forex tribe's Technical Analysis

Re: Resistances and Supports

Resistances and supports updated the 05/07/2010
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Technical analysis of the GBP/JPY parity

Technical analysis of the GBP/JPY parity on May 21th, 2010 by forex-tribe.com :

129.76 (fibonacci retracement 0%) has been broken this time, giving us a new sell signal. The parity is currently making a pullback on this level. Be careful, the correction could pursuit, an important bullish divergence appear on the RSI and the Momentum. However, we maintain to trade only short positions as far as 132.50 (last highest) is resistance. Besides, the parity is moving into a bearish channel. The break out of 128 will give a new sell signal.

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Technical analysis of the GBP/USD parity

Technical analysis of the GBP/USD parity on May 21th, 2010 by forex-tribe.com :

No moves on the parity which is moving into a range between 1.4250 and 1.4476 (level 0%). We maintain to trade only short positions as far as 1.4476 is resistance. The break out of 1.4250 will indicate a pursuit of the bearish movement and will give a new sell signal. If 1.4476 is broken, we will stay neutral, a return on 1.4692 (level 23.60%) is possible.

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Technical analysis of the NZD/USD parity

Technical analysis of the NZD/USD parity on May 21th, 2010 by forex-tribe.com :

After its pullback on 0.6838, the parity broke the support at 0.6741, giving us a new sell signal. The price is currently making a pullback on this level. 0.6642 acted as support. The break out of this level will give a new sell signal. The parity seems to move into a bearish channel. We maintain to trade only short positions as far as 0.6838 is resistance. If this level is broken, we will stay neutral.

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Technical analysis of the USD/CAD parity

Technical analysis of the USD/CAD parity on May 21th, 2010 by forex-tribe.com :

A bullish acceleration occured on the parity and the resistance at 1.0550 (fibonacci retracement 61.80%) has been broken, giving a new buy signal. The parity got out of its channel from the top. We maintain to trade only long positions as far as 1.0550 is support. Currently, the price is testing a break of 1.0741 (level 0%). A break out of this level will give a new buy signal.

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Technical analysis of the USD/CHF parity

Technical analysis of the USD/CHF parity on May 21th, 2010 by forex-tribe.com :

No moves on the parity which seems to move into a range between 1.1450 and 1.1580 (dotted black lines). The break out of 1.1580 will give a new buy signal. We maintain to trade only long positions as far as 1.14 is support. If this level is broken, we will stay neutral. The next resistance is at 1.17.

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Technical analysis of the USD/JPY parity

Technical analysis of the USD/JPY parity on May 21th, 2010 by forex-tribe.com :

The parity get out of its bevel from the bottom and the break out of 91.46 (fibonacci retracement 50%) gave us a new sell signal. Then, the break out of 90.68 (level 61.80%) offered another sell signal. We maintain to trade only short positions as far as 91.00 is resistance. The break out of 89.36 will give a new sell signal.

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