ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Offering A NewTitle:
Technical analysis of the XAU/USD (Gold) pair on March 14th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated yesterday the breakout of 1700 and 1680 points, offering new sell signals.
The pair is still moving into its long term bullish channel.
All indicators are bearish.
We continue to advise short positions as far as 1700 points is resistance.
The breakout of 1650 points will give a new sell signal and open the way towards 1600 points.
In case of return above 1700 points, we will wait the breakout of 1720 points to advise long positions.
See the previous analysis of the XAU/USD pair of March 13th, 2012
XAU/USD Analysis
Title:
Technical analysis of the EUR/GBP pair on March 14th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has faked yesterday a return above 0.84.
The pair felt strongly and just validated the breakout of 0.8350, offering a new sell signal.
All indicators are now bearish.
We continue to advise to trade the pair according to key level 0.84.
Below 0.84 - We advise to trade only short positions. The breakout of 0.8350 will give a new sell signal and open the way towards 0.83.
Above 0.84 - We advise to trade only long positions. The breakout of 0.8450 will give a new buy signal and open the way towards 0.85.
See the previous analysis of the EUR/GBP pair of March 14th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/USD pair on March 14th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of 1.31, offering a new sell signal.
The pair is still moving below the lower band of its bullish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.3150 is resistance.
The breakout of 1.30 will give a new sell signal and open the way towards 1.29.
In case of return above 1.3150, we will wait the breakout of 1.32 to advise long positions.
See the previous analysis of the EUR/USD pair of March 13th, 2012
EUR/USD Analysis
Title:
Fed nods to better economy, mum on next move
(Reuters) - The Federal Reserve on Tuesday provided few clues on the prospects for further monetary easing, offering just a slight upgrade to its economic outlook while restating concerns about the high level of unemployment.
The central bank said it expects "moderate" growth over coming quarters with the unemployment rate declining gradually; in January, it said it expected "modest" growth.
It also said a recent spike in energy costs would likely push up inflation, but only temporarily. Over a longer stretch, the Fed said inflation would likely run at or below the its 2 percent target.
"Labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated," the central bank said in a statement after a one-day meeting.
U.S. ...
Title:
Fed holds steady course, offers few clues on future
The Federal Reserve on Tuesday provided few clues on the prospects for further monetary easing, offering just a slight upgrade to its economic outlook while restating concerns about the high level of unemployment.
The central bank said it expects "moderate" growth over coming quarters with the unemployment rate declining gradually; in January, it said it expected "modest" growth.
It also said a recent spike in energy costs would likely push up inflation, but only temporarily. Over a longer stretch, the Fed said inflation would likely run at or below the its 2 percent target.
"Labor market conditions have improved further; the unemployment rate has declined notably in recent months but remains elevated," the central bank said in a statement after a one-day meeting.
U.S. stocks held ...
Title:
Technical analysis of the EUR/GBP pair on March 13th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found support yesterday on 0.8350 and just validated a return above 0.84, offering a buy signal.
Indicators are getting globaly bullish.
We continue to advise to trade the pair according to key level 0.84.
Below 0.84 - We advise to trade only short positions. The breakout of 0.8350 will give a new sell signal and open the way towards 0.83.
Above 0.84 - We advise to trade only long positions. The breakout of 0.8450 will give a new buy signal and open the way towards 0.85.
See the previous analysis of the EUR/GBP pair of March 13th, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/USD pair on March 12th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated on friday a return below 1.32, offering a sell signal and is currently testing the next support at 1.31.
The pair is moving below the lower band of its bullish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.32 is resistance.
The breakout of 1.31 will give a new sell signal and open the way towards 1.30.
In case of return above 1.32, we will wait the breakout of 1.33 to advise long positions.
See the previous analysis of the EUR/USD pair of March 9th, 2012
EUR/USD Analysis
Title:
Technical analysis of the EUR/JPY pair on March 9th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday the breakout of 107, offering a buy signal.
The pair just faked the breakout of the next resistance at 108.
All indicators are bullish.
We continue to advise long positions as far as 107 is support.
The breakout of 108 and 109 will both give a new buy signal.
In case of return below 107, we will wait the breakout of 106 to advise short positions.
See the previous analysis of the EUR/JPY pair of March 8th, 2012
EUR/JPY Analysis
Title:
Wall Street erases week's losses on Greek hopes
Stocks rose on Thursday, recovering most of the week's losses, after Greece moved closer to a bond swap with private creditors to avoid a messy default.
Earlier in the week, the S&P 500 posted its first big loss for the year on fears of a disorderly default in Greece. Now it is down just 0.3 percent for the week, and Thursday's advance was led by shares in the materials and industrial sectors.
Greece was able to convince enough private bondholders to accept a restructuring on Thursday, moving it closer to unlocking aid needed to avoid a disruptive default.
"Today's move is based on the assumption that the Greek deal is resolved. But this is an important week, as we still have the jobs report due tomorrow," said Jack DeGan, chief investment officer at Harbor Advisory Corp in Portsmouth, ...
|