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SignalTitle:
Technical analysis of the AUD/USD parity on May 16th, 2011
Commentary of the AUD/USD parity:
The pair AUD/USD made a new high on Friday on 1.07 before falling down. The pair just validated the breakout of 1.06, offering a new sell signal. We maintain to trade only short positions as far as 1.07 is resistance. The breakout of 1.05 will give a new sell signal and open the way towards 1.04. However, if 1.07 is broken, we will then advise to trade long positions.
See the previous analysis of the AUD/USD parity of May 13th, 2011
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Technical analysis of the EUR/CHF pair on May 16th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF just validated a breakout of 1.26 (getting out of the range 1.26/1.27), giving us a sell signal. Indicators are now globaly bearish. We maintain to trade only short positions as far as 1.2650 is resistance. The breakout of 1.25 will give a new sell signal. However, if 1.2650 is broken, we will wait the breakout of 1.27 to trade long positions.
See the previous analysis of the EUR/CHF pair of May 13th, 2011
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Technical analysis of the EUR/GBP pair on May 16th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP made a new highest on 0.88 on Friday, before falling below 0.8750. The pair is currently testing the support at 0.87. Indicators are globaly bearish. We maintain to trade only short positions as far as 0.8750 is resistance. The breakout of 0.87 will give a new sell signal and open the way towards 0.8650. However, if 0.8750 is broken, we will wait the breakout of 0.88 to trade long positions.
See the previous analysis of the EUR/GBP pair of May 13th, 2011
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Technical analysis of the EUR/JPY pair on May 16th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY validated on Friday the breakout of 115, offering a new sell signal. The pair is currently testing the next support at 114. All indicators are bearish. We maintain to trade only short positions as far as 115.50 is resistance. The breakout of 114 will give a new sell signal. In case of return above 115.50, we will wait the breakout of 117 to trade long positions.
See the previous analysis of the EUR/JPY pair of May 13th, 2011
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Technical analysis of the EUR/USD pair on May 16th, 2011
Commentary of the EUR/USD pair :
The pair EUR/USD validated the breakout of the support at 1.42 on Friday, offering a new sell signal. The pair is currently testing the next support at 1.41 after a bearish gap at the opening and a lowest on 1.4050. All indicators are bearish. We maintain to trade only short positions as far as 1.42 is resistance. The breakout of 1.40 will give a new sell signal and open the way towards 1.39. However, if 1.42 is broken, we will wait the breakout of 1.43 to trade long positions.
See the previous analysis of the EUR/USD pair of May 13th, 2011
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Technical analysis of the GBP/JPY pair on May 16th, 2011
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues its bearish movement and the breakout of 131.18 (level 50%) gave us a new sell signal. Then, the next support is at 130.28 has been tested. We maintain to trade only short positions as far as 132 is resistance. The breakout of 130.28 will give a new sell signal and open the way towards 129.09 (level 61.80%). However, if 132 is broken, we will be neutral.
See the previous analysis of the GBP/JPY pair of May 13th, 2011
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Technical analysis of the GBP/USD pair on May 16th, 2011
Commentary of the GBP/USD pair :
The pair GBP/USD continues its beairsh movement and the breakout of 1.6250 gave us a new sell signal. The next support is at 1.61. We maintain to trade only short positions as far as 1.63 is resistance. The breakout of 1.61 will give a new sell signal. However, if 1.63 is broken, we will be neutral.
See the previous analysis of the GBP/USD pair of May 13th, 2011
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Dukascopy Morning Forex Overview: 16/03/2011
Previous session overview
Profit-taking orders in Asia Monday helped the euro recoup its earlier losses sustained following a scandal at the International Monetary Fund, but dealers said the debacle will likely keep weighing on the single currency.
The euro was nudging higher Monday, coming off lows on apparent short covering after Friday's losses with mixed signals from tame U.S. inflation data Friday and the arrest over the weekend of Dominique Strauss-Kahn, head of the International Monetary Fund, on charges of attempted rape, criminal sexual assault and unlawful imprisonment, according to police and his lawyer.
As of 0450 GMT, the common unit was at USD1.4090 from USD1.4075 in Sydney and JPY114.04 from JPY113.79. But many dealers said they expect the euro to fall later in the ...
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Technical analysis of the NZD/USD pair on May 16th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD made a false breakout of 0.7947 and then took up its bearish movement. Currently, the pair is testing the support at 0.7842. We are neutral on the pair between this level and 0.79. We advise to wait an exit of this range to take position:
- Long if 0.79 is broken. The breakout of 0.7947 will give a new buy signal
- Short if 0.7842 is broken. The breakout of 0.7750 will give a new sell signal.
See the previous analysis of the NZD/USD pair of May 13th, 2011
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