Archive for September, 2011
Forex Trading Technical Analysis (2011/09/30) EUR/USD Resumes Bearish Trend Bias
(Please click on the forex chart thumbnail to enlarge) 9/30/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Friday (9/30/2011) has begun a resumption of its bearish stance after making a bullish correction within the context of a strong and steep breakout downtrend. This new downtrend has its origins at the early [...]
Forex Trading Technical Analysis (2011/09/29) AUD/USD Consolidates but Still Bearish
(Please click on the forex chart thumbnail to enlarge) 9/29/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (9/29/2011) has consolidated above key support in the 0.9700 price region. This occurs after price action dropped precipitously from its high just under 1.0800 in the beginning of the month. The month of [...]
Forex Trading Technical Analysis (2011/09/27) USD/CHF Pulls Back within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 9/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (9/27/2011) has pulled back yet again in what is turning out to resemble a well-formed bullish trend characterized by strong breakouts to the upside interspersed with bearish pullbacks, or retracements. If price action [...]
Forex Trading Analysis (2011/09/26) USD/JPY Poised for Correction
(Please click on the forex chart thumbnail to enlarge) 9/26/2011 Forex Trading Analysis (FXpath.com) – Long term bets on U.S. dollar against the Japanese yen learned a valuable lesson after the close of U.S. trading session on March 16th, 2011. A historic 25-minute stop run which occurred after 5:00 p.m. EST had the U.S. dollar [...]
Forex Trading Technical Analysis (2011/09/23) AUD/USD Backs Off Support, Continued Bearish Bias
(Please click on the forex chart thumbnail to enlarge) 9/23/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Friday (9/23/2011) has backed off key support around the 0.9700 price region after having broken swiftly and strongly below prior key support around parity (1.0000). Friday’s price action rose up above 0.9800 from its [...]
Forex Trading Technical Analysis (2011/09/22) GBP/USD Continues Dramatic Plummet
(Please click on the forex chart thumbnail to enlarge) 9/22/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Thursday (9/22/2011) has continued its dramatic plummet since Wednesday, extending the sharp bearish trend that has been in place since the mid-August 1.6616 high. The current drop has brought price down to hit and [...]
Forex Trading Technical Analysis (2011/09/20) USD/CHF Turns Back Up to Target New Highs
(Please click on the forex chart thumbnail to enlarge) 9/20/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last week’s resistance test, price pulled back slightly in [...]
Talking Technicals with James Chen – Webinar Tomorrow at 12:30 PM U.S. ET
Please join us tomorrow (Tuesday, Sept 20) at 12:30 PM U.S. ET for Talking Technicals with James Chen. This free webinar will feature a high-probability technical approach to trading in the Forex market. Please click here to register: https://www1.gotomeeting.com/register/611865313 .
Forex Trading Technical Analysis (2011/09/19) GBP/USD Bearishness Targeting 1.55 Downside to Further Downtrend
(Please click on the forex chart thumbnail to enlarge) 9/19/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (9/19/2011) has continued its dramatic overall bearishness of the last several weeks by making a significant breakdown below key 1.5750 area support. This breakdown caps off a full month of steeply bearish price [...]
Forex Trading Technical Analysis (2011/09/15) Gold Extends Pullback within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 9/15/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Thursday (9/15/2011) has extended its pullback after hitting the latest all-time high of $1920 last week. The current bearish retracement is overdue, as the steep run-up from the early July low of $1477 was [...]
