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Technical Analysis Of The Usd/cadTitle:
Technical analysis of the USD/CAD pair on July 1st, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continued its bearish rallye and the breakout of 0.9679 and 0.9650 has been broken, giving us a new sell signals.
We maintain to trade only short positions as far as 0.9679 is resistance.
The breakout of 0.9592 will give a new sell signal and open the way towards 0.9550.
However, in case of return above 0.9679, we will be neutral.
See the previous analysis of the USD/CAD pair of June 30th, 2011
Title:
Technical analysis of the USD/CAD pair on June 30th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD continued its bearish rallye and the breakout of 0.98 has been validated, giving us a sell signal.
Then, the breakout of 0.9747 gave us a new one.
Currently, the pair is testing the next support at 0.9679.
We maintain to trade only short positions as far as 0.9747 is resistance.
The breakout of 0.9679 will give a new sell signal and open the way towards 0.9650 and 0.96.
However, in case of return above 0.9747, we will be neutral.
See the previous analysis of the USD/CAD pair of June 29th, 2011
Title:
YouTradeFX Daily Market Analysis : 29/06/2011
www.youtradefx.com
EUR/JPY :
Lessening fears with regards to Greece thanks to the vote on the country's austerity program coupled with the positive macro figures published yesterday from the United States housing market gave the financial markets a welcome push forward and they registered sharp rises in exchange rates for the second day running. It is possible that this is the end to the wave of corrective price drops and the start of a new move to increases in the direction of the main trend.
The euro – Japanese yen pair that is traded in positive correlation with the financial markets is hinting at the creation of a bottom line on its weekly graph, this after the pair systematically closed above its 200 day average line over the course of the past few weeks. This seems to indicate the ...
Title:
Technical analysis of the USD/CAD pair on June 29th, 2011
Commentary of the USD/CAD pair :
A strong bearish movement occured on the pair USD/CAD which broke the support at 0.9850.
The pair is now moving into a neutral zone between this level and 0.98 and is currently testing 0.98.
We advise to wait an exit of this range to take position:
- Long if 0.9850 is broken. The breakout of 0.99 will give a new buy signal.
- Short if 0.98 is broken. The breakout of 0.9747 will give a new sell signal.
See the previous analysis of the USD/CAD pair of June 28th, 2011
Title:
Technical analysis of the USD/CAD pair on June 28th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD just made a pullback on 0.9850.
We maintain to trade only long positions as far as this level is support.
The breakout of 0.99 will give a new buy signal and open the way towards 0.9950.
However, if 0.9850 is broken, we will be neutral between this level and 0.9810.
See the previous analysis of the USD/CAD pair of June 27th, 2011
Title:
Technical analysis of the USD/CAD pair on June 27th, 2011
Commentary of the USD/CAD pair :
A new strong bullish movement occured on the pair USD/CAD which got out of its neutral zone 0.9780/0.9810 from the top, giving us a buy signal.
Then, the resistance at 0.9863 has been broken and the pair is currently testing the next resistance at 0.99 (which match with the upper band of the bullish channel).
We maintain to trade only long positions as far as 0.9850 is support.
The breakout of 0.99 will give a new buy signal and open the way towards 0.9950.
However, if 0.9850 is broken, we will be neutral between this level and 0.9810.
See the previous analysis of the USD/CAD pair of June 24th, 2011
Title:
Technical analysis of the USD/CAD pair on June 24th, 2011
Commentary of the USD/CAD pair :
A strong bullish movement occured on the pair USD/CAD which has tested the resistance at 0.9810.
We are neutral on the pair between this level and 0.9780.
We advise to wait an exit of this range to take position:
- Long if 0.9810 is broken. The breakout of 0.9863 will give a new buy signal
- Short if 0.9780 is broken. The breakout of 0.9747 will give a new sell signal.
See the previous analysis of the USD/CAD pair of June 23th, 2011
Title:
Technical analysis of the USD/CAD pair on June 23th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD made a pullback on the resistance at 0.9747.
We maintain to trade only short positions as far as 0.9780 is resistance.
The breakout of 0.9711 will give a new sell signal and open the way towards 0.9680.
However, if 0.9780 is broken, we will be neutral.
See the previous analysis of the USD/CAD pair of June 22th, 2011
Title:
YouTradeFX Daily Market Analysis : 22/06/2011
www.youtradefx.com
NZD/USD :
Financial markets are beginning to return to rising prices as is the New Zealand dollar – United States dollar pair which is moving in positive correlation with the financial markets. One of the factors contributing to the positive mood is the feeling that the Prime Minister of Greece will succeed in surviving the vote of no confidence due to be held in the Greek Parliament today. On a technical level the New Zealand dollar – United States dollar pair is signalling a buy position after it was stopped by the important resistance level of 0.8030 and even outdid itself when it closed in the bullish reverse HAMMER pattern that constitutes a sign for a reversal of direction.
In the short term, the pair still has to get out of the shuffling pattern that it entered ...
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