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Parity A FalseTitle:
Technical analysis of the AUD/USD parity on December 30th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is moving towards the resistance at 1.02 after a false return below 1.01.
The pair is still moving above is bullish slant (blue line).
Indicators are globaly bullish.
We maintain to trade only long positions as far as 1.0050 is support.
The breakout of 1.02 and 1.03 will both give a new buy signal.
In case of return below 1.0050, we will wait the breakout of 1.00 to advise long positions.
See the previous analysis of the AUD/USD parity ...
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SunBirdFX Daily Market Analysis : 24/08/2011
www.sunbirdfx.com
Yesterday, the US stock markets have closed on green territory, while all the indices have been rising; these rises may be attributed to public's faith in the banks and to the "fear dimension" that went down 14%, under 40 points. We will remind that during the last four weeks, the stock market has altogether lost about 16%. Next Friday, the Fed Chairman Bernanke will pronounce a speech in Jackson Hole, Wyoming, and the investors will be bracing for the third quantity easing ...
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Euro lower but seen resilient next week
The euro slipped on Friday but its uptrend of the past three months still looks intact, with the prospect of more interest rate rises from the European central bank seen offsetting concerns about the ability of some poorer euro zone countries to pay their debts.
The euro is up nearly 8.0 percent against the U.S. dollar and 10.4 percent versus the yen in 2011, helped by interest rate differentials with the short end of the euro zone yield curve significantly above the U.S. yield curve,
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Anti-dollar sentiment or new predicament in the making!
The dollar continues to decline against its major counterparts as the dollar index heads south for the fourth consecutive week. Commodities and equities are moving higher and the sentiment over the US economy remains mixed though generally confirmed continued purchases of debt which is keeping the bias negative on the dollar opposed to the expected tightening by other banks on high inflation!
We can see this sentiment haunting the euro, especially ahead of the ECB rate decision this Thursday. ...
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Technical analysis of the AUD/USD parity on December 9th, 2010
Commentary of the AUD/USD parity:
The pair AUD/USD just found support on 0.98 after a false breakout of this level. The price is now moving towards 0.99. Indicators are mixed. We maintain to trade only long positions as far as 0.98 is support. The breakout of 0.99 will give a new buy signal. Next resistance is at 1.0.
See the previous analysis of the AUD/USD parity of December 8th, 2010
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Technical analysis of the NZD/USD parity on October 13th, 2010
Commentary of the NZD/USD parity :
After a false breakout of 0.75, the bullish movement finaly took up. The return above 0.75 gave us a buy signal. THen, 0.7550 has been broke,, giving us another buy signal. We maintain to trade only long positions as far as 0.7528 is support. THe breakout of 0.76 (major resistance) will give a new buy signal. However, if 0.7528 is broken, we will be neutral.
See the previous analysis of the NZD/USD parity of October 12th, 2010
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Forex - All Aboard the QE Bandwagon
Just about every talking head who is anyone has now jumped on the QE Part Deux bandwagon – the result has been the massive deprecation of the USD. Chicago Fed President Evans revealed in a WSJ piece that he expected the Fed to do more to aid the fledging US economy and thus helped fan the quantitative easing (QE) flame. Interestingly though, yesterday’s US data surprised to the upside as non-manufacturing ISM improved to 53.2 – nevertheless, the chant for more easing continued uninterrupted. ...
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Technical analysis of the GBP/USD parity on september 28th, 2010
Commentary of the GBP/USD parity :
The parity made a false breakout of the resistance at 1.5825 and currently seems to make a correction. However, we maintain to trade only long positions as far as 1.5714 (former major resistance) is support. A pullback on this level will be a good entry point for long positions. A return above 1.5825 will comfort our bullish feeling.
See the previous analysis of the GBP/USD parity of September 27th, 2010
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Forex - FX Consolidates but Market Still Favors USD
Safe haven trades were slightly stronger this morning despite some encouraging US data and an okay Irish debt auction. However, due to the low liquidity in Asia and Middle East, plus the summer & holiday atmosphere still infecting most of the G10 nations, market moves should be taken with a grain of salt. Yesterdays divergence between stock markets and EURUSD performance, highlights in our mind, the fact that traders are still heavily bearish EUR and to a lesser extent broader risk correlated ...
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