Archive for May, 2010
Forex Technical Analysis – 2010-05-31 – GBP/USD Bullish Correction within Strong Bearishness
(Please click on chart thumbnail to enlarge. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 5/31/2010 (FXpath.com) – Despite rising up to reach and slightly surpass 1.4600 resistance last week, [...]
Learn Forex – Forex Trading with Divergences
Learn Forex (FXpath.com) – Price-oscillator divergences in the forex market are instances when there is a technical imbalance between the price movement on a currency pair and an oscillator’s movement. Divergences should not be considered complete, self-contained trading strategies. Rather, they should be regarded as signals that warn of some potential impending directional bias. As [...]
Learn Forex – Multiple Timeframe Forex Trading
Learn Forex (FXpath.com) – One of the most logical, straightforward, and effective approaches to trading forex using technical analysis focuses on multiple chart timeframes. For example, a trader might begin by looking at a longer-term chart like the daily chart to determine the overall direction of the trend, if any. If a decisive long-term trend [...]
Forex Technical Analysis – EUR/USD Double Bottom but Still Bearish
(Please click on chart thumbnail to enlarge. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 5/28/2010 (FXpath.com) – EUR/USD, a daily chart of which is shown, has established a rough [...]
Forex Technical Analysis – USD/CAD Retreats from Resistance
(Please click on chart thumbnail to enlarge. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 5/27/2010 (FXpath.com) – USD/CAD, a daily chart of which is shown, has retreated substantially after [...]
USD/CHF Hits 13-Month High within Steep Uptrend
(Please click on chart thumbnail to enlarge. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 5/26/2010 (FXpath.com) – USD/CHF – Price action on USD/CHF, a daily chart of which is [...]
GBP/USD – Flag Pattern in Strong Bearishness
(Please click on chart thumbnail to enlarge. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.) 5/25/2010 (FXpath.com) – GBP/USD – Price action on GBP/USD, a daily chart of which is [...]
EUR/USD – Breakdown of Bullish Correction
Bearish price action on EUR/USD, a daily chart of which is shown, has begun the new trading week by reversing much of the gains it made during the bullish correction of last week. This occurs within the context of a strong and steep overall downtrend.
