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Technical analysis of the GBP/USD pair on May 3rd, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has continued its correction and is currently moving just below the support at 1.62.
Indicators are neutral.
The pair is still moving above its long term bullish slant (black line).
We continue to advise long positions as far as 1.6150 is support.
A return above 1.62 will comfort our bullish feeling.
The breakout of 1.63 will give a new buy signal and open the way towards 1.6350.
In case of return below 1.6150, we will wait the breakout of 1.61 to advise short positions.
See the previous analysis of the GBP/USD pair of May 2nd, 2012
GBP/USD Analysis
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Technical analysis of the USD/CHF pair on May 3rd, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has continued its rebound yesterday and broke its bearish slant (purple line).
The pair is currently testing the resistance at 0.9150.
We are neutral between 0.9108 and 0.9150.
We advise to wait an exit of this range to take position:
- Long above 0.9150. The breakout of 0.9209 will give a new buy signal
- Short below 0.9108. The breakout of 0.9050 will give a new sell signal.
See the previous analysis of the USD/CHF pair of May 2nd, 2012
USD/CHF Analysis
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Technical analysis of the EUR/JPY pair on May 2nd, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY found support yesterday on 105.50 and just validated a return above 106.
The pair seems to move below a bearish slant (purple line).
Indicators stay globaly bearish.
We continue to advise short positions as far as 106.50 is resistance.
A return below 106 will comfort our bearish feeling.
The breakout of 105.50 will give a new sell signal and open the way towards 105.
In case of return above 106.50, we will wait the breakout of 107 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 1st, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 2nd, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD has validated yesterday the breakout of its bullish slant and is back below 1.3250.
Indicators stay globaly bullish.
We now advise to trade the pair according to the key level 1.32:
- Only long positions above this level. The breakout of 1.3250 and 1.33 will both give a new buy signal
- Only short positions below this level. The breakout of 1.3150 and 1.31 will both give a new sell signal.
See the previous analysis of the EUR/USD pair of May 1st, 2012
EUR/USD Analysis
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Technical analysis of the GBP/USD pair on May 2nd, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD made a pullback on the support at 1.62 yesterday and is currently moving just above this level.
All indicators stay bullish.
The pair is still moving above its long term bullish slant (black line).
We continue to advise long positions as far as 1.6150 is support.
The breakout of 1.63 will give a new buy signal and open the way towards 1.6350.
In case of return below 1.6150, we will wait the breakout of 1.61 to advise short positions.
See the previous analysis of the GBP/USD pair of May 1st, 2012
GBP/USD Analysis
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Technical analysis of the USD/CHF pair on May 2nd, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has rebounded again on the support at 0.9050 and is moving towards a test of the resistance at 0.9108 and also its bearish slant (purple line).
Indicators are mitigated.
We now advise to trade only short positions as far as 0.9120 is resistance.
The breakout of 0.9050 will give a new sell signal and open the way towards 0.90.
In case of return above 0.9120, we will wait the breakout of 0.9150 to advise long positions.
See the previous analysis of the USD/CHF pair of May 1st, 2012
USD/CHF Analysis
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Technical analysis of the EUR/USD pair on May 1st, 2012
Commentary of the EUR/USD pair :
The pair continues to move on its bullsih slant.
All indicators are bullish.
We continue to advise long positions as far as 1.3150 is support.
The breakout of 1.3250 and 1.33 will both give a new buy signal.
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 April 30th, 2012
EUR/USD Analysis
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Technical analysis of the GBP/USD pair on May 1st, 2012
Commentary of the GBP/USD pair :
The pair GBP/USD has tested yesterday the resistance at 1.63 and then a correction occured.
The pair is moving towards a pullback on 1.62.
All indicators stay bullish.
The pair is still moving above its long term bullish slant (black line).
We continue to advise long positions as far as 1.6150 is support.
The breakout of 1.63 will give a new buy signal and open the way towards 1.6350.
In case of return below 1.6150, we will wait the breakout of 1.61 to advise short positions.
See the previous analysis of the GBP/USD pair of April 30th, 2012
GBP/USD Analysis
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Technical analysis of the USD/CHF pair on May 2nd, 2012
Commentary of the USD/CHF pair :
The pair USD/CHF has rebounded again on the support at 0.9050 and is moving towards a test of the resistance at 0.9108 and also its bearish slant (purple line).
Indicators are mitigated.
We now advise to trade only short positions as far as 0.9120 is resistance.
The breakout of 0.9050 will give a new sell signal and open the way towards 0.90.
In case of return above 0.9120, we will wait the breakout of 0.9150 to advise long positions.
See the previous analysis of the USD/CHF pair of May 1st, 2012
USD/CHF Analysis
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