Archive for June 17th, 2010
Forex Technical Analysis (2010/06/17) USD/CAD Establishes Short-Term Triple Bottom
(Please click on the forex chart thumbnail to enlarge) 6/17/2010 Forex Technical Analysis (FXpath.com) – USD/CAD, an hourly chart of which is shown, has established a triple bottom low around the 1.0220 price region. This has established key support for the pair. Usually, triple bottoms and tops are considered reversal patterns, but the bearish trend [...]
Forex Technical Analysis (2010/06/17) AUD/USD Confirms Potential Double-Bottom
(Please click on the forex chart thumbnail to enlarge) 6/17/2010 Forex Technical Analysis (FXpath.com) – AUD/USD, a daily chart of which is shown, has risen to approach resistance around the 0.8700 price region. This occurs after a double-bottom reversal pattern was tentatively confirmed on a breakout above the 0.8550 double-bottom peak early in the trading [...]
