Forex Trading Technical Analysis (2011/11/01) EUR/USD Bearish Correction of Bullish Correction
// (Please click on the forex chart thumbnail to enlarge) 11/01/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Tuesday (11/01/2011) has dropped precipitously since the beginning of this trading week from its high last week around key 1.4250 resistance (also the underside of the major uptrend support line extending from the [...]
Forex Trading Technical Analysis (2011/10/31) EUR/CHF Continues Bearish Downturn Within Long-Term Downtrend
(Please click on the forex chart thumbnail to enlarge) 10/31/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (daily chart) as of Monday (10/31/2011) has continued its fall towards the significant 1.2000 psychological support level after having turned down two weeks ago from an important long-term downtrend resistance line extending from the December 2009 high and [...]
Forex Trading Technical Analysis (2011/10/27) USD/CHF Follows Through on Head-and-Shoulders Pattern Breakdown
(Please click on the forex chart thumbnail to enlarge) 10/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Thursday (10/27/2011) has extended its fall substantially after breaking the neckline of a well-formed head-and-shoulders reversal pattern. Thursday’s price action saw the pair drop more than 200 pips to hit a 7-week low just [...]
Forex Trading Technical Analysis (2011/10/26) USD/JPY Hits New All-Time Low Within Bearish Trend Channel
(Please click on the forex chart thumbnail to enlarge) 10/26/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend channel that extends back to the early [...]
Forex Trading Technical Analysis (2011/10/18) Gold Makes Tentative Breakdown Move
(Please click on the forex chart thumbnail to enlarge) 10/18/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Tuesday (10/18/2011) has made a pronounced drop below its wedge pattern consolidation, which hints at a potential continuation of the bearish run that originated from the early September all-time high around 1920. This wedge [...]
Forex Trading Technical Analysis (2011/10/13) EUR/USD Turns Down From Resistance to Target Potential Bearish Continuation
(Please click on the forex chart thumbnail to enlarge) 10/13/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (10/13/2011) has turned down from key resistance in the 1.3830 price region. This occurs after more than a week of strongly bullish price action that has formed a significant bullish correction within the [...]
Forex Trading Technical Analysis (2011/10/12) Gold Struggles to Recover
(Please click on the forex chart thumbnail to enlarge) 10/12/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Wednesday (10/12/2011) has continued its struggle to recover from the precipitous drop that brought price down from its latest all-time high of 1920 in early September down to a low of 1532 in late [...]
Forex Trading Technical Analysis (2011/10/04) AUD/USD Drops to Key Support Target, Continued Bearish Bias
(Please click on the forex chart thumbnail to enlarge) 10/04/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Tuesday (10/04/2011) has dropped down to a key support target in the 0.9400 price region after five consecutive bearish days that brought the pair plummeting down from its correction highs near parity (1.0000). This [...]
Forex Trading Technical Analysis (2011/10/03) GBP/USD Targets Downtrend Continuation
(Please click on the forex chart thumbnail to enlarge) 10/03/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/03/2011) has resumed its strongly bearish bias within the context of a steep downtrend that has been in place for more than two months since the late August 1.6616 high. This downtrend established [...]
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 [...]
