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Occured And We Maintain To TradeTitle:
Technical analysis of the GBP/JPY pair on August 29th, 2011
Commentary of the GBP/JPY pair :
A strong bearish movement occured on the pair GBP/JPY which broke the support at 126, giving us a sell signal.
After a low on 124.50, the pair just made a pullback on its medium term bearish slant.
We maintain to trade only short positions as far as 126 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 123.68.
However, if 126 is broken (and so it the slant also), a buy signal will be given.
See the previous analysis of the GBP/JPY pair of August 26th, 2011
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Technical analysis of the NZD/USD pair on August 29th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD got back above 0.83, giving us a buy signal and then a strong bullish movement occured.
A new buy signal has just been given by the breakout of 0.8404 (level 50%).
We maintain to trade only long positions as far as 0.8333 is support.
The breakout of 0.8404 (level 50%) will give a new buy signal and open the way towards 0.8575.
However, if 0.8333 is broken, we will be neutral.
See the previous analysis of the NZD/USD pair of August 26th, 2011
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Technical analysis of the NZD/USD pair on August 23th, 2011
Commentary of the NZD/USD pair :
A correction occured on the pair NZD/USD which is currently testing the resistance at 0.8301 (level 38.20%), after have taken support on the bearish slant.
We maintain to trade only short positions as far as 0.83 is resistance.
The breakout of 0.8173 will give a new sell signal and open the way towards 0.8121.
However, if 0.83 is broken, a buy signal will be given.
So, 0.83 is our pivot point.
See the previous analysis of the NZD/USD pair of August 22th, 2011
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Technical analysis of the USD/JPY pair on August 19th, 2011
Commentary of the USD/JPY pair :
A new pullback occured on the resistance at 77.
Currently, the pair USD/JPY is testing again the support at 76.45.
We maintain to trade only short positions as far as 77 is resistance.
The breakout of 76.45 will give a new sell signal and open the way towards new historics low (currently at 76.30, August 1st 2011).
However, if 77 is broken, we will be neutral between this level and 77.52.
See the previous analysis of the USD/JPY pair of August 18th,, 2011
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Technical analysis of the NZD/USD pair on August 3rd, 2011
Commentary of the NZD/USD pair :
A strong bearsih movement occured on the pair NZD/USD which broke 0.8643, giving us a sell signal.
Currently, the pair is testing the next support at 0.86.
We maintain to trade only short positions as far as 0.87 is resistance.
The breakout of 0.86 will give a new sell signal and open the way towards 0.85.
However, if 0.87 is broken, a buy signal will be given.
See the previous analysis of the NZD/USD pair of August 2nd, 2011
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Technical analysis of the NZD/USD pair on August 2nd, 2011
Commentary of the NZD/USD pair :
A small correction occured on the pair NZD/USD which is taking support on its bullish slant.
We maintain to trade only long positions as far as 0.87 is support.
The breakout of 0.8850 will give a new buy signal and open the way towards 0.89.
However, if 0.87 is broken, we will be neutral between this level and 0.8643.
See the previous analysis of the NZD/USD pair of August 1st, 2011
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Technical analysis of the XAU/USD (Gold) pair on August 1st, 2011
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made a new historic high on friday just above 1630 points.
Then, a correction occured and the pair is moving between 1610 and 1620 points.
The pair is still moving above its long term bullish channel.
All indicators are bullish.
We maintain to trade only long positions as far as 1600 is support.
The breakout of 1630 will give a new buy signal and open the way towards new historics highs.
However, if 1600 is broken, we will wait the breakout of 1580 to trade short positions.
See the previous analysis of the XAU/USD pair of July 29th, 2011
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Technical analysis of the GBP/USD pair on August 1st, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD made a pullback on 1.63 and then a strong bullish movement occured.
The pair is currently testing the resistance at 1.6450.
We maintain to trade only long positions as far as 1.6326 is support.
The breakout of 1.6450 will give a new buy signal and open the way towards 1.65.
However, if 1.6326 is broken, we will be neutral between this level and 1.6250.
See the previous analysis of the GBP/USD pair of July 29th, 2011
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Technical analysis of the NZD/USD pair on August 1st, 2011
Commentary of the NZD/USD pair :
A strong bullish movement occured on the pair NZD/USD and the breakout of 0.8750 and 0.88 both gave us a new buy signal.
We maintain to trade only long positions as far as 0.87 is support.
The breakout of 0.8850 will give a new buy signal and open the way towards 0.89.
However, if 0.87 is broken, we will be neutral.
See the previous analysis of the NZD/USD pair of July 29th, 2011
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