Archive for August 24th, 2010
Learn Forex – Paralysis by Analysis or Extinct by Instinct?
Learn Forex (FXpath.com) – Forex traders can gravitate towards one of two extremes, though most traders fall somewhere in between. One extreme is called “paralysis by analysis,” while the polar opposite extreme is called “extinct by instinct.” When a trader is faced with these two extremes, the wisest choice, as is often the case in [...]
Forex Trading Technical Analysis (2010/08/24) GBP/JPY Breaks Down Wedge, Targets Downtrend Continuation
(Please click on the forex chart thumbnail to enlarge) 8/24/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/JPY (a daily chart of which is shown) as of Tuesday (8/24/2010) has broken down cleanly below a rising wedge pattern and, in the process, several key support levels. Directly underneath the wedge pattern, price went on to break down below [...]
Forex Trading Technical Analysis (2010/08/24) AUD/USD Bearish Stance within Downtrend Channel
(Please click on the forex chart thumbnail to enlarge) 8/24/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Tuesday (8/24/2010) has tentatively dropped below 0.8850 support to establish a new one-month low, before correcting back up. This occurs after price came down from another re-test of the top [...]
