positions as far as 0.7350 is support. In case of breakout, we will be neutral.
See the previous analysis of the NZD/USD parity of September 28th, 2010
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Technical analysis of the NZD/USD parity on september 15th, 2010
Commentary of the NZD/USD parity :
The parity got out of its range 0.7253-0.73 from the top, giving us a buy signal. Then, the fibonacci retracement 0ù at 0.7395 (highest of july 27th) has been reached. Currently, the price is making a correction. We have to note that the parity seems to move into a ascending bevel (bearish pattern). However, we maintain to trade only long positions as far as 0.73 is support. If an exit of the bevel occur, we will wait the breakout of 0.73 to trade only short ...
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Technical analysis of the NZD/USD parity on August 18th, 2010
Commentary of the NZD/USD parity :
The parity is currently testing a pullback on the level 50% at 0.7095 of fibonacci retracements of the last bullish movement starting from July 1st to July 27th. We maintain to trade only long positions as far as this level is support. However be careful, a bearish divergence appears on the RSI. In case of return below 0.7095, we could trade again short positions.
See the previous analysis of the NZD/USD parity of August 17th, 2010
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Technical analysis of the NZD/USD parity on August 17th, 2010
Commentary of the NZD/USD parity :
The level 61.80% at 0.7024 of hte last bullish movement starting from July 1st to July 27th allowed the parity to rebound. Currently, the parity is testing a breakout of the level 50% at 0.7095. If validated, a buy signal will be given. However, a return below 0.7095 will allow us to trade short positions.
See the previous analysis of the NZD/USD parity of August 16th, 2010
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Technical analysis of the NZD/USD parity on August 16th, 2010
Commentary of the NZD/USD parity :
The parity is currently testing the fibonacci retracement 61.80% at 0.7024 of the last bullish movement starting from July 1st to July 27th. The breakout of this level will give a new sell signal. However, a rebound on this level is possible. So, we stay neutral between 0.7024 and 0.7095 (level 50%). We will wait the breakout of one of these two bands to take position.
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Technical analysis of the NZD/USD parity on July 29th, 2010
Commentary of the NZD/USD parity :
The parity broke its bullish slant and 0.72 acted as support. So, we are now neutral on the parity between 0.72 and 0.73. We advise to wait a breakout of one of these two bands to take position:
- Long if 0.73 is broken
- Short if 0.72 is broken
See the previous analysis of the NZD/USD parity of July 28th, 2010
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Technical analysis of the NZD/USD parity on July 28th, 2010
Commentary of the NZD/USD parity :
The parity is currently testing a pullback on the support at 0.73 and also on its bullish slant. We maintain to trade only long positions as far as the slant is support. If the slant is broken, only the breakout of 0.7243 will allow us to trade short positions.
See the previous analysis of the NZD/USD parity of July 27th, 2010
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