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Short Positions As FarTitle:
Dukascopy Morning Forex Overview : 08/02/2012
Fundamental Analysis
EUR
"The salvation of the country, remaining in the euro, means great sacrifices"
- Evangelos Venizelos, Greek finance minister
Greece’s government is preparing a final version of an agreement on budget and structural measures required for a 130 billion euro bailout, said a Greek government official.
USD
"Markets would love to see some certainty, and we don't have any of that at the moment"
- Frank Lesh, a futures analyst and broker at FuturePath Trading LLC
U.S. stocks ...
Title:
Technical analysis of the XAU/USD (Gold) pair on February 8th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD took up its bullish movement yesterday and is currently testing the resistance at 1.750 points.
The pair XAU/USD continues to move on the upper band of its long term bullish channel (long term analysis).
All indicators are bullish.
We continue to advise long positions as far as 1720 points is support.
The breakout of 1750 and 1800 points will both give a new buy signal.
In case of return below 1720 points, we will wait the breakout of ...
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Technical analysis of the AUD/USD parity on February 8th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD just validated the breakout of the resistance at 1.08, offering a new buy signal.
The pair is still moving above its falling wedge and above a bullish slant (blue line).
All indicators are bullish.
We continue to advise long positions as far as 1.07 is support.
The breakout of 1.09 and 1.10 will both give a new buy signal.
In case of return below 1.07, we will wait a breakout of 1.06 to advise short positions.
See the previous analysis ...
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Technical analysis of the EUR/JPY pair on February 8th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday a return above 101, offering a buy signal and is currently testing the next resistance at 102.
The pair is still moving above its long term bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 101 is support.
The breakout of 102 will give a new buy signal and open the way towards 103.
In case of return below 101, we will wait the breakout of 100 to advise short ...
Title:
Technical analysis of the EUR/USD pair on February 8th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of the resistance at 1.32, offering a new buy signal.
All indicators are bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout of 1.33 will give a new buy signal and open the way towards 1.34.
In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
See the previous analysis of the EUR/USD pair of February 7th, 2012
EUR/USD Analysis
Title:
Technical analysis of the GBP/JPY pair on February 8th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has continued its bullish movement and the breakout of 121.85 gave us a new buy signal.
Currently, the pair is testing the next resistance at 122.50.
The pair is still moving above its bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 121.50 is support.
The breakout of 122.50 will give a new buy signal and open the way towards 123 and 124.
In case of return below 121.50, we will wait the ...
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Technical analysis of the USD/CAD pair on February 8th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD is currently testing the support at 0.9950 and is also testing the upper band of its bearish channel (purple lines).
All indicators are bearish.
The pair is still moving below its medium term bearish slant (black line).
We continue to advise short positions as far as 1.0039 is resistance.
The breakout of 0.9950 and 0.99 will both give a new sell signal.
In case of return above 1.0039, we will be neutral between this level and 1.0079.
The ...
Title:
Technical analysis of the USD/CHF pair on February 8th, 2012
Commentary of the USD/CHF pair :
After a pullback on 0.9250, the bearish movement took up and the pair USD/CHF is currently tessting the support at 0.9124.
All indicators are bearish.
We continue to advise short positions as far as 0.9250 is resistance.
The breakout of 0.9124 and 0.9050 will both give a new sell signal.
In case of return above 0.9250, a buy signal will be given.
The breakout of 0.9316 will givea new buy signal.
See the previous analysis of the USD/CHF pair of February 7th, ...
Title:
Euro, stocks gain on Greece bailout hopes
(Reuters) - The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro rallied after Greece appeared to be close to terms on a 130-billion-euro bailout. A government official said Athens was drafting a list of painful reforms to clinch a new financial package, moving it a step closer to a deal that is needed to avoid a chaotic ...
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