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Usd/cadTitle:
Forex Technical Analysis : 05/01/2012
- Forex Technical Analysis : 05/01/2012 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
Title:
Technical analysis of the USD/CAD pair on May 1st, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD has rebouded yesterday on the support at 0.98 and is currently testing the resistance at 0.9887.
All indicators are bullish.
The pair is still moving into its bearish channel (purple lines).
We continues to advise short positions as far as 0.9887 is resistance.
A return below 0.9866 will comfort our bearish feeling.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9887, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of April 30th, 2012
USD/CAD Analysis
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Daily Forex Spot Contest : 05/01/2012
Winners of the Daily Forex Spot Contest - May 1st, 2012 :
Title:
Canadian GDP Disappoints, Sending Loonie Lower
Canadian GDP surprised analysts and traders to the downside today, with February GDP declining 0.2%. The news came at the same time that reports of slowing consumer spending and income were reported in the United States. The combination is weighing on the Canadian dollar today, as well as on other currencies.
The drop in Canadian GDP is being blamed, to some extent on oil and mining shutdowns that occurred in Canada. The result was that expectations were missed at the same time producer prices in Canada rose a little more than expected. This combination surprised many, and that led to a drop in the Canadian dollar. The situation in the eurozone is also weighing on risk appetite in general.
Also not helping matters is the disappointing data out of the United States. The Canadian economy ...
Title:
Dollar regains on haven-demand
The week kicks off with a downbeat tone, we have seen the U.S. dollar paring the losses seen on Friday triggered by markets reconsidering QE3 probabilities. The safe-haven currency gained on dampened risk-appetite, mainly provoked by Spain slipping into recession, as the economy contracted by 0.3 percent in the first quarter; meanwhile, the Canadian GDP showed the country’s economy contracted by 0.2% in February, adding into the overall gloomy scene.
From the U.S., personal spending dropped from 0.9% in February to 0.3% in March, while personal income ticked 0.1 percent higher from 0.3% in February, on the other hand, Chicago purchasing managers index dropped sharply as well printing a 56.2 from 62.2 in February.
The EUR/USD pair pared Friday’s gains after printing a high at 1.3270; the ...
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SunBirdFX Daily Market Analysis : 04/30/2012
www.sunbirdfx.com
The US stock markets closed a strong trading week and the indices are on the safe way to the annual picks. All of the three main indices made the bullish reversal pattern, as the S&P 500 crossed above the important level of 1400 points and it is just 20 points away from 2012's high. The main reason for this strong rally is the fact that most of the S&P 500 companies bit Wall Street expectations and literally blocked the sharp declines that occurred on the beginning of the month. However, the results season is not over yet and therefore disappointing results or extreme bad economic data might have the ability to pull the stock markets down.
EUR/USD
The rising of the US indices ruined the USD's plans for starting a strengthening session against the major currencies. We ...
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Dollar Tumbles Following Disappointing GDP Figure
A worse than expected Advance GDP figure sent the dollar tumbling to multi-week lows against several of its main currency rivals on Friday. The EUR/USD closed out the week at 1.3249, up close to 100 pips for the day. Against the JPY, the greenback was down 115 pips to finish the day at 80.27. Turning to this week, the US Non-Farm Payrolls figure should be closely watched when it is released on Friday. In addition, Tuesday's US ISM Manufacturing PMI and Wednesday's ADP Non-Farm Employment Change may lead to significant activity in the marketplace. The dollar may extend its losses should any of the indicators come in below expectations.
Economic News
USD - Dollar Volatility Expected Ahead of Non-Farm Report
A disappointing US GDP figure resulted in heavy losses for the dollar to close out ...
Title:
Forex Technical Analysis : 04/30/2012
- Forex Technical Analysis : 04/30/2012 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
XAU/USD (Gold) Technical Analysis
XAG/USD (Silver) Technical Analysis
Crude Oil Technical Analysis
Title:
Technical analysis of the USD/CAD pair on April 30th, 2012
Commentary of the USD/CAD pair :
The pair USD/CAD made a pullback on the resistance at 0.9866 last friday and then took up its bearish movement.
The pair is currently testing the support at 0.98.
All indicators are bearish.
The pair is moving just below the lower band its bearish channel (purple lines).
We continues to advise short positions as far as 0.9880 is resistance.
The breakout of 0.98 will give a new sell signal and open the way towards 0.9750.
In case of return above 0.9880, we will wait the breakout of 0.9910 to advise long positions.
See the previous analysis of the USD/CAD pair of April 26th, 2012
USD/CAD Analysis
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