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Parity The Movement FinalyTitle:
Technical analysis of the NZD/USD parity on July 21th, 2010
Commentary of the NZD/USD parity :
The movement finaly pursuit and the breakout of 0.7157 gave us a buy signal. We advise to trade only long positions as far as this level is support. If this level is broken, we could trade again short positions. So 0.7157 is our key level.
See the previous analysis of the NZD/USD parity of July 20th, 2010
Title:
Technical analysis of the USD/JPY parity on July 15th, 2010
Commentary of the USD/JPY parity :
The parity finaly took up its bearish movement and the breakout of 88.34 gave us a sell signal. We now advise to trade only short positions as far as this level is resistance. The next support is at 87.50. The break out of this level will give a new sell signal. However, if the price get back above 88.34, we will advise to trade again long positions.
See the previous analysis of the USD/JPY parity of July 14th, 2010
Title:
Technical analysis of the EUR/USD parity on July 14th, 2010
Commentary of the EUR/USD parity :
The parity finaly found support on 1.2550. Then, a strong bullish movement occured. The price is currently testing the resistance at 1.27. All indicators are now bullish. We advise to trade only long positions as far as the price is above 1.2650. A rebound on 1.27 as support will offer a new buy signal. However, a breakout of 1.2650 could allow the price to reach 1.2550 again and also to continue its movements without a real trend between 1.2550 and 1.27.
See the previous analysis of the EUR/USD parity of July 13th, 2010
Title:
Technical analysis of the GBP/JPY parity on July 14th, 2010
Commentary of the GBP/JPY parity :
The parity finaly exit its range from the top. The break out of 134 gave us a buy signal. Then, the movement continued and is currently testing the resistance at 135.64. The break out of this level will give a new buy signal. We maintain to trade only long positions as far as 134.67 is support. We underline also that the parity is moving into a bullish channel and is currently and the upper band. So, a correction is possible.
See the previous analysis of the GBP/JPY parity of July 13th, 2010
Title:
Technical analysis of the GBP/USD parity on July 14th, 2010
Commentary of the GBP/USD parity :
The support at 1.5012 has not been broken and that's finaly the breakout of 1.5050 that gave us a buy signal. Then, a strong bullish movement occured, breaking the resistance at 1.52. A new buy signal has been given. The next resistance is at 1.53. We maintain to trade only long positions as far as 1.5091 is support.
See the previous analysis of the GBP/USD parity of July 13th, 2010
Title:
Technical analysis of the GBP/JPY parity on May 28th, 2010
Commentary of the GBP/JPY parity :
The last highest at 131.39 has been finaly broken. By drawing fibonnaci retracements of the last bearish movement, we see that the level 38.20 at 133.36 is resistance. We stay neutral at this time as far as the price is moving this level and 130.83 (level 23.60%). We will wait a break out of these bands to enter into the side of the break out. A take up of the bearish movement seems more likely to happen, indeed, a bearish divergence appears on the RSI.
See the previous analysis of the GBP/JPY parity of May 27th, 2010
Title:
Technical analysis of the GBP/USD parity on May 28th, 2010
Commentary of the GBP/USD parity :
The parity finaly got out of its range from the top, breaking 1.4476. By drawing fibonacci retracements of the last bearih movement, we see that the level 23.60% at 1.4503 is now support. We stay neutral on the parity as far as the price is moving between this level and 1.4673 (level 38.20%). We will wait a break out of one of these two bands to enter into the side of the break out. A break out 1.4503 seems more likely to happen, indeed, a bearish divergence appear on the RSI.
See the previous analysis of the GBP/USD parity of May 27th, 2010
Title:
Technical analysis of the GBP/USD parity on May 19th, 2010
Commentary of the GBP/USD parity :
The correction finaly stopped on 1.4476 (level 0%). The, the bearish movement took up but a new divergence is appearing on the RSI. However, we maintain to trade only short positions asf ar as 1.4476 is resistance. If this level is broken, we will stay neutral. The break out of 1.43 just gave us a new sell signal and the parity seems to make a pullback on it. The next support is at 1.42.
See the previous analysis of the GBP/USD parity of May 18th, 2010
Title:
Technical analysis of the USD/JPY parity on May 6th, 2010
Commentary of the USD/JPY parity :
94.79 has not been broken finaly and bearish divergences perfectly worked. A stron bearish movement occur, breaking the lower band of the bullish channel. Currently, the parity is testing a break out of 93.82. If validated, a sell signal will be given. However, we will advise to trade again long positions of this level act as support.
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