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Technical analysis of the NZD/USD pair on August 2nd, 2011
Commentary of the NZD/USD pair :
A small correction occured on the pair NZD/USD which is taking support on its bullish slant.
We maintain to trade only long positions as far as 0.87 is support.
The breakout of 0.8850 will give a new buy signal and open the way towards 0.89.
However, if 0.87 is broken, we will be neutral between this level and 0.8643.
See the previous analysis of the NZD/USD pair of August 1st, 2011
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Technical analysis of the USD/CHF pair on August 2nd, 2011
Commentary of the USD/CHF pair :
The pair USD/CHF continues its bearish rallye and is making every day new historics lows.
The breakout of 0.79 gave us a new sell signal.
We maintain to trade only short positions as far as the bearish slant (purple line) is resistance.
The breakout of 0.78 (currently tested) will give a new sell signal and open the way towards 0.77.
However, if the slant is broken, we will be neutral between this slant and 0.80.
See the previous analysis of the USD/CHF pair of August 1st, 2011
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Technical analysis of the USD/JPY pair on August 2nd, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY is currently very volatile.
The pair took up its bearish movement below its bearish slant and made a new historic low at 76.30.
77.50, our key level is now resistance.
We maintain to trade the pair according to this level:
- Long if 77.50 is support. The breakout of 78.13 will give a new buy signal
- Short if 77.50 become resistance. The breakout of 77 will give a new sell signal.
See the previous analysis of the USD/JPY pair of August 1st,, 2011
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Technical analysis of the EUR/CHF pair on August 1st, 2011
Commentary of the EUR/CHF pair:
After a new historic low made on 1.13 on friday, the pair EUR/CHF is opening the week on a bullish gap, allowing to validate the return above 1.14.
The pair is still moving below its bearish slant.
All indiators are bearish.
We maintain to trade only short positions as far as 1.15 is resistance.
The breakout of 1.13 will both a new sell signal and open the way towards new historical lows.
In case of return above 1.15, we will wait the break out of 1.16 to advise long positions.
See the previous analysis of the EUR/CHF pair of July 29th, 2011
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Technical analysis of the EUR/JPY pair on August 1st, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY faked a breakout of 110 on friday.
The pair rebounded on this level and is currently testing 112 as resistance (this level match with the bearish slant.
Indicators are mitigated.
We stay neutral on the pair between 111 and 112.
We advise to wait an exit of this range to take position:
- Long if 112 is broken. The breakout of 113 will give a new buy signal
- Short if 111 is broken. The breakout of 110 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of July 29th, 2011
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Technical analysis of the EUR/CHF pair on July 29th, 2011
Commentary of the EUR/CHF pair:
The pair EUR/CHF validated yesterday the break out of 1.15, offering a new sell signal.
The pair is now moving towards 1.14 and is still below its bearish slant.
All indicators are bearish.
We maintain to trade only short positions as far as 1.16 is resistance.
The breakout of 1.14 will both a new sell signal and open the way towards new historical lows.
In case of return above 1.16, we will wait the break out of 1.17 to advise long positions.
See the previous analysis of the EUR/CHF pair of July 28th, 2011
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Technical analysis of the EUR/JPY pair on July 29th, 2011
Commentary of the EUR/JPY pair :
The pair EUR/JPY is currently testing a break out of 111.
The pair is moving below its bearish slant.
All indicators are bearish.
We stay neutral on the pair between 111 and 112.
We advise to wait an exit of this range to take position:
- Long if 112 is broken. The breakout of 113 will give a new buy signal
- Short if 111 is broken. The breakout of 110 will give a new sell signal.
See the previous analysis of the EUR/JPY pair of July 28th, 2011
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Technical analysis of the NZD/USD pair on July 29th, 2011
Commentary of the NZD/USD pair :
The pair NZD/USD made a pullback on 86.50, breaking its bullish slant.
We maintain to trade only long positions as far as 0.8650 is support.
The breakout of 0.8750 will give a new buy signal and open the way towards 0.88.
However, if 0.8650 is broken, we will be neutral between this level and 0.86.
See the previous analysis of the NZD/USD pair of July 28th, 2011
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Technical analysis of the USD/JPY pair on July 29th, 2011
Commentary of the USD/JPY pair :
The pair USD/JPY continues its bearish movement below its bearish slant and is currently testing the support at 77.50.
We maintain to trade only short positions as far as 78.13 is resistance.
The breakout of 77.50 will give a new sell signal and open the way towards 77.22(daily support)
However, if 78.13 is broken, we will be neutral between this level and 78.50.
See the previous analysis of the USD/JPY pair of July 28th,, 2011
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