Forex Trading Technical Analysis (2011/11/01) EUR/USD Bearish Correction of Bullish Correction
// (Please click on the forex chart thumbnail to enlarge) 11/01/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Tuesday (11/01/2011) has dropped precipitously since the beginning of this trading week from its high last week around key 1.4250 resistance (also the underside of the major uptrend support line extending from the [...]
Forex Trading Technical Analysis (2011/10/24) GBP/USD Hits Key 1.6000 Resistance
(Please click on the forex chart thumbnail to enlarge) 10/24/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/24/2011) has extended its rise up to the key 1.6000 psychological resistance level before backing off slightly. This occurs within the context of a steep bullish correction that began after price hit its [...]
Forex Trading Technical Analysis (2011/10/20) EUR/CHF Turns Down from Resistance Confluence
(Please click on the forex chart thumbnail to enlarge) 10/20/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (daily chart) as of Thursday (10/20/2011) has hit and tentatively respected a key resistance confluence that includes both a long-term descending resistance trend line extending back almost two years, and a key support/resistance line at the important 1.2400 [...]
Forex Trading Technical Analysis (2011/10/13) EUR/USD Turns Down From Resistance to Target Potential Bearish Continuation
(Please click on the forex chart thumbnail to enlarge) 10/13/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (10/13/2011) has turned down from key resistance in the 1.3830 price region. This occurs after more than a week of strongly bullish price action that has formed a significant bullish correction within the [...]
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 (2011/10/04) 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 Analysis (2011/09/26) USD/JPY Poised for Correction
(Please click on the forex chart thumbnail to enlarge) 9/26/2011 Forex Trading Analysis (FXpath.com) – Long term bets on U.S. dollar against the Japanese yen learned a valuable lesson after the close of U.S. trading session on March 16th, 2011. A historic 25-minute stop run which occurred after 5:00 p.m. EST had the U.S. dollar [...]
