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Parity A CorrectionTitle:
Technical analysis of the XAU/USD (Gold) parity on June 9th, 2010
Commentary of the XAU/USD parity:
The parity continued its bullish movement towards the resistance at 1250 but this level has not been broken. Currently, the price is making a correction. Indicators stay globaly bullish. We maintain to trade only long positions as far as the price is above 1227. A break out of 1250 will offer a new buy signal.
See the previous analysis of the XAU/USD parity of June 8th, 2010
Title:
Technical analysis of the EUR/USD parity on June 9th, 2010
Commentary of the EUR/USD parity :
The parity continues to move between 1.19 and 1.20. We maintain our last commentary :
'The parity well pursuit its bearish movement below 1.23. The support at 1.22 (1.2150 in extension) has been broken, giving us a new sell signal. Currently, the price is testing the support at 1.19. All indicators are bearish. We maintain to trade only short positions as far as the price is below 1.20. A break out of the support at 1.19 will offer a new sell signal. However, as far as this level is not broken, a pullback on 1.20 or higher is possible as a correction. If 1.20 is broken, the correction could pursuit towards 1.21/1.22. We will then stay neutral, waiting for the price to be close of a resistance to trade again short positions.'
See the previous ...
Title:
Technical analysis of the EUR/JPY parity on June 8th, 2010
Commentary of the EUR/JPY parity :
The parity just made a pullback on 110 as resistance. Indicators stay globaly bearish. Our last commentary is unchanged :
'On friday, the break out of the support at 122 offered a sell signal. Then, the price continued its bearish movement, breaking the support at 110 to reach the support at 108. Currently, the price is making a rebound on 108 as a correction. All indicators are bearish. As far as the price is below 110, we maintain to trade only short positions. A break out of 108 will offer a new sell signal. A pullback on this level is possible as far as 108 is support. If 110 is broken, we will wait a return on 112 (next resistance) to trade again short positions.'
See the previous analysis of the EUR/JPY parity of June 7th, 2010
Title:
Technical analysis of the EUR/USD parity on June 8th, 2010
Commentary of the EUR/USD parity :
The parity continues to move between 1.19 and 1.20. We maintain our last commentary :
'The parity well pursuit its bearish movement below 1.23. The support at 1.22 (1.2150 in extension) has been broken, giving us a new sell signal. Currently, the price is testing the support at 1.19. All indicators are bearish. We maintain to trade only short positions as far as the price is below 1.20. A break out of the support at 1.19 will offer a new sell signal. However, as far as this level is not broken, a pullback on 1.20 or higher is possible as a correction. If 1.20 is broken, the correction could pursuit towards 1.21/1.22. We will then stay neutral, waiting for the price to be close of a resistance to trade again short positions.'
See the previous ...
Title:
Technical analysis of the EUR/JPY parity on June 7th, 2010
Commentary of the EUR/JPY parity :
On friday, the break out of the support at 122 offered a sell signal. Then, the price continued its bearish movement, breaking the support at 110 to reach the support at 108. Currently, the price is making a rebound on 108 as a correction. All indicators are bearish. As far as the price is below 110, we maintain to trade only short positions. A break out of 108 will offer a new sell signal. A pullback on this level is possible as far as 108 is support. If 110 is broken, we will wait a return on 112 (next resistance) to trade again short positions.
See the previous analysis of the EUR/JPY parity of June 4th, 2010
Title:
Technical analysis of the EUR/USD parity on June 7th, 2010
Commentary of the EUR/USD parity :
The parity well pursuit its bearish movement below 1.23. The support at 1.22 (1.2150 in extension) has been broken, giving us a new sell signal. Currently, the price is testing the support at 1.19. All indicators are bearish. We maintain to trade only short positions as far as the price is below 1.20. A break out of the support at 1.19 will offer a new sell signal. However, as far as this level is not broken, a pullback on 1.20 or higher is possible as a correction. If 1.20 is broken, the correction could pursuit towards 1.21/1.22. We will then stay neutral, waiting for the price to be close of a resistance to trade again short positions.
See the previous analysis of the EUR/USD parity of June 4th, 2010
Title:
Technical analysis of the GBP/USD parity on June 4th, 2010
Commentary of the GBP/USD parity :
The parity made a new correction on 1.46 which acted again as support. The parity is now moving into a bullish channel (black lines). We maintain to trade only long positions as far as it is the case (the lower band is towards 1.46 -our key level). The berak out of 1.4810 (level 50%) will give a new buy signal. However, if an exit of the channel occur, a sell signal will be given.
See the previous analysis of the GBP/USD parity of June 3rd, 2010
Title:
Technical analysis of the XAU/USD (Gold) parity on June 3rd, 2010
Commentary of the XAU/USD parity:
We maintain our last commentary : 'The gold reached the fibonacci retracement 0% at 1127, but without breaking it. Currently, the price is making a correction. All indicators are still bearish. We maintain to trade only long positions as far as the price is above 1210. A break out of 1227 will offer a new buy signal and will open the way towards 1250.'
See the previous analysis of the XAU/USD parity of June 2nd, 2010
Title:
Technical analysis of the EUR/GBP parity on June 3rd, 2010
Commentary of the EUR/GBP parity:
The parity reached 0.8380 at its highest on its correction. The price seems now to give some signs of reversal. All indicators are still bearish. The price is now moving below a bearish slant (dotted purple line). As far as the price is below 0.84, we maintain to trade only short positions. A break out of 0.83 will give a new sell signal.
See the previous analysis of the EUR/GBP parity of June 2nd, 2010
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