Archive for July 20th, 2010
Spot Gold Technical Analysis (2010/07/20) Gold Touches Long-Term Uptrend Line
(Please click on the spot gold chart thumbnail to enlarge) 7/20/2010 Spot Gold Technical Analysis (FXpath.com) – Gold (a daily chart of which is shown) as of Tuesday (7/20/2010), has just pulled back, touched, and bounced up off a long-term uptrend support line extending at least all the way back to the October 2008 low. [...]
Forex Trading Technical Analysis (2010/07/20) USD/JPY Looks to Break Pennant Consolidation
(Please click on the forex chart thumbnail to enlarge) 7/20/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Tuesday (7/20/2010) morning, has formed a pennant-like retracement/consolidation formation within a strong downtrend. This potentially bearish retracement/consolidation pattern occurs right around the key 87.00 support/resistance region. In the event of a strong [...]
