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Short Positions As FarTitle:
Technical analysis of the XAU/USD (Gold) pair on May 18th, 2012
Commentary of the XAU/USD (Gold) pair:
The gold has continued its rebound and is currently testing a pullback on the resistance at 1577 points and also on the lower band of its bearish channel (purple lines).
Indicators are globaly bearish.
We maintain to trade only short positions as far as 1577 points is resistance.
A return below 1550 points will comfort our bearish feeling.
The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
In case of return above 1577 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 17th, 2012
XAU/USD Analysis
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Technical analysis of the AUD/USD parity on May 18th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD took up yesterday its bearish movement and the breakout of 0.99 gave us new sell signal.
The pair is now moving below its falling wedge (brown lines) and below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1.00 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.97.
In case of return above 1.00, we will wait the breakout of 1.01 to advise long positons.
See the previous analysis of the AUD/USD parity of May 17th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/CHF pair on May 18th, 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 bearish.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2050 is resistance.
The breakout of 1.20 will give a new sell signal.
In case of return below 1.2050, we will wait the breakout of 1.2070 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 17th, 2012
EUR/CHF Analysis
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Technical analysis of the EUR/GBP pair on May 18th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has continued its rebound and is currently testing a pullback on the resistance at 0.8050.
All indicators are bullish.
The bearish gap which ocurred at the opening is still not filled in.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8050 is resistance.
A return below 0.80 will comfort our bearish feeling.
The breakout of 0.7950 will give a new sell signal and open the way towards 0.79.
In case of return above 0.8050, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 17th, 2012
EUR/GBP Analysis
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Technical analysis of the EUR/JPY pair on May 18th, 2012
Commentary of the EUR/JPY pair :
A bearish rally occured on the pair EUR/JPY who broke the supports are 102 and 101, giving both a new sell signal.
The pair is now moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 102 is resistance.
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 17th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 18th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has continued its bearish rally and the breakout of 1.27 gave us a new sell signal.
The pair is still moving along the lower band of its short term bearish channel (black lines).
The opening bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.28 is resistance.
The breakout of 1.26 and 1.25 will both give a new sell signal.
In case of return above 1.28, we will wait the breakout of 1.29 to advise long positions.
See the previous analysis of the EUR/USD pair of May 17th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/JPY pair on May 18th, 2012
Commentary of the GBP/JPY pair :
A bearish rallye occured on the pair GBP/JPY who broke the supports at 127.70/126.70/126, giving all a new sell signal.
Currently, the pair is testing the next support at 125.
The pair is moving below the lower band of its falling wedge (purple lines)/
All indicators are bearish.
We continue to advise short positions as far as 126.70 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 126.70, we will be neutral between this level and 127.67.
The breakout of 127.67 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 17th, 2012
GBP/JPY Analysis
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Technical analysis of the GBP/USD pair on May 18th, 2012
Commentary of the GBP/USD pair :
A bearish rallye occured on the pair GBP/USD who broke the supports at 1.59 and 1.5823, giving both a new sell signal.
All indicators are bearish.
Currently, the pair is testing the next support at 1.5750.
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 17th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 18th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD has continued its bearish movement and the breakouts of 0.7668 and 0.76 both gave us a new sell signal.
The pair is now moving below the lower band of its bearish channel (purple lines).
The opening gap is still not filled in.
All indiactors are bullish.
Currently, the pair is testing the support at 0.7550.
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 17th, 2012
NZD/USD Analysis
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