ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Parity The Parity Is CurrentlyTitle:
Technical analysis of the USD/JPY parity on June 21th, 2010
Commentary of the USD/JPY parity :
Our support at 90.29 acted well, allowing a rebound of the parity. Currently, the price is making a correction and should test a pullback on 91. As far as this level is resistance, we maintain to trade only short positions. The break out of 90.29 will give a new sell signal. If 91 is broken, we will wait a return below this level to trade again short positions.
See the previous analysis of the USD/JPY parity of June 18th, 2010
Title:
GCI Financial Daily Forex Market Commentary: 06/18/2010
€
The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2355 level and was capped around the $1.2415 level. The common currency notched a weekly gain for the second consecutive week after declining from the US$ 1.51 handle late last year. Traders cautiously added some long euro exposure as they speculated the worst of the European sovereign debt crisis may have passed while others believe more pain is ahead for the eurozone. European banks will likely face stress tests and those results could be made public and identify banks that could potentially face larger-than-expected problems. Some technicians are still suggesting the common currency may fall below parity. The Federal Reserve released data that confirm foreign central banks ...
Title:
Technical analysis of the XAU/USD (Gold) parity on June 18th, 2010
Commentary of the XAU/USD parity:
The parity well pursuit its bullish movement after staying above 1227. The price reached again the resistance at 1250 but without breaking it. All indicators are bullish but the price is currently making a correction. We maintain to trade only long positions as far as the price is above 1235. A break out of 1250 will offer a new buy signal.
See the previous analysis of the XAU/USD parity of June 17th, 2010
Title:
Technical analysis of the EUR/CHF parity on June 18th, 2010
Commentary of the EUR/CHF parity:
The parity is currently testing its last support at 1.3750. All indicators are still bearish. We maintain to trade only short positions as far as 1.38 is resistance. A break out of 1.3750 will offer a new sell signal. If 1.38 is broken, a buy signal will be given, indicating the start of a correction. We will then advise to trade only long positions as far as the price will be above 1.3750.
See the previous analysis of the EUR/CHF parity of June 17th, 2010
Title:
Technical analysis of the EUR/GBP parity on June 18th, 2010
Commentary of the EUR/GBP parity:
The parity reached the resistance at 0.84 but made a pullack on 0.8350 thereafter. Currently, the price is getting below this level. Indicators stay globaly bullish. The parity is moving into a bullish channel (black lines). We maintain to trade only long positions as far as the price is above 0.83. A return above 0.8350 will comfort our bullish feeling.
See the previous analysis of the EUR/GBP parity of June 17th, 2010
Title:
Technical analysis of the EUR/USD parity on June 18th, 2010
Commentary of the EUR/USD parity :
The parity continues its bullish movement into its short term bullish channel (dotted black lines). The break out of 1.23 offered a new buy signal. Currently, the parity is finding resistance on 1.24. Indicators are globaly bullish. We maintain to trade only long positions as far as the price is above 1.23. The break out of 1.24 will offer a new buy signal and should allow the price to reach 1.25. As far as 1.24 is resistance, a pullback on 1.23 is possible.
See the previous analysis of the EUR/USD parity of June 17th, 2010
Title:
Technical analysis of the XAU/USD (Gold) parity on June 17th, 2010
Commentary of the XAU/USD parity:
The parity seems to have difficulties to continue its bullish movement. The price is currently moving on the support line of its medium term bullish channel. Indicators are mixed. The level 1227 again acted as support. We maintain to trade only long positions as far as the price is above 1227.
See the previous analysis of the XAU/USD parity of June 16th, 2010
Title:
Technical analysis of the EUR/GBP parity on June 17th, 2010
Commentary of the EUR/GBP parity:
The parity found support on 0.83 for a rebound. The price is currently testing a break out of the resistance at 0.8350 and if validated, a new buy signal will be given. We maintain to trade only long positions as far as the price is above 0.8280.
See the previous analysis of the EUR/GBP parity of June 16th, 2010
Title:
Technical analysis of the USD/CAD parity on June 17th, 2010
Commentary of the USD/CAD parity :
The break out of 1.0260 gave us a new sell signal. The parity is currently testing the upper band of its bearish channel. We maintain to trade only short positions as far as 1.0394 (level 61.80%) is resistance. The next support is at 1.0224. The break out of this level will give a new sell signal.
See the previous analysis of the USD/CAD parity of June 16th, 2010
|