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Parity Is Currently TestingTitle:
Technical analysis of the XAU/USD (Gold) parity on October 7th,2010
Commentary of the XAU/USD parity:
Higher and higher : the parity is currently testing a breakout of the resistance at 1350 which will give a new buy signal. All indicators are bullish. We maintain to trade only long positions as far as 1340 is support. Attention, a correction could happen at every time.
See the previous analysis of the XAU/USD parity of October 7th, 2010
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Technical analysis of the AUD/USD parity on October 7th, 2010
Commentary of the AUD/USD parity:
The parity just broke the resistance at 0.98, offering a new buy signal and is currently testing the next one at 0.99 to make its return above its bullish slant. All indicators are bullish. 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. The next resistance is the 1.0...
See the previous analysis of the AUD/USD parity of October 6th, 2010
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Technical analysis of the EUR/GBP parity on October 7th, 2010
Commentary of the EUR/GBP parity:
The parity broke the last highest of October 3rd at 0.8730. The parity is currently testing the resistance at 0.88 and also an exit from the top of its bullish channel. All indicators are bullish. We maintain to trade only long positions as far as 0.8725 is support. The breakout of 0.88 will give a new buy signal. The next major resistance is at 0.90
See the previous analysis of the EUR/GBP parity of October 6th, 2010
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Technical analysis of the USD/CAD parity on October 7th, 2010
Commentary of the USD/CAD parity :
The parity continues its bearish movement and is currently testing the support at 1.01. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 1.0150 is resistance. The next support is at 1.0050 and 0.9990 (major daily support)
See the previous analysis of the USD/CAD parity of October 6th, 2010
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Technical analysis of the AUD/USD parity on October 6th, 2010
Commentary of the AUD/USD parity:
The parity fake a breakout of 0.96. The return above this level offered a buy signal and the price got back above 0.97 (new buy signal). Currently, the parity is testing the highest of October 1st at 0.9750. All indicators are bullish. We maintain to trade only long positions as far as 0.9650 is support. The breakout of 0.98 will give a new buy signal.
See the previous analysis of the AUD/USD parity of October 5th, 2010
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Technical analysis of the GBP/JPY parity on October 6th, 2010
Commentary of the GBP/JPY parity :
We maintain our last commentary : 'The parity finaly broke the resistance at 132.03 and is currently testing the upper band of its bearish channel. We are neutral at this time between 132.03 and 132.53. We will wait an exit of this range to take position:
- Long if 132.53 is broken as far as 132.03 is support
- Short if 132.03 is broken as far as 132.53 is resistance'
See the previous analysis of the GBP/JPY parity of October 5th, 2010
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Technical analysis of the NZD/USD parity on October 6th, 2010
Commentary of the NZD/USD parity :
The pullback on the support at 0.7395 (major support) has been validated and the bullish movement took up. Then, the breakout of the resistance at 0.7450 gave us a new buy signal and currently, the parity is testing a major resistance at 0.75. We maintain to trade only long positions as far as 0.7450 is support. THe breakout of 0.75 will give a new buy signal.
See the previous analysis of the NZD/USD parity of Ocotber 5th, 2010
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Technical analysis of the EUR/CHF parity on October 5th, 2010
Commentary of the EUR/CHF parity:
The price made a strong correction and the parity is currently testing 1.33 as support. Indicators are now bearish. We stay neutral between 1.33 and 1.3350 and we will wait an exit of this range to take position:
- Short if 1.33 is broken
- Long if the price gets back above 1.3350
See the previous analysis of the EUR/CHF parity of October 4th, 2010
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Technical analysis of the GBP/JPY parity on October 5th, 2010
Commentary of the GBP/JPY parity :
The parity finaly broke the resistance at 132.03 and is currently testing the upper band of its bearish channel. We are neutral at this time between 132.03 and 132.53. We will wait an exit of this range to take position:
- Long if 132.53 is broken as far as 132.03 is support
- Short if 132.03 is broken as far as 132.53 is resistance
See the previous analysis of the GBP/JPY parity of October 4th, 2010
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