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Sell Signal Will BeTitle:
Technical analysis of the EUR/USD pair on June 24th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD started yesterday a strong bearish rallue.
The pair validated the breakout of 1.43, offering a sell signal and faked the breakout of 1.42.
All indicators are now bearish.
We maintain to trade the pair according to the key level at 1.43:
- Long above this level. The breakout of 1.44 will give a new buy signal and open the way towards 1.45.
- Short below this level. The breakout of 1.42 will give a new sell signal and open the way towards 1.41.
See the previous analysis of the EUR/USD pair of June 23th, 2011
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Technical analysis of the GBP/JPY pair on June 24th, 2011
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues its bearish movement and the breakout of 129.09 (level 61.80%) gave us a new sell signal.
We maintain to trade only short positions as far as 129.76 is resistance.
The breakout of 128.50 will give a new sell signal and open the way towards 128.
However, if 129.76 is broken, we will be neutral.
See the previous analysis of the GBP/JPY pair of June 23th, 2011
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Technical analysis of the GBP/USD pair on June 24th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD continued its bearish rallye towards the support at 1.5941 (lowest of March 28th and 29th).
This level and also the lower band of the bearish channel led to a small correction.
We maintain to trade only short positions as far as 1.61 is resistance.
The breakout of 1.5941 will give a new sell signal and open the way towards 1.59.
However, if 1.61 is broken, we will be neutral.
See the previous analysis of the GBP/USD pair of June 23th, 2011
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Technical analysis of the NZD/USD pair on June 24th, 2011
Commentary of the NZD/USD pair :
The resistance at 0.8173 and also the upper band of the bearish channel led to a bearish movement.
The short term bullish slant has been broken and the breakout of 0.8120 gave us a sell signal.
We now advise to trade only short positions as far as 0.8173 is resistance.
The breakout of 0.8082 will give a new sell signal and open the way towards 0.8050.
However, if 0.8173 is broken, a buy signal will be given.
See the previous analysis of the NZD/USD pair of June 23th, 2011
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Technical analysis of the USD/CAD pair on June 24th, 2011
Commentary of the USD/CAD pair :
A strong bullish movement occured on the pair USD/CAD which has tested the resistance at 0.9810.
We are neutral on the pair between this level and 0.9780.
We advise to wait an exit of this range to take position:
- Long if 0.9810 is broken. The breakout of 0.9863 will give a new buy signal
- Short if 0.9780 is broken. The breakout of 0.9747 will give a new sell signal.
See the previous analysis of the USD/CAD pair of June 23th, 2011
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Technical analysis of the USD/CHF pair on June 24th, 2011
Commentary of the USD/CHF pair :
The pair USD/CHF continued its bearish movement below its bearish slant and the breakout of 0.84 gave us a new sell signal.
We maintain to trade only short positions as far as 0.8440 is resistance.
The breakout of 0.8350 will give a new sell signal and open the way towards 0.8328.
However, if 0.8440 is broken, a buy signal will be given.
See the previous analysis of the USD/CHF pair of June 23th, 2011
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Technical analysis of the USD/JPY pair on June 24th, 2011
Commentary of the USD/JPY pair :
A correction occured on the pair USD/JPY which broke the resistance at 80.50 to make a pullback on 80.77.
We are neutral on the pair between 80.40 and 80.77.
We advise to wait an exit of this range to take position:
- Long if 80.77 is broken. The breakout of 80.97 (level 23.60%) will give a new buy signal
- Short if 80.40 is broken. The breakout of 79.80 will give a new sell signal.
See the previous analysis of the USD/JPY pair of June 23th, 2011
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Forexpros.com Daily Analysis - 23/06/2011
ForexPros Daily Analysis June 23, 2011
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End: Wed, Jun 29, 2011, 09:00 CST
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Outlook for the EUR/USD & GBP/USD for today
Wall Street finished lower on the background of Bernanke' speech. He suggested that economy's slowdown is impact by factors that might continue to 2012. However, the plunging was ...
Title:
Economic Growth in the Internet Age
Are you keeping up with our theme this week, dear reader?
We’re having a hard time ourselves…
First the news, then we’ll come back to… The Lost Century.
Yesterday, the stock market retreated – 80 points on the Dow. Still no clear direction… So let’s return to our story for the week.
So far, this 21st century has been a delightful flop. A washout. At least, for Americans. At least, from an economic point of view.
Here’s the evidence in a nutshell:
There are no more full time jobs in the US today than there were when the century began.
In terms of per capita wealth, Americans are now worse off than they were when the century began.
The value of US houses, for example, is about back where it was when the century began.
And household earnings, adjusted for inflation, are lower.
And ...
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