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SignalTitle:
Technical analysis of the XAU/USD (Gold) pair on May 24th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD has faked yesterday a breakout of 1550 points.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1580 is resistance.
The breakout of 1560 will give a new sell signal and open the way towards 1540 points.
In case of return above 1580 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 23th, 2012
XAU/USD Analysis
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Technical analysis of the AUD/USD parity on May 24th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD found support yesterday on 0.97 and is currently moving towards a pullback on 0.98 as resistance.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.9875 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.9875, we will wait the breakout of 0.9950 to advise long positons.
See the previous analysis of the AUD/USD parity of May 23th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/CHF pair on May 24th, 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 neutral.
The pair seems to move below a bearish slant (purple line).
We continue to advise short positions as far as 1.2030 is resistance.
The breakout of 1.2010 will give a new sell signal and open the way towards 1.20.
In case of return below 1.2030, we will wait the breakout of 1.2050 to advise long positions.
See the previous analysis of the EUR/CHF pair of May 23th, 2012
EUR/CHF Analysis
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Technical analysis of the EUR/JPY pair on May 24th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY has validated yesterday the breakout of 100.50 and is currently testing 100 as support.
The pair is moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 101.50 is resistance.
The breakout of 100 will give a new sell signal and open the way towards 99.50.
In case of return above 101.50, we will wait the breakout of 102 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 23th, 2012
EUR/JPY Analysis
Title:
Technical analysis of the EUR/USD pair on May 24th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakouts of the 1.2650 and 1.26, offering both a new sell signal, and is currently moving just below 1.26.
The pair is still moving below a paralell of its bearish channel (ows of March 14th).
All indicators are bearish.
We continue to advise short positions as far as 1.27 is resistance.
The breakout of 1.2550 will give a new sell signal and open the way towards 1.25.
In case of return above 1.27, we will then wait the breakout of 1.28 to advise long positions.
See the previous analysis of the EUR/USD pair of May 23th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/JPY pair on May 24th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has continued its bearish movement and the breakout of 125 gave us a new sell signal.
All indicators are bearish.
The pair continues to move below the slants of its falling wedge (purple line).
All indicators are bearish.
We continue to advise short positions as far as 126.50 is resistance.
The breakout of 124 will give a new sell signal and open the way towards 123.
In case of return above 126.50, we will be neutral between this level and 127.
The breakout of 127 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 23th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/USD pair on May 24th, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its bearish movement and the breakout of 1.5750 gave us a new sell signal.
All indicaotrs are bearish.
We continue to advise short positions as far as 1.5850 is resistance.
The breakout of 1.5650 will give a new sell signal and open the week towards 1.56.
In case of return above 1.5850, we will be neutral between this level and 1.5950.
The breakout of 1.5950 will give a buy signal.
See the previous analysis of the GBP/USD pair of May 23th, 2012
GBP/USD Analysis
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Technical analysis of the NZD/USD pair on May 24th, 2012
Commentary of the NZD/USD pair :
The pair NZD/USD is currenlty moving below the resistance at 0.7550.
All indicators are bearish.
The pair continues to move below its bearish slant (purple line).
We continue to advise short positions as far as 0.7665 is resistance.
The breakout of 0.75 will give a new sell signal and open the way towards 0.74.
In case of return above 0.7665, we will be neutral between this level and 0.77.
The breakout of 0.77 will give a buy signal.
See the previous analysis of the NZD/USD pair of May 23th, 2012
NZD/USD Analysis
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Technical analysis of the USD/CAD pair on May 24th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has continued yesterday its bullish movement and the breakout of 1.0230 gave us a new buy signal.
All indicators are bullish.
The pair is currently moving above the upper band of its bullish channel (black lines).
We continue to advise long positions as far as 1.0150 is support.
The breakout of 1.03 will give a new buy signal and will open the way towards 1.0350.
In case of return below 1.0150, we will be neutral between this level and 1.01.
The breakout of 1.01 will give a sell signal.
See the previous analysis of the USD/CAD pair of May 23th, 2012
USD/CAD Analysis
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