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EUR/USD Daily technical analysis - May 2012
The pair EUR/USD has validated the breakout of its long term bullish slant (green line) and is currently testing the support at 1.25.
Resistance 1 : 1.50
Resistance 1 : 1.45
Resistance 2 :1.40
The key point of the pair is at 1.35
Support 1: 1.30
Support 2 : 1.25
Support 3 : 1.20
The breakout of 1.30 gave us a sell signal and the pair is currently testing the support at 1.25.
The bullish slant (green line) could still be considered as tested given the fact that the breakout just occured.
Short and long term trend a bearish.
The breakout of 1.25 will give a new sell signal and open the way towards 1.20. A pullback on 1.30 stay possible.
If the pair get back above 1.30, the trend will become neutral. However, if 1.35 is broken, the trend will be bullish.
Previous EUR/USD Daily ...
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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
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Technical analysis of the USD/CHF pair on May 21th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has tested last friday the resistance at 0.95 and then a correction occured.
The pair is currently testing a pullback on the support at 0.94 and just broke its bullish slant (black line).
Indicators are globaly bearish.
We continue to advise long positons as far as 0.94 is support.
A return above 0.9450 will comfort our bullish feeling.
The breakout of 0.95 will give a new buy signal and open the way towards 0.9550.
In case of return below 0.94, we will be neutral between this level and 0.9350.
See the previous analysis of the USD/CHF pair of May 18th, 2012
USD/CHF Analysis
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Technical analysis of the EUR/JPY pair on May 18th, 2012
Commentary of the EUR/JPY pair :
A bearish rally occured on the pair EUR/JPY who broke the supports are 102 and 101, giving both a new sell signal.
The pair is now moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 102 is resistance.
The breakout of 100 will give a new sell signal and open the way towards 99.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 17th, 2012
EUR/JPY Analysis
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Technical analysis of the GBP/JPY pair on May 18th, 2012
Commentary of the GBP/JPY pair :
A bearish rallye occured on the pair GBP/JPY who broke the supports at 127.70/126.70/126, giving all a new sell signal.
Currently, the pair is testing the next support at 125.
The pair is moving below the lower band of its falling wedge (purple lines)/
All indicators are bearish.
We continue to advise short positions as far as 126.70 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 126.70, we will be neutral between this level and 127.67.
The breakout of 127.67 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 17th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/USD pair on May 18th, 2012
Commentary of the GBP/USD pair :
A bearish rallye occured on the pair GBP/USD who broke the supports at 1.59 and 1.5823, giving both a new sell signal.
All indicators are bearish.
Currently, the pair is testing the next support at 1.5750.
We continue to advise short positions as far as 1.59 is resistance.
The breakout of 1.5750 will give a new sell signal and open the week towards 1.57 and 1.5650.
In case of return above 1.59, we will be neutral between this level and 1.60.
The breakout of 1.60 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 17th, 2012
GBP/USD Analysis
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Technical analysis of the USD/JPY pair on May 18th, 2012
Commentary of the USD/JPY pair :
A strong bearish movement occured yesterday on the pair USD/JPY who got out of the range 80.09/80.41 from the bottom, giving us a sell signal.
All indicators are bearish.
Currently, the pair is testing the support at 79.26.
The pair is moving just above the upper band of its bearish channel (black lines) and seems to take support on a bearish slant (purple line).
We continue to advise short positions as far as 80.09 is resistance.
The breakout of 76.26 will give a new sell signal and open the way towards 78.50.
In case of return above 80.09, we will be neutral between this level and 80.41.
See the previous analysis of the USD/JPY pair of May 17th, 2012
USD/JPY Analysis
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Technical analysis of the USD/JPY pair on May 16th, 2012
Commentary of the USD/JPY pair :
After the pullback on the upper band of its former bearish channel (black lines), a bullish movement occured on the pair USD/JPY who is currently testing the resistance at 80.41.
All indicators are bullish.
We are neutral on the pair between 80.09 and 80.41.
We advise to wait an exit of this range to take position:
- Long above 80.41. The breakout of 80.76 will give a new buy signal
- Short below 80.09. The breakout of 79.64 will give a new sell signal.
See the previous analysis of the USD/JPY pair of May 15th, 2012
USD/JPY Analysis
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Technical analysis of the USD/CAD pair on May 8th, 2012
Commentary of the USD/CAD pair :
A correction occured on the pair USD/CAD who got back below the resistance at 0.9965.
All indicators are still bullish.
We continue to advise long positions as far as 0.9911 is support.
A return above 0.9965 will comfort our bullish feeling.
The breakout of 1.0020 will give a new buy signal and will open the way towards 1.0050.
In case of return below 0.9911, a sell signal will be given.
See the previous analysis of the USD/CAD pair of May 7th, 2012
USD/CAD Analysis
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