Archive for July 13th, 2010
Forex Trading Technical Analysis (2010/07/13) EUR/JPY At Top of Parallel Downtrend Channel
(Please click on the forex chart thumbnail to enlarge) 7/13/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/JPY (a 4-hour chart of which is shown), as of Tuesday (7/13/2010), has reached up to short-term resistance in the 112.50 price region, which also coincides with the top of a well-formed parallel downtrend channel extending from late May. On [...]
Forex Trading Technical Analysis (2010/07/13) AUD/USD Tests Resistance Again
(Please click on the forex chart thumbnail to enlarge) 7/13/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD, a 4-hour chart of which is shown, has once again tested upside resistance within the context of the current horizontal trading range. Resistance on this trading range resides in the 0.8790 price region, while support resides around 100 pips lower in [...]
