Archive for August, 2010
Forex Trading Technical Analysis (2010/08/31) USD/CAD Hits Key Resistance
(Please click on the forex chart thumbnail to enlarge) 8/31/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has hit a key resistance level in the 1.0670 price region, a level that has been reached and respected several times in the recent past. This occurs after [...]
Forex Trading Technical Analysis (2010/08/31) GBP/USD Potentially Targets 1.5200 Downside
(Please click on the forex chart thumbnail to enlarge) 8/31/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has dropped to approach support in the 1.5350 price region. This occurs within the context of a relatively choppy descent from the 6-month high just under 1.6000 reached in early [...]
Forex Trading Technical Analysis (2010/08/30) EUR/CHF On Brink of All-Time Low
(Please click on the forex chart thumbnail to enlarge) 8/30/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (a 4-hour chart of which is shown) as of Monday (8/30/2010) has descended to re-approach the all-time low of 1.2970 that was established just last week. This occurs within the context of an overall long-term downtrend for the pair that [...]
Forex Trading Technical Analysis (2010/08/30) GBP/JPY Pulls Back Up then Drops
(Please click on the forex chart thumbnail to enlarge) 8/30/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/JPY (a daily chart of which is shown) as of Monday (8/30/2010) has pulled back up to the lower border of the large rising wedge formation that it broke down last week, before reasserting its bearish stance today. The low that was reached [...]
Forex Trading Technical Analysis (2010/08/29) Key Forex Technical Trading Levels
8/29/2010 Forex Trading Technical Analysis (FXpath.com) – Here are some key forex support and resistance levels for the upcoming trading week. These technical levels are price areas/regions that forex traders should be paying close attention to, and around which significant technical trading events could likely occur. EUR/USD – Resistance: 1.2777, Support: 1.2586 GBP/USD – Resistance: [...]
Forex Trading Technical Analysis (2010/08/27) Currency Strength/Weakness Meter for This Past Trading Week
8/27/2010 Forex Trading Technical Analysis (FXpath.com) – Here are the strongest and weakest major currencies for the past week (August 23-27, 2010), based upon relative percentage price change against each other from the beginning of this past trading week to the end of the week. This information can be used to identify possible trends and pairings of [...]
Forex Trading Technical Analysis (2010/08/27) EUR/USD Leans Toward Bearish Trend Resumption
(Please click on the forex chart thumbnail to enlarge) 8/27/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a 4-hour chart of which is shown) as of Friday (8/27/2010) has begun once again to lean towards a resumption of the bearish trend that originated in early August. This occurs after price hit a low just below 1.2600 earlier in [...]
Forex Trading Technical Analysis (2010/08/26) USD/JPY Retracement within Downtrend
(Please click on the forex chart thumbnail to enlarge) 8/26/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/26/2010) has made a bullish retracement after hitting a low just above its 83.50 downside support target just two days ago. This occurs within the context of an accelerated bearish trend extending from [...]
Forex Trading Technical Analysis (2010/08/26) AUD/JPY Forms Clear Triangle
(Please click on the forex chart thumbnail to enlarge) 8/26/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/JPY (a daily chart of which is shown) as of Thursday (8/26/2010) has formed a large and clear triangle consolidation pattern bisected by a key support/resistance level at 76.00. This occurs after three weeks of general bearishness that dropped price [...]
Forex Trading Technical Analysis (2010/08/25) GBP/USD Bearishness Hesitates Above Support
(Please click on the forex chart thumbnail to enlarge) 8/25/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Wednesday (8/25/2010) has hesitated after approaching key 1.5350 region support on the heels of almost three weeks of bearish price action that broke down below a key uptrend support line and just [...]
