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Parity After A PullbackTitle:
Technical analysis of the AUD/USD parity on February 6th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has made a high on friday on the resistance at 1.08.
The pair is now going to test 1.07 as support after a pullback.
The pair is still moving above its falling wedge and above a bullish slant (blue line).
All indicators are bullish.
We continue to advise long positions as far as 1.06 is support.
The breakout of 1.08 and 1.09 will both give a new buy signal.
In case of return below 1.06, we will wait a breakout of 1.05 to advise short ...
Title:
Gold recovers from lows as dollar retreats
(Reuters) - Gold prices steadied in Europe on Monday as a retreat in the dollar took some early selling pressure off the metal, with trading cautious ahead of a meeting between the French and German leaders on the euro zone economy later in the day.
Spot gold was little changed at $1,617.29 an ounce at 1110 GMT versus $1,616.98 late in New York on Friday, up from an earlier low of $1,604.44. U.S. gold futures for February delivery were up $1 an ounce at $1,617.90.
While confidence in gold's ...
Title:
PRECIOUS-Gold recovers from lows as dollar retreats
(Reuters) - Gold prices steadied in Europe on Monday as a retreat in the dollar took some early selling pressure off the metal, with trading cautious ahead of a meeting between the French and German leaders on the euro zone economy later in the day.
Spot gold was little changed at $1,617.29 an ounce at 1110 GMT versus $1,616.98 late in New York on Friday, up from an earlier low of $1,604.44. U.S. gold futures for February delivery were up $1 an ounce at $1,617.90.
While confidence in gold's ...
Title:
Technical analysis of the AUD/USD parity on November 25th, 2011
Commentary of the AUD/USD parity:
After having reached yesterday the objective of the "Head and Shoulders" pattern at 0.97, the pair AUD/USD made a pullback on 0.98 as resistance.
Then, the pair felt and is currently testing again 0.97.
All indicators are bearish.
We maintain to trade only short positions as far as 0.9850 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.9850, we will wait the breakout of 1.0 to advise ...
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The Weekly Bottom Line : 28/10/2011
The Weekly Bottom Line : 28/10/2011
HIGHLIGHTS OF THE WEEK
United States
Policymakers in Europe met this week to hammer out a three point plan to save the euro zone. The plan includes a 50% voluntary write down of Greek debt, a strategy to recapitalize the European banking system, and a plan to optimize the use of the existing bailout fund (the EFSF) to safeguard the debt of other vulnerable sovereigns.
The plan is a step in the right direction, but its success will depend on a number ...
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YouTradeFX Daily Market Analysis : 14/10/2011
EUR/USD
The EUR/USD retreated on Thursday as the market started to lock on profits amid generally eased woes over the outlook for the euro area where investors returned to focus on the weak data and the fragile state of the global economy.
Investors remain upbeat on the prospect for a resolution to the debt crisis and see leaders walking in the right path, especially after EC President Jose Barroso presented a broad plan to contain the crisis including economic governance, bank ...
Title:
Technical analysis of the AUD/USD parity on October 13th, 2011
Commentary of the AUD/USD parity:
After a pullback on 0.99 as support, the pair AUD/USD has validated the breakout of 1.0 and 1.01, offering both a new buy signal.
The pair is currently testing the next resistance at 1.02.
All indicators are bullish.
We maintain to trade only long positions as far as 1.0 is support.
The breakout of 1.02 will give a new buy signal and open the way towards 1.03.
In case of return below 1.0, we will wait the breakout of 0.99 to advise short positions.
See ...
Title:
Risk Sentiment Stumbles Again, Waiting for Jackson Hole
The Week Ahead
Highlights
Risk sentiment stumbles again
Waiting for Jackson Hole
Are 'safe-havens' due for a short-term pullback?
SNB intervention risk is here to stay
The ECB calms sovereign debt markets
Key data and events to watch next week
Risk sentiment stumbles again
Risk assets (stocks, commodities, JPY- and CHF-crosses, and commodity currencies) stabilized further to start this past week, but suffered what seems likely to be the first in a series of periodic ...
Title:
Technical analysis of the AUD/USD parity on July 25th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD is currently testing a pullback on 1.08 after having found resistance on 1.0850.
All indicators are bullish.
We maintain to trade only long positions as far as 1.0750 is support.
The breakout of 1.0850 and 1.09 will both give a new buy signal and open the way towards 1.0950.
In case of return below 1.0750, we will wait the break out of 1.07 to trade short positions.
See the previous analysis of the AUD/USD parity of July 22th, 2011
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