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Parity Is Currently TestingTitle:
Technical analysis of the USD/CHF parity on June 16th, 2010
Commentary of the USD/CHF parity :
The parity continues its bearish movement and is currently testing 1.1310 (level 50% of fibonacci retracements). The break out of this level will give a new sell signal. The next support is at 1.1219 (level 61.80%). We maintain to trade only short positions as far as the price is moving into its bearish channel.
See the previous analysis of the USD/CHF parity of June 15th, 2010
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Technical analysis of the EUR/USD parity on June 15th, 2010
Commentary of the EUR/USD parity :
The parity well pursuit its bullish movement towards the resistance at 1.23. Currently, the price is making a correction and is testing the support at 1.22. Indicators are globaby bullish. We maintain to trade only long positions as far as the price is above 1.2150. A return above 1.22 will comfort our bullish feeling. However, a break out of 1.2150 is bearish.
See the previous analysis of the EUR/USD parity of June 14th, 2010
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Technical analysis of the EUR/USD parity on June 14th, 2010
Commentary of the EUR/USD parity :
The parity is currently testing the resistance at 1.2150/1.22. 1.22 has been reached. Indicators are globaly bullish. We maintain to trade only long positions as far as the price is above the upper band of its short term bullish channel (dotted line) or above 1.21. A break out of 1.22 will offer a new buy signal.
See the previous analysis of the EUR/USD parity of June 11th, 2010
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Technical analysis of the XAU/USD (Gold) parity on June 11th, 2010
Commentary of the XAU/USD parity:
The parity broke the support at 1227. The price is currently testing the lower band of its medium term bullish channel (dotted black lines). All indicators are bearish. We stay neutral as far as the price is below 1227. If the price get back above this level, we will advise to trade again long positions.
See the previous analysis of the XAU/USD parity of June 10th, 2010
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Technical analysis of the EUR/CHF parity on June 11th, 2010
Commentary of the EUR/CHF parity:
The parity is currently testing the resistance at 1.3850. Indicators are mixed. We maintain to trade only short positions as far as the price is below 1.3850. A break out of 1.3750 will offer a new sell signal. If 1.3850 is broken, we will stay neutral. The price could then reach 1.39 or its bearish slant (dotted purple line).
See the previous analysis of the EUR/CHF parity of June 10th, 2010
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Technical analysis of the EUR/JPY parity on June 11th, 2010
Commentary of the EUR/JPY parity :
The parity just broke the resistance at 110. A buy signal has been given. All indicators are getting bullish. We maintain to trade only long positions as far as the price is above 110 (now support). The price is currently testing 111. A break out of this level will offer a new buy signal but as far as this level is resistance, a pullback on 110 is possible.
See the previous analysis of the EUR/JPY parity of June 10th, 2010
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Technical analysis of the GBP/USD parity on June 11th, 2010
Commentary of the GBP/USD parity :
The buy signal has been given by the break out of 1.46, our key level. Currently, the price is testing 1.4730. The break out of this level will give a new buy signal. The next resistance is at 1.4810 (level 50%). We advise to trade only long positions as far as 1.46 is support.
See the previous analysis of the GBP/USD parity of June 10th, 2010
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Technical analysis of the USD/CHF parity on June 11th, 2010
Commentary of the USD/CHF parity :
The parity continues its bearish movement and is currently testing the level 1.1401 (level 38.20% of fibonacci retracements). The break out of this level will give a new sell signal. The next support is at 1.1310 (level 50%). We maintain to trade only short positions as far as 1.1514 (level 23.60%) is resistance.
See the previous analysis of the USD/CHF parity of June 10th, 2010
Title:
Technical analysis of the XAU/USD (Gold) parity on June 10th, 2010
Commentary of the XAU/USD parity:
The parity continues its correstion and is currently testing the support at 1227. Indicators are mixed. The price is still into its medium term bullish channel (dotted black lines). We maintain to trade only long positions as far as 1227 is support. If this level is broken, we will stay neutral and wait a return above 1227 to trade again long positions.
See the previous analysis of the XAU/USD parity of June 9th, 2010
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