forex tribe's Technical Analysis

Re: Resistances and Supports

Resistances and supports updated the 05/25/2010
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Re: Technical analysis of the GBP/JPY parity

Technical analysis of the GBP/JPY parity on May 25th, 2010 by forex-tribe.com :

The correction is over and a new highest has been made at 131.39. As far as this level is resistance, we maintain to trade only short positions. The parity got back below 129.76 (level 0% of fibonacci retracements) and is going to test the support at 128. The break out of this level will give a new sell signal. The next support is at 127.

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Re: Technical analysis of the GBP/USD parity

Technical analysis of the GBP/USD parity on May 25th, 2010 by forex-tribe.com :

1.4476 again acted as resistance. As far as it is the case, we maintain to trade only short positions. The parity is still moving into its range between 1.4250 and 1.4476. The price is going to test the support at 1.4250. The break out of this level will give a new sell signal.

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Re: Technical analysis of the NZD/USD parity

Technical analysis of the NZD/USD parity on May 25th, 2010 by forex-tribe.com :

The correction ended and 0.6838 is still resistance. We maintain to trade only short positions as far as it is the case. Currently, the price is testing the support at 0.6642. The break out of this level will give a new sell signal. The next support is at 0.65.

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Re: Technical analysis of the USD/CAD parity

Technical analysis of the USD/CAD parity on May 25th, 2010 by forex-tribe.com :

The parity made a pullback on 1.0550 (level 23.60% of fibonacci retracement) and then the bullish movement took up. Currently, the price is testing the resistance at 1.0741 (level 0%). The break out of this level will give a new buy signal. We maintain to trade only long positions as far as 1.0550 is support.

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Re: Technical analysis of the USD/CHF parity

Technical analysis of the USD/CHF parity on May 25th, 2010 by forex-tribe.com :

The parity just got out of its range from the top and so a new buy signal has been given. We maintain to trade only long positions as far as 1.1450 (lower band of the range) is support. The break out of 1.17 will give a new buy signal. If 1.1450 is broken, we will stay neutral on the parity.

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Re: Technical analysis of the USD/JPY parity

Technical analysis of the USD/JPY parity on May 25th, 2010 by forex-tribe.com :

The parity made a pullback on 90.68 (level 61.80% of fibonacci retracements) and took up its bearish movement. We maintain to trade only short positions as far as this level is resistance. The break out of 89.36 (green line) will give a new sell signal. If 90.68 is broken, we will stay neutral on the parity.

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Re: Technical analysis of the USD/JPY parity

Technical analysis of the USD/JPY parity on May 31th, 2010 by forex-tribe.com :

The parity is currently testing the level 50% of fibonacci retracement at 91.46. The break out of this level will give a buy signal. However, a bearish divergence appears on the RSI and could lead to a correction towards 90.68. As far as the parity is moving between 91.46 and 90.68 (level 61.80%), we stay neutral. If 90.68 is broken, a sell signal will be given.

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Re: Technical analysis of the USD/CHF parity

Technical analysis of the USD/CHF parity on May 31th, 2010 by forex-tribe.com :

We maintain our last commentary : 'By drawing fibonacci retracement of the last bullish movement, we see that the level 23.60% at 1.1514 is support. We maintain to trade only long positions as far as 1.1450 (lower band of our former range) is supprot. If this level is broken, we will stay neutral. However, the break out of 1.17 will give a new buy signal.'

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Re: Technical analysis of the USD/CAD parity

Technical analysis of the USD/CAD parity on May 31th, 2010 by forex-tribe.com :

The parity got out of its range from the bottom and 1.0482 (level 50% of fibonacci retracement) has been broke. So, we advise to trade only short positions as far as 1.0569 (level 38.20%) is resistance. The break out of 1.0394 (level 61.80%) will give a new sell signal. However, if 1.0569 is broken, we will advise to trade only long positions.

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Re: Technical analysis of the NZD/USD parity

Technical analysis of the NZD/USD parity on May 31th, 2010 by forex-tribe.com :

The bearish divergence on the RSI well functioned but a new correction pushed back the price on the resistance at 0.6840. As far as this level is resistance, we maintain to trade only short positions. The break out of the last lowest at 0.6755 will give a new sell signal. However, if 0.6840 is broken, a buy signal will be given. We could then target 0.6940 in the first place.

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Re: Technical analysis of the GBP/USD parity

Technical analysis of the GBP/USD parity on May 31th, 2010 by forex-tribe.com :

The bearish divergence on the RSI showed us that a new break out of 1.4503 what more likely to happen. This level has been broken and so a sell signal is given. We advise again to trade only short positions as far as 1.46 (last highest) is resistance. The break out of 1.44 will give a new sell signal.

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Re: Technical analysis of the GBP/JPY parity

Technical analysis of the GBP/JPY parity on May 31th, 2010 by forex-tribe.com :

The parity continues to move into its range between the level 23.60% at 130.83 and the level 38.20% at 133.36. We stay neutral between these levels. We will wait a break out of one of these two bands to enter into the side of the break out. A take up of the bearish movement seems more likely to happen, a bearish divergence appears on the RSI.

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