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Occured And We Maintain To TradeTitle:
Technical analysis of the USD/CAD pair on May 6th, 2011
Commentary of the USD/CAD pair :
A new bullish acceleration occured on the pair USD/CAD. The breakout of 0.9592 and of 0.9650 both gave us a new buy signal. The, the resistance at 0.9678 has been tested. Currently, the pair is making a correction. We maintain to trade only long positions as far as 0.9592 is support. The breakout of 0.9678 will give a new buy signal and open the way towards 0.9750. However, if 0.9592 is broken, we will be neutral.
See the previous analysis of the USD/CAD pair of May 5th, 2011
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Technical analysis of the GBP/USD pair on April 29th, 2011
Commentary of the GBP/USD pair :
The breakout of the resistance at 1.67 has not been validated and a correction occured. We maintain to trade only long positions as far as 1.66 is support. The validation of the breakout of 1.67 will give a new buy signal and open the way towards 1.68. However, if 1.66 is broken, we will be neutral on the pair.
See the previous analysis of the GBP/USD pair of April 28th, 2011
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Technical analysis of the GBP/USD pair on April 28th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD got out of its neutral zone 1.64/1.65 from the top, giving us a buy signal and then a strong bullish movement occured. The breakout of 1.66 gave us a new buy signal. Currently, the pair is testing the next resistance at 1.67 and also the upper band of its bullish channel. We maintain to trade only long positions as far as 1.66 is support. The validation of the breakout of 1.67 will give a new buy signal and open the way towards 1.68.
See the previous analysis of the GBP/USD pair of April 27th, 2011
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Technical analysis of the EUR/USD pair on April 22th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD faked yesterday a breakout of 1.46. A correction occured and the pair just found support on the lower band of its bullish channel. All indicators are bullish. We maintain to trade only long positions as far as 1.45 is support. The breakout of 1.46 will give a new buy signal and open the way towards 1.47.
See the previous analysis of the EUR/USD pair of April 21th, 2011
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Technical analysis of the USD/CAD pair on April 20th, 2011
Commentary of the USD/CAD pair :
A strong bearish movement occured on the pair USD/CAD which broke all its supports at 0.9615 and 0.9593. The breakout of the last one gave us a sell signal. Currently, the pair is testing the next support (last lowest of the pair) at 0.9550. We maintain to trade only short positions as far as 0.9593 is resistance. The breakout of 0.9550 will give a new sell signal and wil open the way towards 0.95.
See the previous analysis of the USD/CAD pair of April 19th, 2011
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Technical analysis of the GBP/USD pair on April 6th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD made a pullback on 1.61 and then a strong bullish movement occured. Résistances at 1.6150, 1.62, 1.6250, 1.63 have all been broken, giving us new buy signals. Currently, the pair is currently testing the resistance at 1.6330. We maintain to trade only long positions as far as 1.6250 is support. The breakout of 1.6330 will give a new buy signal. The next resistance is at 1.64.
See the previous analysis of the GBP/USD pair of April 5th, 2011
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Technical analysis of the GBP/USD pair on March 30th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD is moving between 1.59 and 1.6030. A new false breakout of the support at 1.5987 occured. We maintain to trade only short positions as far as 1.6050 is resistance. A return below 1.5987 will comfort our bearish feeling and the breakout of 1.59 will give a new sell signal. However, between 1.6050 and 1.61 we will be neutral.
See the previous analysis of the GBP/USD pair of March 29th, 2011
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Technical analysis of the NZD/USD pair on March 23th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD validated the breakout of the resistance at 0.74, giving us a new buy signal. The pair also filled in the bearish gap which occured on March 11th on the upper band of the bearish channel. Currently, the price is testing a pullback on 0.74. We maintain to trade only long positions as far as 0.7350 is support. The breakout of 0.7471 will give a new buy signal. However, if 0.7350 is broken, we will be neutral between this level and 0.73.
See the previous analysis of the NZD/USD pair of March 22th, 2011
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Technical analysis of the NZD/USD pair on March 18th, 2011
Commentary of the NZD/USD pair :
A strong correction occured on the pair NZD/USD which is currently testing the resistance at 0.7288. We maintain to trade only short positions as far as 0.7288 is resistance. A return below 0.72 will comfort our bearish feeling and the breakout of 0.7149 will give a new sell signal. However, if 0.7288 is broken, we will be neutral. Only the breakout of 0.7350 (and so an exit of the bearish channel) will allow us to trade long positions.
See the previous analysis of the NZD/USD pair of March 17th, 2011
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