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 (2011/09/27) 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 (2011/09/20) 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 (2011/08/02) Gold Reaches For Even Loftier Levels
(Please click on the forex chart thumbnail to enlarge) 8/02/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Tuesday (8/02/2011) has once again established yet a new all-time high, which has been occurring regularly for the past three weeks, this time around the 1640 price region. This occurs within the context of [...]
Forex Trading Technical Analysis (2011/08/01) AUD/USD Pulls Back Within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 8/01/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Monday (8/01/2011) has consolidated around the key 1.1000 psychological price region after making a tentative upside breakout last week to hit a new all-time high around 1.1078, surpassing the previous all-time high set in [...]
Forex Trading Technical Analysis (2011/07/08) Gold Strength Caps Off Steeply Bullish Week
(Please click on the forex chart thumbnail to enlarge) 7/08/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Friday (7/08/2011) has strengthened substantially for yet another day to cap off an entire week of bullish days. This significant strengthening occurs after price bounced off a strong confluence of support around 1475, which [...]
Forex Trading Technical Analysis (2011/07/07) AUD/USD Resumes Bullish Stance after Triangle Breakout
(Please click on the forex chart thumbnail to enlarge) 7/07/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (7/07/2011) has resumed its bullish stance after breaking out above a key descending triangle consolidation pattern, hitting strong resistance around the 1.0780 price region, and then pulling back to 1.0650 support right around [...]
Forex Trading Technical Analysis (2011/07/06) Gold Bounces High Off Support, Targets Record Levels After Correction
(Please click on the forex chart thumbnail to enlarge) 7/06/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Wednesday (7/06/2011) has made an exceptionally pronounced bounce off a key confluence of support around both the 1475 support region and the 100-period simple moving average. This high bounce has prompted a recovery of [...]
Forex Trading Technical Analysis (2011/06/30) EUR/USD Reaches Up to Triangle Upper Border
(Please click on the forex chart thumbnail to enlarge) 6/30/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (6/30/2011) has reached up to hit the upper border of a large triangle consolidation pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. [...]
Forex Trading Technical Analysis (2011/06/30) AUD/USD Bullish Surge Breaks Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/30/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (6/30/2011) has continued its upside momentum after yesterday’s bullish breakout above a clear descending triangle consolidation pattern. This triangle breakout occurs within the context of a long-term, year-long bullish trend that extends back [...]
