Archive for July 22nd, 2010
Forex Trading Fundamental Analysis (2010/07/22) EUR/USD Stuck Between a European Rock and a U.S. Hard Place
7/22/2010 Forex Trading Fundamental Analysis (FXpath.com) – What can we expect from the EUR/USD? In the past few sessions the Euro has made two attempts to breach the 1.30 level but has so far been thwarted. Well, the simple answer is that the combination of not-as-worse-as-expected data from Europe, worse-than-expected data from the US, and [...]
Forex Trading Technical Analysis (2010/07/22) AUD/USD Breaks Triple Top and Targets 0.9000
(Please click on the forex chart thumbnail to enlarge) 7/22/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Thursday (7/22/2010) has broken out above the 0.8850 triple top high that was described yesterday . After breakout, price rose around 100 pips above the breakout at its height, as [...]
Forex Trading Technical Analysis (2010/07/22) EUR/USD Climbs
(Please click on the forex chart thumbnail to enlarge) 7/22/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a 4-hour chart of which is shown) as of Thursday (7/22/2010) has continued its climb after pulling back yesterday to just above 1.2700. As of Thursday morning New York session, price tentatively broke out above resistance at 1.2900 and could now potentially be [...]
