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Technical Analysis Of The Eur/gbpTitle:
Technical analysis of the EUR/GBP pair on May 26th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP just found support on 0.8650 and is currently testing a pullback on 0.87.
All indicators are bearish.
We maintain to trade only short positions as far as 0.8750 is resistance.
The breakout of 0.8650 will give a new sell signal and open the way towards 0.86.
In case of return above 0.8750, we will then advise to trade long positions.
See the previous analysis of the EUR/GBP pair of May 25th, 2011
Title:
Technical analysis of the EUR/GBP pair on May 25th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP made yesterday a pullback on 0.8750 as resistance. The pair is now falling and is testing the support at 0.87. All indicators are 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. In case of return above 0.8750, we will then advise to trade long positions.
See the previous analysis of the EUR/GBP pair of May 24th, 2011
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Technical analysis of the EUR/GBP pair on May 24th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP faked yesterday the breakout of 0.87. The pair is currently rebounding towards 0.8750. All indicators are 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. In case of return above 0.8750, we will then advise to trade long positions.
See the previous analysis of the EUR/GBP pair of May 23th, 2011
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Technical analysis of the EUR/GBP pair on May 23th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP found resistance on 0.8850 on Friday and the felt strongly. The pair validated a breakout of 0.8750, offering a sell signal. The pair is now going to test the support at 0.87. All indicators are now 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. In case of return above 0.8750, we will then advise to trade long positions.
See the previous analysis of the EUR/GBP pair of May 20th, 2011
Title:
Technical analysis of the EUR/GBP pair on May 20th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP found resistance yesterday on 0.8850 and then made a pullback on 0.88 as support. The pair is currently trying to rebound on 0.8850. All indicators are bullish. We maintain to trade only long positions as far as 0.8775 is support. The breakout of 0.8850 will give a new buy signal and open the way towards 0.89. However, if 0.8775 is broken, we will then advise to wait the breakout of 0.8750 to trade short positions.
See the previous analysis of the EUR/GBP pair of May 19th, 2011
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Technical analysis of the EUR/GBP pair on May 19th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP just validated the breakout of 0.88, offering a buy signal. All indicators are bullish. We maintain to trade only long positions as far as 0.8750 is support. The breakout of 0.8850 will give a new buy signal and open the way towards 0.89. However, if 0.8750 is broken, we will then advise to trade only short positions.
See the previous analysis of the EUR/GBP pair of May 18th, 2011
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Technical analysis of the EUR/GBP pair on May 18th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP validated a return above 0.8750. The pair is now moving towards the resistance at 0.88. All indicators are now bullish. We stay neutral on the pair between 0.8750 and 0.88. We advise to wait an exit of this range to take position:
- Long if 0.88 is broken. The breakout of 0.8850 will give a new buy signal
- Short if 0.8750 is broken. The breakout of 0.87 will give a new sell signal.
See the previous analysis of the EUR/GBP pair of May 17th, 2011
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Technical analysis of the EUR/GBP pair on May 17th, 2011
Commentary of the EUR/GBP pair:
The pair EUR/GBP found support yesterday on 0.87 for a pullback on 0.8750. The pair continues to test this level. Indicators stay 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. In case of return above 0.8750, we will wait the breakout of 0.88 to trade long positions.
See the previous analysis of the EUR/GBP pair of May 16th, 2011
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TouTradeFX Daily Market Analysis : 16/05/2011
Crude Oil:
The price of oil is beginning to show signs of stabilizing after a wave of price drops that brought the price from record high levels of 114.80 dollars to record low levels of 94.70 dollars. This represents a 20 dollar drop in only five trading days! After a price drop of this size there is a very good possibility that the price will stabilize and began to move in the opposite direction upwards.
The estimate is that oil now has a high potential for short term price increases up to its previous record levels of around 104.50. However, this will not be before it breaks through the Triangle pattern, which it entered recently, upwards at around 99.50 dollars. We should point out that the fundamental analysis estimates the real value of oil at 130 dollars for a barrel which, from a ...
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