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 (2011/10/18) 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 (2011/10/12) 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 (2011/10/05) 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 (2011/09/30) 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 [...]
Talking Technicals with James Chen – Webinar Rebroadcast
Please click on the following link to view the rebroadcast of today’s Talking Technicals with James Chen. This webinar featured Forex Chart Pattern Trading. Please click here to access: https://www1.gotomeeting.com/register/978696225 .
Forex Trading Fundamental Analysis (2011/07/15) Dollar Recovers After Fed Suggests QE3 is Not Definite
(Please click on the chart to enlarge) 7/15/2011 Forex Trading Fundamental Analysis (FXpath.com) – In New York, the euro pared earlier gains and traded lower against the U.S. dollar after Federal Reserve Chairman, Ben Bernanke’s testimony weakened certainty that the U.S. economy will receive a third round of quantitative easing (QE). The U.S. dollar experienced [...]
Forex Trading Technical Analysis (2011/07/15) EUR/USD Resumes Bearish Stance after Bullish Correction
(Please click on the forex chart thumbnail to enlarge) 7/15/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Friday (7/15/2011) has once again resumed its bearish stance after making a bullish correction up to 1.4280, which was the level of the 100-period simple moving average. That bullish correction occurred after price action [...]
