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Previous Analysis Of The Eur/jpyTitle:
Technical analysis of the EUR/JPY pair on December 2nd, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has continued its rebound and just found resistance on 105.
The pair is still above its bearish slant (purple line).
All indicators are now bullish.
We stay neutral on the pair between 104 and 105.
We advise to wait an exit of this range to take position:
- Long if 105 is broken. The breakout of 106 will give a new buy signal
- Short if 104 is broken. THe breakout of 103 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of December 1st, 2011
EUR/JPY Analysis
Title:
Dukascopy Afternoon Forex Overview : 01/12/2011
Fundamental Analysis
EUR
French and Spanish bonds extended gains on Thursday's auction as six central banks cut dollar borrowing costs creating additional funds while China eased its monetary restraints. Spanish 5-year note yield declined to 28 b.p. to 5.58% and French 10 year bond yields dropped 21 b.p. to 3.18%. Spain managed to sell all planned amount worth $5.1 bn.
USD
The number of Americans who filed claims for unemployment allowances increased more than predicted during previous week. According to Labour Department figures, jobless applications jumped by 6000 reaching 402,000 last week which included Thanksgiving day. In contrast the economists surveyed by Bloomberg predicted decline to 390,000. Russel Price, Ameriprise Financial Inc's economist said, companies still are hiring ...
Title:
Dukascopy Morning Forex Overview : 01/12/2011
Fundamental Analysis
EUR
"The purpose of these actions is to ease strains in financial markets"
- The Federal Reserve System
The Federal Reserve Wednesday decreased dollar borrowing costs for European central banks by cutting rate on existing U.S. dollar liquidity swap arrangements by 50 basis points, or 0.5 percent. This action will provide cheaper dollar liquidity for financial companies.
USD
"Things are getting better for the economy"
- Robert Brusca, chief economist at Fact & Opinion Economics
The number of Americans, who have found a job in a private sector in November rose to 206 thousand from 130 thousand the previous month, the ADP Employer Services said on Wednesday. Economists expected the figure to increase to 131 thousand.
GBP
"What matters is the long-term trend , and ...
Title:
Technical analysis of the EUR/JPY pair on December 1st, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday a return above 104 after a pullback on this level as support.
The pair is currently finding resistance on 104.50 and is still moving above its bearish slant (purple line).
All indicators are now bullish.
However, we maintain to trade only short positions as far as 104.50 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
A return below 104 will comfort our bearish feeling.
In case of return above 104.50, we advise to wait the breakout of 105 to trade long positions.
See the previous analysis of the EUR/JPY pair of November 30th, 2011
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on November 30th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday a return below 104, offering a sell signal.
The pair then made a pullback on this level and is still moving above its bearish slant.
Indicators are mitigated.
We maintain to trade only short positions as far as 104.50 is resistance.
The breakout of 103 will give a new sell signal and open the way towards 102.
In case of return above 104.50, we advise to wait the breakout of 1.05 to trade long positions.
See the previous analysis of the EUR/JPY pair of November 29th, 2011
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on November 29th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has just validated a return above 104.
The pair is now moving above its bearish slant (purple line).
Indicators are getting globaly bullish.
We are neutral on the pair between 104 and 105.
We advise to wait an exit of this range to take position:
- Long if 105 is broken. The breakout of 106 will give a new buy signal
- Short if 104 is broken. The breakout of 103 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of November 28th, 2011
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on November 28th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY has faked on friday the breakout of 103.
The pair just validate the breakout of its bearish slant (purple line) and continues its rebound towards 104.
Indicators are now mitigated.
We maintain to trade only short positions as far as 104 is resistance.
The breakout of 103 and 102 will both give a new sell signal.
In case of return above 104, we advise to wait the breakout of 105 to trade only short positions.
See the previous analysis of the EUR/JPY pair of November 25th, 2011
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on November 25th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY continues to move below its bearish slant (purple line) and to test the minor support at 103.
All indicators are bearish.
We maintain to trade only short positions as far as 104 is resistance.
The breakout of 103 and 102 will both give a new sell signal.
In case of return above 104, we advise to wait the breakout of 105 to trade only short positions.
See the previous analysis of the EUR/JPY pair of November 24th, 2011
EUR/JPY Analysis
Title:
Technical analysis of the EUR/JPY pair on November 24th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY is moving below a bearish slant (purple line).
The pair is currently testing a rebound after having found support at 103 (minor support).
All indicators are bearish.
We maintain to trade only short positions as far as 104.50 is resistance.
The breakout of 103.50 and 103 will both give a new sell signal.
In case of return above 104.50, we advise to wait the breakout of 105 to trade only short positions.
See the previous analysis of the EUR/JPY pair of November 23th, 2011
EUR/JPY Analysis
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