ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Only Long PositionsTitle:
Technical analysis of the XAU/USD (Gold) pair on May 17th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold is currently making a pullback on the resistance at 1550 points.
The pair continues below the lower band of its medium term bearish channel (purple lines).
Indicators stay globaly bearish.
We maintain to trade only short positions as far as 1577 points is resistance.
The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 16th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 16th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold has continued its bearish movement and the breakout of 1550 points gave us a new sell signal.
Currently, the gold is moving towards the next support at 1520 points.
The pair continues below the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1577 points is resistance.
The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 15th, 2012
XAU/USD Analysis
Title:
Speculation On Grexit Continues To Hammer The Euro
Sunrise Market Commentary
- Fixed Income: Global core bonds profit from euro debt crisis
- Concerns about Greece and Spain underpinned the ongoing rally of global core bonds. The German 10-year yield fell below 1.50%. Intra-EMU yield spreads versus Germany widened substantially. Today, the eco calendar is enticing. If no euro debt crisis news acts as a circuit breaker, the eco data may for once drive the price action.
- Currencies: Speculation on Grexit continues to hammer the euro.
- At the start of the new trading week, the Greek crisis remained the key factor for currency trading. With no visibility on the outcome of the EMU crisis, the easiest way for the euro is south. EUR/USD set a new correction low. EUR/GBP dropped below the 0.8000. This morning, strong German ...
Title:
Technical analysis of the XAU/USD (Gold) pair on May 15th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold has continued its bearish movement and the breakout of 1578 gave us a new sell signal.
Currently, the gold is testing the next support at 1550 points.
The pair is now moving below the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1586 points is resistance.
The breakout of 1550 will both a new sell signal and open the way towards 1520 points.
In case of return above 1586 points, we will wait the breakout of 16 to advise long positions.
See the previous analysis of the XAU/USD pair of May 14th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 14th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold is currently testing the support at 1578 points.
The pair continues to move on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1610 points is resistance.
The breakout of 1578 will both a new sell signal and open the way towards 1550 points.
In case of return above 1610 points, we will wait the breakout of 1627 to advise long positions.
See the previous analysis of the XAU/USD pair of May 11th, 2012
XAU/USD Analysis
Title:
EUR/GBP Testing 80.00 Barrier, As BoE Stops Printing Press
Sunrise Market Commentary
- Fixed Income: Largely uneventful session for core bonds
- Core bonds had an insignificant, technical and sentiment-driven session that left bond yields slightly higher in the close. Overnight, negative headline news on JP Morgan and Greece triggered a moderately strong opening of the Bund. Europe will be in the focus today with the publication of the Spanish banking plan and the EU spring forecasts.
- Currencies: EUR/GBP testing 80.00 barrier, as BoE stops printing press
- On Thursday, sentiment on risk turned slightly less negative, even without progress in the Greek debt/election crisis. Nevertheless, the decline in EUR/USD slowed. EUR/GBP reached a minor low just below 0.8000 as the BoE halted its program of asset purchases. For now, we see no ...
Title:
Technical analysis of the XAU/USD (Gold) pair on May 11th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made yesterday a pullback on 1600 points as resistance and is now going to test again the support at 1580 points.
The pair continues to move on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1620 points is resistance.
The breakout of 1580 will both a new sell signal and open the way towards 1550 points.
In case of return above 1620 points, we will wait the breakout of 1640 to advise long positions.
See the previous analysis of the XAU/USD pair of May 10th, 2012
XAU/USD Analysis
Title:
Technical analysis of the XAU/USD (Gold) pair on May 10th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has validated yesterday the breakout of 1600 points, offering a new sell signal.
Then, the pair found support on 1580 points and also on the lower band of its medium term bearish channel (purple lines).
All indicators are bearish.
We maintain to trade only short positions as far as 1620 points is resistance.
The breakout of 1580 will both a new sell signal and open the way towards 1550 points.
In case of return above 1620 points, we will wait the breakout of 1640 to advise long positions.
See the previous analysis of the XAU/USD pair of May 9th, 2012
XAU/USD Analysis
Title:
Copper up on technicals; China buys on dip
(Reuters) - Copper futures rose on Thursday, bouncing off the previous session's three-week lows as some Chinese investors took advantage of the dip in prices to cover short positions and restock.
While China's import and export growth came in surprisingly weak, raising doubts about growth prospects for the world's second-biggest economy, other data due this week may ease fears as they will likely show the economy has bottomed out as inflation slows and output picks up.
Meanwhile, trouble in the euro zone is expected to keep gains capped. Spain's efforts to clean up indebted lender Bankia by taking a stake in it only underlined fresh fears over the country's debts.
Greece's failure to form a coalition government also stirred fears of it backing away from austerity measures.
Three-month ...
|