Archive for June 21st, 2010
Forex Technical Analysis (2010/06/21) EUR/USD Turns Down from Resistance
(Please click on the forex chart thumbnail to enlarge) 6/21/2010 Forex Technical Analysis (FXpath.com) – EUR/USD, a daily chart of which is shown, after around two weeks of bullishness, has turned down significantly from resistance just below the 1.2500 price region. In the process, price has also hit dynamic support at a steep uptrend support line that [...]
Forex Technical Analysis (2010/06/21) USD/CAD Extends Drop Below Support Towards Parity
(Please click on the forex chart thumbnail to enlarge) 6/21/2010 Forex Technical Analysis (FXpath.com) – USD/CAD, an hourly chart of which is shown, has broken down well below the short-term triple bottom support established last week (as outlined in last week’s USD/CAD analysis). That triple bottom support resided in the 1.0220 price region. As mentioned [...]
