ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
Usd/jpy Parity On JulyTitle:
Technical analysis of the USD/JPY parity on July 20th, 2010
Commentary of the USD/JPY parity :
The parity is currently testing a new pullback on 87. The parity also moved into a bearish channel (purple lines). We maintain to trade only short positions as far as it is the case. The break out of 86.32 will give a new sell signal. If an exit of the channel occur, we will be neutral.
See the previous analysis of the USD/JPY parity of July 19th, 2010
Title:
Technical analysis of the USD/JPY parity on July 19th, 2010
Commentary of the USD/JPY parity :
The parity continues its bearish movement and the break out of 87 gave us a new sell signal. The next support is at 86.32 and is a daily support. The break out of this level will give a new sell signal. We maintain to trade only short positions as far as 87.50 is resistance. If this level is broken, we will stay neutral.
See the previous analysis of the USD/JPY parity of July 15th, 2010
Title:
Technical analysis of the USD/JPY parity on July 15th, 2010
Commentary of the USD/JPY parity :
The parity finaly took up its bearish movement and the breakout of 88.34 gave us a sell signal. We now advise to trade only short positions as far as this level is resistance. The next support is at 87.50. The break out of this level will give a new sell signal. However, if the price get back above 88.34, we will advise to trade again long positions.
See the previous analysis of the USD/JPY parity of July 14th, 2010
Title:
Technical analysis of the USD/JPY parity on July 14th, 2010
Commentary of the USD/JPY parity :
The pullback on 88.34 has been validated and the parity is now close of the resistance at 89.24. The breakout of this level will give a new buy signal and will liberate a strong bullish potential. We maintain to trade only long positions as far as 88.34 is support. If this level is broken, a sell signal will be given.
See the previous analysis of the USD/JPY parity of July 13th, 2010
Title:
Technical analysis of the USD/JPY parity on July 13th, 2010
Commentary of the USD/JPY parity :
The parity is currently testing a pullback on the support at 88.34. As far as this level is support, we maintain to trade only long positions. The break out of 89.24 (and also the upper band of the bearish channel) will liberate a high bullish potential. However, if the price get back below 88.34, we will advise to trade again short positions.
See the previous analysis of the USD/JPY parity of July 12th, 2010
Title:
Technical analysis of the USD/JPY parity on July 12th, 2010
Commentary of the USD/JPY parity :
The parity finaly broke 88.52, giving us a buy signal. We advise to trade only long position as far as 88.34 is support. The break out of 89.24 (and also the upper band of the bearish channel) will liberate a high bullish potential. However, if the price get back below 88.34, we will advise to trade again short positions.
See the previous analysis of the USD/JPY parity of July 9th, 2010
Title:
Technical analysis of the USD/JPY parity on July 12th, 2010
Commentary of the USD/JPY parity :
The parity finaly broke 88.52, giving us a buy signal. We advise to trade only long position as far as 88.34 is support. The break out of 89.24 (and also the upper band of the bearish channel) will liberate a high bullish potential. However, if the price get back below 88.34, we will advise to trade again short positions.
See the previous analysis of the USD/JPY parity of July 9th, 2010
Title:
Technical analysis of the USD/JPY parity on July 8th, 2010
Commentary of the USD/JPY parity :
A strong correction mouvement occured on the parity, breaking the lower band of the bearish channel. So, we are now neutral on the parity between the resistance at 88.52 and 88. We will wait the break out of one of these two bands to take position :
- Long if 88.52 is broken
- Short if 88 is broken
See the previous analysis of the USD/JPY parity of July 7th, 2010
Title:
Technical analysis of the USD/JPY parity on July 7th, 2010
Commentary of the USD/JPY parity :
The parity continues its bearish movement and the break out of 87.50 gave us a new sell signal. We maintain to trade only short positions as far as the lower band of our former bearish channel is resistance. The break out of 87 will give a new sell signal.
See the previous analysis of the USD/JPY parity of July 6th, 2010
|