Forex Trading Technical Analysis (2011/10/05) USD/CHF New Bullish Trend Targets Higher Highs
(Please click on the forex chart thumbnail to enlarge) 10/05/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Wednesday (10/05/2011) has continued to display a strong bullish bias in line with the new bullish trend that has been in place since the prior long-term downtrend was broken to the upside in early [...]
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 [...]
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 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 [...]
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 [...]
