Archive for July 12th, 2010
Forex Trading Technical Analysis (2010/07/12) EUR/GBP Hits Key Resistance Confluence
(Please click on the forex chart thumbnail to enlarge) 7/12/2010 Forex Technical Analysis (FXpath.com) – EUR/GBP, a daily chart of which is shown, has reached up to key resistance in the 0.8400 price region after almost two weeks of bullish price action. This 0.8400 resistance region also constitutes the area of a downtrend resistance line extending from [...]
Forex Trading Technical Analysis (2010/07/12) USD/CHF Bullish Turn
(Please click on the forex chart thumbnail to enlarge) 7/12/2010 Forex Technical Analysis (FXpath.com) – USD/CHF, a 4-hour chart of which is shown, has turned up as of Monday (7/12/2010) after failing to breakdown significantly below key support in the 1.0500 price region late last week. This bullish turn has broken out above a steep downtrend resistance [...]
