Parity Is Currently Making

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

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

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

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

Commentary of the XAU/USD parity: 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 1st, 2010

Commentary of the USD/JPY parity : The parity is currently making a correction and 90.68 has been broken. So, we are now neutral on the parity between this level and 91.46. We will wait the break out of one of these bands to enter into the side of the break out : - Long if 91.46 is broken as far as 90.68 is support - Short if 90.68 is broken as far as 91.46 is resistance. See the previous analysis of the USD/JPY parity of May 27th, 2010

Commentary of the USD/CHF parity : The parity reached the resistance at 1.17 and is currently making a pullback on the upper band of our former range at 1.1580. The break out of 1.17 will give a new buy signal. We maintain to trade only long positions as far as 1.1450 is support. If this level is broken, we will stay neutral. See the previous analysis of the USD/CHF parity of May 25th, 2010

Commentary of the XAU/USD parity: The parity seems currently to end the end of its bearish correction. Indicators are mixed. The price is making a pullback on 1190. A break out of this level will offer a buy signal. We will then advise to trade only long positions as far as the price is above 1180. However, a return below 1180 is bearish. We will then stay neutral, waiting for a new support to be reach to trade again long positions. See the previous analysis of the XAU/USD parity of May 21th, 2010

Commentary of the GBP/JPY parity : The parity got out of its bearish channel and is currently making a correction. However, we maintain to trade only short positions as far as 132.50 (last highest) is resistance. A return below 129.76 will indicate a take up of the bearish movement. The break out of 128 will give a new sell signal. See the previous analysis of the GBP/JPY parity of May 21th, 2010