Forex Trading Technical Analysis (2011/07/05) EUR/JPY Breaks Out, Eyes Higher Levels
(Please click on the forex chart thumbnail to enlarge) 7/05/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/JPY (daily chart) as of Tuesday (7/05/2011) has tentatively broken out above a descending resistance trendline extending back to the April 123.30 high. This trendline is part of a descending triangle consolidation pattern. The current pattern breakout occurs after [...]
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 [...]
Forex Trading Technical Analysis (2011/06/29) EUR/USD Rises Towards 1.4500 Resistance
(Please click on the forex chart thumbnail to enlarge) 6/29/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Wednesday (6/29/2011) has consolidated in a triangle pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. Price action within this triangle has displayed a [...]
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 (2011/06/17) AUD/USD Seeks Break of Triangle Pattern Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/17/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Friday (6/17/2011) has consolidated into a large triangle pattern after descending along a bearish resistance trend line extending back to the all-time 1.1010 high hit in early May. The bottom border of the triangle [...]
Forex Trading Technical Analysis (2011/04/15) EUR/USD Pulls Back After Failing Around Key 1.4500 Resistance
(Please click on the forex chart thumbnail to enlarge) 4/15/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (4/15/2011) has dropped after a week of consolidating just under key 1.4500 resistance but ultimately being unable to breakout significantly or close above that important resistance ceiling. The current drop could be a part [...]
Forex Trading Technical Analysis (2011/04/12) EUR/CHF Respects Key Resistance, Targets Bearish Trend Continuation
(Please click on the forex chart thumbnail to enlarge) 4/12/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (a daily chart of which is shown) as of Tuesday (4/12/2011) has respected key resistance around the 1.3200 price region and turned to the downside, essentially keeping the long-term downtrend that has been in place since late 2007 intact. This [...]
Forex Trading Technical Analysis (2011/04/03) U.S. Dollar Index Targets 74 – Elliott Wave
(Please click on the forex chart thumbnail to enlarge) 4/03/2011 Forex Trading Technical Analysis (FXpath.com) – U.S. Dollar Index (daily chart) – The USD Index traded lower in the past several weeks, and broke down below a very important rising trend line connected from the 2008 lows. Since then, the USD Index has been consolidating [...]
