Archive for July 28th, 2010
Forex Trading Technical Analysis (2010/07/28) AUD/USD Retraces Within Uptrend
(Please click on the forex chart thumbnail to enlarge) 7/28/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown), has retraced back down to a key uptrend support line extending from the 0.8315 double-bottom low established in early July. This bearish retracement occurs within the context of this month’s steep uptrend that hit [...]
Forex Trading Technical Analysis (2010/07/28) USD/CAD in Large Triangle Consolidation
(Please click on the forex chart thumbnail to enlarge) 7/28/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown), which has generally been entrenched in an overall sideways consolidation since late 2009, has now formed a large converging triangle pattern consolidation. This pattern suggests a progressive tightening of volatility in the pair over the [...]
