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Parity The Movement FinalyTitle:
Technical analysis of the NZD/USD parity on October 13th, 2010
Commentary of the NZD/USD parity :
After a false breakout of 0.75, the bullish movement finaly took up. The return above 0.75 gave us a buy signal. THen, 0.7550 has been broke,, giving us another buy signal. We maintain to trade only long positions as far as 0.7528 is support. THe breakout of 0.76 (major resistance) will give a new buy signal. However, if 0.7528 is broken, we will be neutral.
See the previous analysis of the NZD/USD parity of October 12th, 2010
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Technical analysis of the USD/CAD parity on October 11th, 2010
Commentary of the USD/CAD parity :
The parity touched the resistance at 1.0225 and the bearish movement finaly took up and the return below 1.0150 allowed us to trade again short positions. Currently, the parity is 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.
See the previous analysis of the USD/CAD parity of October 8th, 2010
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Technical analysis of the GBP/USD parity on september 29th, 2010
Commentary of the GBP/USD parity :
After a pullback on the major support at 1.5714 (level advised to enter long), the parity finaly took up its bullish movement and 1.58 seems now to give support. Currently, the parity is testing the last highest and the breakout of the resistance at 1.5854 will give a new buy signal. We maintain to trade only long positions as far as 1.58 is support. In case of breakout, we will stay neutral (a correction will be then possible).
See the previous analysis of ...
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Technical analysis of the NZD/USD parity on september 22th, 2010
Commentary of the NZD/USD parity :
A strong bullish movement occured on the parity and 0.73 has been finaly broken, giving us a buy signal. Currently, the parity is going to test the last highest at 0.7395 which allowed us to draw fibonacci retracements. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 0.7321 is support.
See the previous analysis of the NZD/USD parity of September 21th, 2010
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Technical analysis of the USD/CHF parity on September 15th, 2010
Commentary of the USD/CHF parity :
The parity continued its bearish movement and the breakout of 1.0 gave us a new sell signal. 0.9953 finaly gave support and allowed a rebound of the parity. We maintain to trade only short positions as far as 1.0072 is resistance. The breakout of 0.9953 will give a new sell signal. However, if 1.0072 is broken, a buy signal will be given.
See the previous analysis of the USD/CHF parity of September 14th, 2010
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Technical analysis of the GBP/JPY parity on september 14th, 2010
Commentary of the GBP/JPY parity :
130 acted perfectly as resistance and the parity finaly pursuit its bearish movement and got out of its range 129-130 from the bottom. The breakout of 129 gave us a new sell signal. We maintain to trade only short positions as far as this level is resistance. Currently, the parity is testing the next support at 128. The breakout of this level will give a new sell signal. However, if the price gets back above 129, we will stay neutral between 129 and 130.
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Technical analysis of the NZD/USD parity on september 14th, 2010
Commentary of the NZD/USD parity :
0.7350 finaly stopped the bullish movement. Currently, the parity is making a correction and the price got back below 0.73. We will stay neutral between this level and 0.7253 (level 23.60%). We will wait an exit of this range to take position:
- Long again if 0.73 is broken
- Short if 0.7253 is broken
See the previous analysis of the NZD/USD parity of September 13th, 2010
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Technical analysis of the USD/CHF parity on August 24th, 2010
Commentary of the USD/CHF parity :
The bullish movement finaly continued and 1.0370 has been broken, giving us a buy signal. This level is our key level. We advise to trade only long positions as far as 1.0370 is support. The breakout of 1.0480 will give a new buy signal. However, if the price get back below 1.0370, we could trade again short positions.
See the previous analysis of the USD/CHF parity of August 23th, 2010
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Technical analysis of the EUR/JPY parity on July 22th, 2010
Commentary of the EUR/JPY parity :
Finaly, the support at 112 has been broken and allow the parity to start a stong bearish movement. The price is currently testing a breakout of the support at 111. 110 has been already reach in extension. All indicators are bearish. We advise to trade only short positions as far as the price is below 111. A pullback on this level is possible. The break out of 110 will give a new sell signal. The next support is at 109.
See the previous analysis of the EUR/ ...
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