Parity Is Currently Making

Commentary of the NZD/USD parity : The parity is currently making a correction and got out of its bearish channel. However, we maintain to trade only short positions as far as 0.6838 is resistance. The break out of 0.6642 will give a new sell signal. If 0.6838 is broken, we will stay neutral. See the previous analysis of the NZD/USD parity of May 21th, 2010

Commentary of the USD/CAD parity : 1.0741 (level 0% of fibonacci retracements) acted well as resistance. The break out of this level will give a new buy signal. Currently, the price is making a correction but we maintain to trade only long positions as far as 1.0550 (level 23.60%) is support. If this level is broken, we will stay neutral. See the previous analysis of the USD/CAD parity of May 21th, 2010

Commentary of the GBP/JPY parity : 129.76 (fibonacci retracement 0%) has been broken this time, giving us a new sell signal. The parity is currently making a pullback on this level. Be careful, the correction could pursuit, an important bullish divergence appear on the RSI and the Momentum. However, we maintain to trade only short positions as far as 132.50 (last highest) is resistance. Besides, the parity is moving into a bearish channel. The break out of 128 will give a new sell signal. See the previous analysis of the GBP/JPY parity of May 20th, 2010

Commentary of the NZD/USD parity : After its pullback on 0.6838, the parity broke the support at 0.6741, giving us a new sell signal. The price is currently making a pullback on this level. 0.6642 acted as support. The break out of this level will give a new sell signal. The parity seems to move into a bearish channel. We maintain to trade only short positions as far as 0.6838 is resistance. If this level is broken, we will stay neutral. See the previous analysis of the NZD/USD parity of May 20th, 2010

The EUR has reemerged these past couple of trading days. Few analysts were anticipating such a rapid bounce-back in the value of the EUR by this time last week. Now, however, it seems as if this rise has left some feeling uneasy. Upward corrections to such a sustained downward movement are to be expected, analysts have repeatedly stated, but there is still a concern that these sharp swings represent instability, and have a number of investors worried as a result. Economic News USD - USD Making Strong Gains against Exotic Currencies The US Dollar has seen mixed results these past few days. Against its primary rival, the EUR, the greenback has been in a mild downward corrective pattern; falling back down to as low as 1.2645 against the 16-nation single currency. On the other hand, the ...

Commentary of the EUR/CHF parity: The parity got out of its range from the top. A buy signal has been given and we advised to enter long if 1.4050 was broken. Then, a strong bullish movement allowed the price to reach the resistance at 1.43 (highest of May 10th). Currently, the price is making a correction. We are bearish on the parity. As far as the price is below 1.4250, we advise to trade only short positions. See the previous analysis of the EUR/CHF parity of May 19th, 2010

Commentary of the GBP/JPY parity : The parity is currently making a correction but 134.50 is still resistance. As far as it is the case, we maintain to trade only short positions. A new break out of 133.13 (level 23.60%) will indicate a take up of the bearish movement. However, if 134.50 is broken, we will stay neutral on the parity, waiting for a new entry point (short) See the previous analysis of the GBP/JPY parity of May 17th, 2010

Commentary of the USD/CHF parity : 1.14 acted well as resistance and the parity is currently making a correction. A pullback on 1.1246 is possible. As far as this level is support, we maintain to trade only long positions. The break out of 1.14 will give a new buy signal. If 1.1246 is broken, we will stay neutral, waiting for a new buy signal. See the previous analysis of the USD/CHF parity of May 17th, 2010

Commentary of the EUR/USD parity : The parity found support on the lowest of May 6th at 1.2519. The break out of 1.26 is validated. Currently, the price is making a little reboudn. This correction should allow the price to make a pullback on 1.26. Indicators are globaly bearihs. We maintain to trade only short positions as far as the price is below the lower band of its baerish channel (black line - 1.27 in extension). A break out of 1.2519 will offer a new sell signal. If the price get back above 1.27, we will then stay neutral on the parity. See the previous analysis of the EUR/USD parity of May 13th, 2010