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Parity The Parity BrokeTitle:
Technical analysis of the USD/CHF parity on June 1st, 2010
Commentary of the USD/CHF parity :
The level 23.60% of fibonacci retracement at 1.1514 allowed the parity to took up its bullish movement. The parity seems to move now into a bullish channel. We maintain to trade only long positions as far as the level 23.60% at 1.1514 is support. The break out of 1.17 will give a new buy signal. If 1.1514 is broken, a sell signal will be given.
See the previous analysis of the USD/CHF parity of May 31th, 2010
Title:
Technical analysis of the USD/JPY parity on June 1st, 2010
Commentary of the USD/JPY parity :
The bearish divergence well functioned and a return on 900.68 occured. We stay neutral on the parity as far as the price is moving between 90.68 (level 61.80% of fibonacci retracement) and 91.46 (level 50%). We will wait a break out of one of these two bands to enter into the side of the break out:
- Long if 91.46 is broken
- Short if 90.68 is broken
See the previous analysis of the USD/JPY parity of May 31th, 2010
Title:
Technical analysis of the XAU/USD (Gold) parity on May 31th, 2010
Commentary of the XAU/USD parity:
We maintain the last commentary : 'The parity is still above its support at 1210. Indicators are globaly bullish. We maintain to trade only long positions as far as the price is above 1210. A break out (validated) of this level will offer a sell signal and the price could then reach the next support at 1190. If 1210 is broken, we will stay neutral on the parity. However, a break out of 1227 will offer a new buy signal (fibonacci retracement 0%).'
See the previous analysis of the XAU/USD parity of May 28th, 2010
Title:
Technical analysis of the AUD/USD parity on May 31th, 2010
Commentary of the AUD/USD parity:
The parity is now moving on 0.85. We maintain our last commentary : 'The parity broke the resistance at 0.84 and so a buy signal has been given. All indicators are now bullish. As far as the price is above 0.84, we advise to trade only long positions. A break out of 0.86 will offer a new buy signal. As far as this level is resistance, a pullback on 0.84 is possible.'
See the previous analysis of the AUD/USD parity of May 28th, 2010
Title:
Technical analysis of the EUR/JPY parity on May 31th, 2010
Commentary of the EUR/JPY parity :
The parity seems to move into a short term bullish channel (dotted black lines). Indicators are globaly bullish but the movement seems to have difficulties to continue. We maintain to trade only long positions as far as the price is above 112 (lower band of the channel in extension). A break out of 113 will offer a new buy signal. However, if 112 is broken, we will stay neutral. A return on the support at 110 will be then possible.
See the previous analysis of the EUR/JPY parity of May 28th, 2010
Title:
Technical analysis of the EUR/USD parity on May 31th, 2010
Commentary of the EUR/USD parity :
The parity faked a break out of the resistance at 1.24. The price is currently moving on the support at 1.23. Hard to forecast the next moves on the parity. Indicators are mixed. We advise to wait an exit of the range 1.23/1.24 to take position. If 1.24 is broken, a buy signal will be given and we will then advise to trade only long positions. Next resistances are at 1.25 and at 1.26. However, a break out of 1.23 will offer a sell signal. We will then advise to trade only short positions. The next support is at 1.22.
See the previous analysis of the EUR/USD parity of May 28th, 2010
Title:
Technical analysis of the GBP/USD parity on May 31th, 2010
Commentary of the GBP/USD parity :
The bearish divergence on the RSI showed us that a new break out of 1.4503 what more likely to happen. This level has been broken and so a sell signal is given. We advise again to trade only short positions as far as 1.46 (last highest) is resistance. The break out of 1.44 will give a new sell signal.
See the previous analysis of the GBP/USD parity of May 28th, 2010
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Technical analysis of the NZD/USD parity on May 31th, 2010
Commentary of the NZD/USD parity :
The bearish divergence on the RSI well functioned but a new correction pushed back the price on the resistance at 0.6840. As far as this level is resistance, we maintain to trade only short positions. The break out of the last lowest at 0.6755 will give a new sell signal. However, if 0.6840 is broken, a buy signal will be given. We could then target 0.6940 in the first place.
See the previous analysis of the NZD/USD parity of May 28th, 2010
Title:
Technical analysis of the USD/CAD parity on May 31th, 2010
Commentary of the USD/CAD parity :
The parity got out of its range from the bottom and 1.0482 (level 50% of fibonacci retracement) has been broke. So, we advise to trade only short positions as far as 1.0569 (level 38.20%) is resistance. The break out of 1.0394 (level 61.80%) will give a new sell signal. However, if 1.0569 is broken, we will advise to trade only long positions.
See the previous analysis of the USD/CAD parity of May 28th, 2010
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