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Resistance And The Parity FinalyTitle:
Technical analysis of the AUD/USD parity on March 28th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD has tested yesterday the resistance at 1.0550 but finaly broke the support at 1.05, giving us a sell signal.
All indicators are neutral.
The pair seems to move into a bearish channel (purple lines).
We continue to advise short positions as far as 1.0550 is resistance.
The breakout of 1.04 will give a new sell signal and open the way towards 1.03.
In case of return above 1.0550, a buy signal will be given.
See the previous analysis of the AUD/USD parity of March 27th, 2012
AUD/USD Analysis
Title:
Technical analysis of the AUD/USD parity on January 4th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD fake a breakout of the resistance at 1.02 and finaly felt down to currently test a breakout of 1.01. All indicators are now bearish. We stay neutral on the pair between 1.00 and 1.01. We will wait an exit of this range to take position:
- Long if the price gets back above 1.01. The breakout of 1.02 will give a new buy signal
- Short if 1.00 is broken. The breakout of 0.99 will give a new sell signal.
See the previous analysis of the AUD/USD parity of January 3rd, 2011
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Technical analysis of the USD/CAD parity on October 11th, 2010
Commentary of the USD/CAD parity :
The parity touched the resistance at 1.0225 and the bearish movement finaly took up and the return below 1.0150 allowed us to trade again short positions. Currently, the parity is testing the support at 1.01. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 1.0150 is resistance. The next support is at 1.0050.
See the previous analysis of the USD/CAD parity of October 8th, 2010
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Technical analysis of the USD/CHF parity on October 8th, 2010
Commentary of the USD/CHF parity :
0.96 finaly allowed a rebound of the parity. The correction seems to have ended on the median line of the bearish channel. We maintain to trade only short positions as far as 0.97 is resistance. A return below 0.9650 will comfort our bearish feeling and the breakout of 0.96 will give a new sel signal. However, if 0.97 is broken, we will stay neutral.
See the previous analysis of the USD/CHF parity of October 7th, 2010
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Technical analysis of the GBP/JPY parity on October 6th, 2010
Commentary of the GBP/JPY parity :
We maintain our last commentary : 'The parity finaly broke the resistance at 132.03 and is currently testing the upper band of its bearish channel. We are neutral at this time between 132.03 and 132.53. We will wait an exit of this range to take position:
- Long if 132.53 is broken as far as 132.03 is support
- Short if 132.03 is broken as far as 132.53 is resistance'
See the previous analysis of the GBP/JPY parity of October 5th, 2010
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Technical analysis of the USD/JPY parity on October 6th, 2010
Commentary of the USD/JPY parity :
The parity finaly didn't break the resistance at 83.60 even if a high has been made on 83.99. The price got back below 83.60 and so short positions could have been trade again. The last support at 83 (lowest of the parity) is currently tested. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 83.40 is resistance. If this level is broken, we will stay neutral.
See the previous analysis of the USD/JPY parity of October 5th, 2010
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Technical analysis of the GBP/JPY parity on October 5th, 2010
Commentary of the GBP/JPY parity :
The parity finaly broke the resistance at 132.03 and is currently testing the upper band of its bearish channel. We are neutral at this time between 132.03 and 132.53. We will wait an exit of this range to take position:
- Long if 132.53 is broken as far as 132.03 is support
- Short if 132.03 is broken as far as 132.53 is resistance
See the previous analysis of the GBP/JPY parity of October 4th, 2010
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Technical analysis of the GBP/USD parity on september 29th, 2010
Commentary of the GBP/USD parity :
After a pullback on the major support at 1.5714 (level advised to enter long), the parity finaly took up its bullish movement and 1.58 seems now to give support. Currently, the parity is testing the last highest and the breakout of the resistance at 1.5854 will give a new buy signal. We maintain to trade only long positions as far as 1.58 is support. In case of breakout, we will stay neutral (a correction will be then possible).
See the previous analysis of the GBP/USD parity of September 28th, 2010
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Technical analysis of the USD/CAD parity on september 29th, 2010
Commentary of the USD/CAD parity :
The parity didn't succeed to break the resistance at 1.0350 and finaly got out of its range (1.03-1.0350) from the bottom, giving us a sell signal. We maintain to trade only short positions as far as 1.0350 is resistance. The breakout of 1.0225 will give a new sell signal. However, if 1.0350 is broken, we could trade again long positions.
See the previous analysis of the USD/CAD parity of September 28th, 2010
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