Archive for July 30th, 2010
Forex Trading Technical Analysis (2010/07/30) USD/CAD Hits Triangle Bottom
(Please click on the forex chart thumbnail to enlarge) 7/30/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown) as of Friday (7/30/2010) has once again hit the bottom of a large triangle consolidation pattern after having traded just below key 1.0400 resistance for the entire week. This large triangle occurs within [...]
Forex Trading Technical Analysis (2010/07/30) GBP/USD Still Above 1.55, Bullishness Potentially Targeting 1.58
(Please click on the forex chart thumbnail to enlarge) 7/30/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Friday (7/30/2010) has consolidated above 1.5500, a prior resistance region that was broken to the upside earlier in the week. This occurs within the context of a strong accelerated uptrend extending originally from the [...]
