ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Technical Analysis Of The Eur/gbpTitle:
Technical analysis of the EUR/GBP pair on May 7th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has opened the week on a bearish gap, allowing the breakout of the support at 0.81 (new sell signal).
The pair is currently testing the next support at 0.8050.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8125 is resistance.
The breakout of 0.8050 will give a new sell signal and open the way towards 0.80.
In case of return above 0.8125, we will be neutral between this level and 0.8150.
The breakout of 0.8150 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 4th, 2012
EUR/GBP Analysis
Title:
Major Currency Cross Rates Little Changed Ahead Of The Payrolls
Sunrise Market Commentary
- Fixed Income ECB can't move global bonds
- Global core bonds ended the session unchanged, as initial disappointment that the ECB wasn't more dovish dissipated fast. Today's payrolls are key and might decide whether the 6-week rally is over or has one more leg.
Currencies: Major currency cross rates little changed ahead of the payrolls
- EUR/USD gained temporarily during the ECB press conference as Draghi was less dovish than some in the market had expected. However, the move was technically insignificant as sentiment on risk remained fragile. Today, the payrolls are the key factor for (currency) trading. Investors might stay cautions on the euro to avoid this weekend's political event risk.
The Sunrise Headlines
- US Equities dropped for a ...
Title:
Technical analysis of the EUR/GBP pair on May 4th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP made yesterday a low just above the support at 0.81 and is currently moving above the support at 0.8120.
The pair is still moving into a bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 3rd, 2012
EUR/GBP Analysis
Title:
Dukascopy Afternoon Forex Overview : 03/05/2012
Fundamental Analysis
EUR
German DAX index climbed on Thursday lifted as ECB decided to keep its benchmark rate unchanged and Spain successfully auctioned bonds. Index was supported with positive news from US as data showed jobless claims fell more than expected last week. BMW AG rallied 2.72% after German car maker reported its EBIT jumped 19% in 1st quarter.
USD
Timothy Geithner, US Treasury Secretary, said that China has to alter its polices tied to exports and focus on stimulating domestic consumption. Such change is vital for sustaining China's economic expansion. Currently, China is exploring the ways for new economic reforms as the country recognized the risks of overreliance on exports, Timothy Geithner added.
GBP
Average house prices in the UK declined by 0.2% last month, ...
Title:
Technical analysis of the EUR/GBP pair on May 3rd, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has validated yesterday the breakout of the support at 0.8150, offering a new sell signal.
The pair is still moving into a bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 2nd, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on May 2nd, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP made a quick pullback on the resistance at 0.82 yesterday to then felt below 0.8150.
The pair is still moving into a bearish channel (purple lines).
All indicators are still bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of May 1st, 2012
EUR/GBP Analysis
Title:
Technical analysis of the EUR/GBP pair on May 1st, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP has faked yesterday the breakout of 0.8150.
The pair is still moving into a bearish channel (purple lines).
All indicators are still bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 30th, 2012
EUR/GBP Analysis
Title:
EUR/USD Ignored The S&P Downgrade Of Spain
Sunrise Market Commentary : 30/04/2012
- Fixed Income: new highs for Bund Future (141.38) and US Note Future (132-17)
- Core bonds set new contract highs on Friday after the Spanish rating downgrade. However, sentiment changed in the European session and led to return action. Today, trading will be thin ahead of tomorrow's Labour Day Holiday in most of Europe. Main items this week will be the ECB meeting (Thursday) and the US payrolls (Friday).
- Currencies: EUR/USD ignored the S&P downgrade of Spain.
- On Friday morning, the focus on the European markets was on the S&P downgrade of Spain. However, the reaction developed in a very orderly way. EUR/USD reversed the early losses and the dollar lost further ground after the weaker than expected US GDP. USD/JPY is testing the key ...
Title:
Technical analysis of the EUR/GBP pair on April 30th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP just validated the breakout of the support at 0.8150, giving us a new sell signal.
The pair is still moving into a bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.8180 is resistance.
The breakout of 0.81 will give a new sell signal and open the way towards 0.8050.
In case of return above 0.8180, we will be neutral between this level and 0.8220.
The breakout of 0.8220 will give a buy signal.
See the previous analysis of the EUR/GBP pair of April 26th, 2012
EUR/GBP Analysis
|