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Technical analysis of the GBP/JPY pair on February 22th, 2011
Commentary of the GBP/JPY pair :
A correction occured on the pair GBP/JPY which got back below 135 to made a pullback on 134.18 (level 23.60%). We maintain to trade only long positions as far as this level is support. A return above 135 will comfort our bullish feeling and the breakout of 135.52 will give a new buy signal. However, if 134.18 is broken, we will be neutral.
See the previous analysis of the GBP/JPY pair of February 21th, 2011
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Technical analysis of the NZD/USD pair on February 22th, 2011
Commentary of the NZD/USD pair :
A very powerful bearish movement occured on the pair NZD/USD which made a return below 0.7613, giving us a sell signal. Then, all supports have been broken and the pair is currently testing its last lowest at 0.7505 (level 0%). We maintain to trade only short positions as far as 0.7560 is resistance. The breakout of 0.7505 will give a new sell signal. The next support is at 0.7472.
See the previous analysis of the NZD/USD pair of February 21th, 2011
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Technical analysis of the USD/JPY pair on February 17th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY failed to break the resistance at 84 and a correction occured. Currently, the pair is testing the support at 83.50 and also its bullish slant. We maintain to trade only long positions as far as 83.50 is support. The breakout of 84 will give a new buy signal. However, if 83.50 is broken, we will be neutral between this level and 83.15.
See the previous analysis of the USD/JPY pair of February 16th, 2011
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Technical analysis of the USD/CHF pair on February 16th, 2011
Commentary of the USD/CHF pair :
A correction occured on the pair USD/CHF which seems to move towards a bullish slant and also on the fibonacci retracement 38.20% at 0.9616. We advise to trade again long positions as far as the slant is support. A return above 0.9702 (level 50%) will give a new buy signal. However, if the slant is broken, a sell signal will be given.
See the previous analysis of the USD/CHF pair of February 15th, 2011
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Technical analysis of the USD/CAD pair on February 14th, 2011
Commentary of the USD/CAD pair :
A strong bearish movement occured on the pair USD/CAD which broke all its supports. The breakout of 0.9912 gave us the sell signal. Currently, the pair is testing its lowest at 0.9848 (level 0%). We maintain to trade only short positions as far as 0.99 is resistance. The breakout of 0.9848 will give a new sell signal. The next support is at 0.98.
See the previous analysis of the USD/CAD pair of February 11th, 2011
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Technical analysis of the NZD/USD pair on February 9th, 2011
Commentary of the NZD/USD pair :
A correction occured on the pair NZD/USD towards the bullish slant. We maintain to trade only long positions as far as 0.77 is support. The breakout of 0.7772 will give a new buy signal. However, if 0.77 is broken, a sell signal will be given. The next support is at 0.7662.
See the previous analysis of the NZD/USD pair of February 8th, 2011
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Technical analysis of the USD/JPY pair on February 7th, 2011
Commentary of the USD/JPY pair :
A strong movement of volatility occured last friday on the pair USD/CHF which got out of its bearish channel. Then, the breakout of 82 gave us a buy signal. Currently, the pair is testing the next ressitance at 82.31 (level 38.20%). We maintain to trade only long positions as far as 82 is support. The breakout of 82.31 will give a new buy signal. The next resistance is at 82.73 (level 50%). In case of return below 82, we will be neutral between this level and 81.79 (level 23.60%).
See the previous analysis of the USD/JPY pair of February 4th, 2011
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Technical analysis of the GBP/JPY pair on February 4th, 2011
Commentary of the GBP/JPY pair :
The pair GBP/JPY reached the resistance at 133 and then a correction occured, pushing back the price below 132. We maintain to trade only long positions as far as 131.50 is support. A return above 132 will comfort our bullish feeling and the breakout of 133 will give a new buy signal. However, if 131.50 is broken, we will be neutral between this level and 130.87 (level 23.60%).
See the previous analysis of the GBP/JPY pair of February 3rd, 2011
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Technical analysis of the NZD/USD pair on February 3rd, 2011
Commentary of the NZD/USD pair :
A strong mouvement of correction occured on the pair NZD/USD, pushing back the price below 0.7750. So, we are neutral on the pair between this level and the bullish slant (black line). We will wait a breakout of one of these two bands to take position:
- Long in case of return above 0.7750.
- Short if the slant is broken
See the previous analysis of the NZD/USD pair of February 2nd, 2011
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