ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Parity Continues To MoveTitle:
Forex - Relief over Payrolls Supports Risk Taking...For Now
There was considerable hype leading up to Friday’s US data with many considering the payroll numbers to be the awaited trigger for an upswing in the US. A large surprise to the upside would have further discouraged the Fed from introducing additional QE, which had it happened would have given the USD a strong boost. Private payrolls did surprise to the upside a bit, with August numbers coming in at 67k vs. a 40k expected. Concurrently, the prior reading was revised up to 107k from 71k. The Forex market reacted accordingly creating a short squeeze risk-rally which saw quick selling of the USD, JPY and CHF (safe haven currencies). The numbers were not high enough to trigger an upswing with any legs nor ensure the Fed would stay on the sidelines in the future.
The risk rally in FX was ...
Title:
Technical analysis of the USD/CAD parity on september 7th, 2010
Commentary of the USD/CAD parity :
The parity continues its bearish movement and the breakout of 1.0382 gave us a new sell signal. Currently, the parity is testing a pullback on this level. We maintain to trade only short positions as far as 1.04 is resistance. The breakout of 1.0320 will give a new sell signal. However, if 1.04 is broken, we will stay neutral.
See the previous analysis of the USD/CAD parity of September 6th, 2010
Title:
Technical analysis of the USD/CHF parity on September 7th, 2010
Commentary of the USD/CHF parity :
The parity continues its bearish movement and the breakout of 1.0150 gave us a new sell signal. Currently, the parity its testing the next support at 1.01. The breakout of this level will give another sell signal. We maintain to trade only short positions as far as 1.0150 is resistance. If this level is broken ,we will stay neutral between this level and 1.0218.
See the previous analysis of the USD/CHF parity of September 6th, 2010
Title:
Technical analysis of the USD/JPY parity on September 7th, 2010
Commentary of the USD/JPY parity :
The parity continues its bearish movement and is currently testing the support at 83.97 which link all the last lowest. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 84.50 is resistance. Between 84.50 and 84.93, we stay neutral.
See the previous analysis of the USD/JPY parity of September 6th, 2010
Title:
Technical analysis of the NZD/USD parity on september 6th, 2010
Commentary of the NZD/USD parity :
The parity continues its bullish movement and the breakout of the resistance at 0.7166 (level 38.20%) gave us a new buy signal. The next resistance is at 0.7253 (level 23.60%). We maintain to trade only long positions as far as 0.7180 is support. If this level is broken, we will stay neutral.
See the previous analysis of the NZD/USD parity of September 3rd, 2010
Title:
Technical analysis of the USD/CAD parity on september 6th, 2010
Commentary of the USD/CAD parity :
The parity continues its bearish movement and the breakout of 1.0467 gave us a new sell signal. Currently, the parity is testing the support at 1.0382. The breakout of this level will give another sell signal. We maintain to trade only short positions as far as 1.0467 is resistance.
See the previous analysis of the USD/CAD parity of September 3rd, 2010
Title:
Forex - FX Skittish Before ECB
The rally in risk appetite boosted by strong Chinese and Australian data yesterday was further encouraged after our last article by stronger than expected US ISM numbers. Forex risk correlated currencies, such as the Euro, moved lock-in-step with the data. EURUSD rallied above 1.2800 and the S&P climb above 1080. However, US rates weren’t invited to the party as players remained unsure – 10 yr yields did jump roughly 10 bps, but have since retraced
The divergence between equities and bond yields puts us in the corner that any risk rally may be just a short term correction until we get further information. Perhaps our greatest clarity surrounds the recent CHF strength and reconfirmed by today’s Swiss real GDP, released early this morning which rose 0.9% q/q. Q1 growth was revised up to 1. ...
Title:
Technical analysis of the GBP/JPY parity on september 1st, 2010
Commentary of the GBP/JPY parity :
The parity continues its bearish movement and the breakout of 130.86 gave us a new sell signal. Then, 129 acted again as support. The breakout of this level will give another sell signal. We maintain to trade only short positions as far as 130.86 is resistance. 130 is also a resistance and the breakout of this level will indicate a return on 130.86.
See the previous analysis of the GBP/JPY parity of August 31th, 2010
Title:
Technical analysis of the GBP/USD parity on september 1st, 2010
Commentary of the GBP/USD parity :
The parity continues its bearish movement and the breakout of 1.5462 gave us a new sell signal. 1.54 has been also broken. Currently, the parity is testing a pullback on 1.54. We maintain to trade only short positions as far as 1.5462 is resistance. The breakout of 1.5340 will give a new sell signal.
See the previous analysis of the GBP/USD parity of August 31th, 2010
|