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PositionsTitle:
Technical analysis of the EUR/CHF pair on May 22th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF continues to move below the minor resistance at 1.2030 without volatility.
All indicators are neutral.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2030 is resistance.
The breakout of 1.2010 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2030, we will wait the breakout of 1.2050 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 21th, 2012
EUR/CHF Analysis
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EUR Resumes Bearish Trend
After steadily gaining on the dollar and yen yesterday in overnight trading, the euro once again turned bearish during the European session. Renewed concerns regarding the political situation in Greece triggered the bearish correction. Still, the common currency was able to avoid dropping to the four-month low hit last week. Turning to today, traders will want to pay attention to a batch of British and US economic indicators. Both the British CPI and Public Sector Net Borrowing figures are forecasted to come in well below last month's figures. If true, the GBP could take losses during mid-day trading. Later in the day, analysts are predicting that the US Existing Home Sales figure will show improvements in the American Real Estate sector. If true, the dollar could move up as a result.
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Technical analysis of the EUR/JPY pair on May 22th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY made yesterday a pullback on 101 as support.
The pair is currently testing the lower band of its bearish channel (purple lines).
Indicators stay globaly 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 will give a new sell signal and open the way towards 99.
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 21th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 22th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has faked yesterday a return above 1.28.
The pair is still moving below a paralell of its bearish channel (pink line).
Indicators stay globaly bearish.
We continue to advise short positions as far as 1.28 is resistance.
A return below 1.2750 will comfort our sell signal.
The breakout of 1.27 will give a new sell signal and open the way towards 1.2650 and 1.26.
In case of return above 1.28, we will then wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 21th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/JPY pair on May 22th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has rebounded on the support at 125.
The pair is still moving below the lower band of its falling wedge (purple lines).
Indicators stay globaly 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 21th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/USD pair on May 22th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD continues to test the resistance at 1.5823.
All indicators stay bearish.
We continue to advise short positions as far as 1.59 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 1.59, we will be neutral between this level and 1.60.
The breakout of 1.60 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 21th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 22th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has rebounded yesterday on the support at 0.7550 and is currrently testing a pullback on the resistance at 0.7665.
The pair seems to have broken its bearish slant (purple line) and got back into its bearish channel (dotted lines).
Indicators are globaly bullish.
We continue to advise short positions as far as 0.77 is resistance.
The breakout of 0.7550 will give a new sell signal and open the way towards 0.75 and 0.7450
In case of return above 0.77, we will be neutral between this level and 0.78.
The breakout of 0.78 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 21th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on May 22th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD failed to break the resistance at 1.0230 and is currently moving towards a pullback on 1.0150.
Indicators are globaly bullish.
The pair got back into 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 21th, 2012
USD/CAD Analysis
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Technical analysis of the USD/JPY pair on May 22th, 2012
Commentary of the USD/JPY pair :
The pair USD/JPY got back above the resistance at 76.26 and seems to move towards a pullback on 79.65.
The pair is currently moving above the upper band of its bearish channel (black lines) and above its bearish slant (purple line who act as support).
Indicators stay globaly bearish.
We continue to advise short positions as far as 79.86 is resistance.
The breakout of 79 will give a new sell signal and open the way towards 78.50 and 78.
In case of return above 79.86, we will be neutral between this level and 80.09.
See the previous analysis of the USD/JPY pair of May 21th, 2012
USD/JPY Analysis
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