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PositionTitle:
Technical analysis of the EUR/GBP pair on May 23th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP found resistance yesterday on 0.81 and just validated without strenght the support at 0.8050, offering a sell signal.
Indicators are mitigated.
The pair is still moving into a bearish channel (purple paralell lines).
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.8025 and 0.80 will both give a new sell siganl and open the way towards 0.7950.
In case of return above 0.8075, we will wait the breakout of 0.81 to advise long positions.
See the previous analysis of the EUR/GBP pair of May 22th, 2012
EUR/GBP Analysis
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USD Moves Up vs. JPY Following Japanese Credit Downgrade
The JPY took losses against the US dollar during European trading yesterday, following a downgrade of Japan's credit rating. The USD/JPY advanced close to 60 pips over the course of the day, eventually peaking at 79.93. Today, dollar traders will want to pay attention to US New Home Sales figure, set to be released at 14:00 GMT. Analysts are forecasting the figure to show improvements in the US real estate sector, which if true, could help the greenback extend yesterday's gains. In addition to the news out of the US, traders will want to pay attention to any announcements out of the euro-zone. An informal meeting of euro-zone leaders is set to conclude today. Any signs of a new strategy to combat the region's debt crisis could lead to market volatility.
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USD - Dollar Sees ...
Title:
Technical analysis of the EUR/JPY pair on May 23th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found resistance yesterday on 102 and then felt below the support at 101.
The pair is moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 102 is resistance.
A return below 101 below will comfort our bearish feeling.
The breakout of 100.50 will give a new sell signal and open the way towards 100.
In case of return above 102, we will wait the breakout of 103 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 22th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on May 23th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD felt yesterday and has validated the breakout of 1.27, offering a new sell signal.
The pair is currently testing the low of May 18th towards 1.2650.
The price is still moving below a paralell of its bearish channel (ows of March 14th).
All indicators are bearish.
We continue to advise short positions as far as 1.2750 is resistance.
The breakout of 1.2650 will give a new sell signal and open the way towards 1.26.
In case of return above 1.2750, we will then wait the breakout of 1.2850 to advise long positions.
See the previous analysis of the EUR/USD pair of May 22th, 2012
EUR/USD Analysis
Title:
Technical analysis of the GBP/JPY pair on May 23th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY made yesterday a pullback on 126 and on the lines of its falling wedge (purple lines).
The pair is going to test the support at 125.
All indicators are bearish.
We continue to advise short positions as far as 127 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 127, we will be neutral between this level and 128.
The breakout of 128 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 22th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/USD pair on May 23th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has failed to break the resistance at 1.5823 and took up its bearish movement.
Currently, the pair is testing the support at 1.5750.
All indicators are bearish.
We continue to advise short positions as far as 1.5850 is resistance.
The breakout of 1.5750 will give a new sell signal and open the week towards 1.57 and 1.5650.
In case of return above 1.5850, we will be neutral between this level and 1.5950.
The breakout of 1.5950 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 22th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 23th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD made yesterday a pullback on the resistance at 0.7665 and then took up its bearish movement.
The breakout of 0.7550 gave us a new sell signal.
All indicators are bullish.
The pair continues to move below its bearish slant (purple line).
We continue to advise short positions as far as 0.7665 is resistance.
The breakout of 0.75 will give a new sell signal and open the way towards 0.7450.
In case of return above 0.7665, we will be neutral between this level and 0.77.
The breakout of 0.77 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 22th, 2012
NZD/USD Analysis
Title:
Technical analysis of the USD/CAD pair on May 23th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made yesterday a pullback on the support at 1.0150 and then took up its bullish movement to test again the resistance at 1.0230.
All indicators are bullish.
The pair is currently testing the upper band of its bullish channel (black lines).
We continue to advise long positions as far as 1.01 is support.
The breakout of 1.0230 will give a new buy signal and will open the way towards 1.03.
In case of return below 1.01, we will be neutral between this level and 1.0050.
The breakout of 1.0050 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 22th, 2012
USD/CAD Analysis
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Technical analysis of the USD/CHF pair on May 23th, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF took up yesterday its bullish movement and the return above 0.94 gave us a new buy signal.
Currently, the pair is testing the resistance at 0.95 for the second time and is also testing its former bullish slant as resistance.
All indicators are bullish.
We continue to advise long positions as far as 0.94 is support.
The breakout of 0.95 will give a new buy signal and open the way towards 0.9550.
In case of return below 0.94, we will again be neutral between this level and 0.9350.
See the previous analysis of the USD/CHF pair of May 22th, 2012
USD/CHF Analysis
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