Forex Trading Technical Analysis (2011/06/17) AUD/USD Seeks Break of Triangle Pattern Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/17/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Friday (6/17/2011) has consolidated into a large triangle pattern after descending along a bearish resistance trend line extending back to the all-time 1.1010 high hit in early May. The bottom border of the triangle [...]
Forex Trading Technical Analysis (2011/04/21) AUD/USD Continues Strong Bullishness, Due For Pullback
(Please click on the forex chart thumbnail to enlarge) 4/21/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Thursday (4/21/2011) has risen dramatically to reach and surpass its 1.0700 price target, establishing a new record high just above 1.0770. This occurs on a sharp bullish move that originated near the beginning [...]
Forex Trading Technical Analysis (2011/04/13) AUD/USD Resumes Bullish Bias after Pullback
(Please click on the forex chart thumbnail to enlarge) 4/13/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Wednesday (4/13/2011) has tentatively resumed its bullish trend bias after pulling back to the 1.0400 price region, which is around the 61.8% Fibonacci retracement of the last major bullish trend run (from [...]
Forex Trading Technical Analysis (2011/03/16) AUD/USD Breakdown Momentum
(Please click on the forex chart thumbnail to enlarge) 3/16/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Wednesday (3/16/2011) has dropped down to approach its key support target in the 0.9800 price region before rebounding. This occurs on a breakdown below a triangle consolidation pattern extending from the long-term [...]
Forex Trading Technical Analysis (2011/03/10) AUD/USD Tentative Triangle Breakdown
(Please click on the forex chart thumbnail to enlarge) 3/10/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Wednesday (3/10/2011) has tentatively broken down below a key triangle consolidation pattern that extends back to the 1.0250 area long-term high that was hit at the very end of 2010. This [...]
Forex Trading Technical Analysis (2011/02/24) AUD/USD Triangle Pattern Prevails
(Please click on the forex chart thumbnail to enlarge) 2/24/2011 Forex Trading Technical Analysis (FXpath.com) - AUD/USD (a daily chart of which is shown) as of Thursday (2/24/2011) has extended a triangle consolidation pattern that has been in place since the 1.0250 long-term high was hit at the very end of 2010. This triangle pattern is clearly [...]
Forex Trading Technical Analysis (2011/02/20) – AUD/USD Triangle Waiting for Bullish Break – Elliott Wave
(Please click on the forex chart thumbnail to enlarge) 2/20/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) – On the AUD/USD daily chart we can see a very clear impulsive bullish trend which is still incomplete. The pair should potentially be headed even higher, as the prices formed only a 3-wave move into [...]
Forex Trading Technical Analysis (2011/02/03) AUD/USD Attempts Bullish Continuation
(Please click on the forex chart thumbnail to enlarge) 2/03/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Thursday (2/03/2011) has attempted to resume its upward momentum after breaking out above a key triangle consolidation early in the week, breaking out above its 1.0075 resistance target, and then [...]
Forex Trading Technical Analysis (2011/02/01) AUD/USD Breaks Swiftly to Upside
(Please click on the forex chart thumbnail to enlarge) 2/01/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Tuesday (2/01/2011) has broken out swiftly above a key triangle consolidation, reached and surpassed its initial 1.0075 resistance target, and rose further to hit a high just under 1.0150. Further bullishness on the current [...]
Forex Trading Technical Analysis (2011/01/28) AUD/USD Triangle Pattern
(Please click on the forex chart thumbnail to enlarge) 1/28/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Friday (1/28/2011) has consolidated within a converging triangle pattern that has been in place since the 0.9800 low that was hit near the beginning of the month. The top border [...]
