Forex Trading Technical Analysis (2011/06/27) USD/JPY Pushes to the Upside
(Please click on the forex chart thumbnail to enlarge) 6/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (6/27/2011) has broken out of a symmetrical triangle consolidation pattern extending back to the end-of-May high, which resides within a larger consolidation that has been in place for the last two months. The [...]
Forex Trading Technical Analysis (2011/06/21) AUD/USD Upside Pressure Looks to Break Triangle Pattern Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/21/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Tuesday (6/21/2011) has continued to languish within a large consolidation represented by a symmetrical triangle pattern formation. This converging consolidation has been forming since the all-time high of 1.1010 was hit in early May. [...]
Forex Trading Technical Analysis (2011/04/29) EUR/USD Reaches Further to the Upside, Targets Higher Highs
(Please click on the forex chart thumbnail to enlarge) 4/29/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or retracement since breaking out above the 1.4500 prior resistance level last week. This continued upside surge [...]
Forex Trading Technical Analysis (2011/04/27) GBP/USD Approaches Key 1.6600 Resistance
(Please click on the forex chart thumbnail to enlarge) 4/27/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Wednesday (4/27/2011) has risen to approach key resistance around the 1.6600 price region before pulling back, after coming very close to hitting that level late last week. This occurs within the context of both [...]
Spot Silver Technical Analysis (2011/04/26) Silver Pulls Back from All-Time High
(Please click on the silver chart thumbnail to enlarge) 4/26/2011 Spot Silver Technical Analysis (FXpath.com) – Silver (a daily chart of which is shown) as of Tuesday (4/26/2011) has pulled back and begun a bearish correction after establishing a new all-time high just short of $50, around $49.79. The establishment of this new all-time high can be considered simply a re-test of [...]
Spot Gold Technical Analysis (2011/04/25) Gold Surges to New Record Highs
(Please click on the gold chart thumbnail to enlarge) 4/25/2011 Spot Gold Technical Analysis (FXpath.com) – Gold (a daily chart of which is shown) as of Monday (4/25/2011) has continued its bullish stance after having broken out above its 1500 resistance target late last week, establishing yet a new all-time high above 1517 in the process. This follows on [...]
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 [...]
Spot Gold Technical Analysis (2011/04/19) Gold Approaches 1500 Target
(Please click on the forex chart thumbnail to enlarge) 4/19/2011 Spot Gold Technical Analysis (FXpath.com) - Gold (a daily chart of which is shown) as of Tuesday (4/19/2011) has very closely approached its upside resistance target at 1500, hitting a high above 1497 and establishing yet a new all-time high in the process. This occurs within the context of [...]
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 (2011/04/12) EUR/GBP Clears The 0.8852 Level, Eyes More Strength
(Please click on the forex chart thumbnail to enlarge) 4/12/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/GBP (daily chart) – With a clearance of the 0.8852 level now seen, further upside risk is now building up towards its Oct 25, 2010 high at the 0.8940 level where a break will resume its long term uptrend. [...]
