Archive for October, 2010
Forex Trading Technical Analysis (2010/10/31) Key Forex Technical Trading Levels
10/31/2010 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: 1.4150, Support: 1.3700 GBP/USD – Resistance: [...]
Forex Trading Technical Analysis (2010/10/29) Currency Strength/Weakness Meter
10/29/2010 Forex Trading Technical Analysis (FXpath.com) – Here are the strongest and weakest major currencies for the past week (October 25-29, 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 [...]
Forex Trading Technical Analysis (2010/10/29) GBP/USD Reaches Up Towards 1.6000 Resistance
(Please click on the forex chart thumbnail to enlarge) 10/29/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a 4-hour chart of which is shown) as of Friday (10/29/2010) has reached all the way back up to around key 1.6000 resistance after a week of general upward trending. This week’s uptrend was launched off support in the 1.5650 [...]
Forex Trading Technical Analysis (2010/10/27) EUR/GBP Breaks Down Uptrend Channel
(Please click on the forex chart thumbnail to enlarge) 10/27/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/GBP (a 4-hour chart of which is shown) as of Wednesday (10/27/2010) has broken down below a key parallel uptrend channel that has characterized this currency pair since the September lows. This channel breakdown was swift and strong, and highlights [...]
Forex Trading Technical Analysis (2010/10/27) USD/CHF Trendline Breakout to Resistance
(Please click on the forex chart thumbnail to enlarge) 10/27/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a 4-hour chart of which is shown) as of Wednesday (10/27/2010) has broken out above a key downtrend resistance line and established a new one-month high in the process. This trendline break significantly disrupts the steep downtrend that has been [...]
Forex Trading Technical Analysis (2010/10/26) EUR/USD Breaks Wedge
(Please click on the forex chart thumbnail to enlarge) 10/26/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a 4-hour chart of which is shown) as of Tuesday (10/26/2010) has broken down below a rising wedge consolidation pattern. This occurs after price action broke down below a steep parallel uptrend channel in mid-October. Since that channel breakdown, the pair has [...]
Forex Trading Technical Analysis (2010/10/25) GBP/JPY Drops to 20-Month Low
(Please click on the forex chart thumbnail to enlarge) 10/25/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/JPY (a daily chart of which is shown) as of Monday (10/25/2010) has just established a new 20-month low by breaking down tentatively below the previous long-term low of 126.70 set in May. This occurs within the context of a strong parallel downtrend [...]
Learn Forex – Risk:Reward Using Andrews Pitchfork
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – EUR/USD (8-hour chart) – Using a classic technical analysis tool, Andrews Pitchfork, one may identify adequate risk:reward ratios that can benefit a trading account’s bottom line. Plot the Andrews Pitchfork when a higher low (as shown in Example #1 in the red [...]
Forex Trading Technical Analysis (2010/10/24) Key Forex Technical Trading Levels
10/24/2010 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: 1.4150, Support: 1.3700 GBP/USD – Resistance: [...]
Forex Trading Technical Analysis (2010/10/22) Currency Strength/Weakness Meter
10/22/2010 Forex Trading Technical Analysis (FXpath.com) – Here are the strongest and weakest major currencies for the past week (October 18-22, 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 [...]
