Forex Trading Technical Analysis (2011/09/23) AUD/USD Backs Off Support, Continued Bearish Bias
(Please click on the forex chart thumbnail to enlarge) 9/23/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Friday (9/23/2011) has backed off key support around the 0.9700 price region after having broken swiftly and strongly below prior key support around parity (1.0000). Friday’s price action rose up above 0.9800 from its [...]
Forex Trading Technical Analysis (2011/09/22) GBP/USD Continues Dramatic Plummet
(Please click on the forex chart thumbnail to enlarge) 9/22/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Thursday (9/22/2011) has continued its dramatic plummet since Wednesday, extending the sharp bearish trend that has been in place since the mid-August 1.6616 high. The current drop has brought price down to hit and [...]
Forex Trading Technical Analysis (2011/09/15) Gold Extends Pullback within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 9/15/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Thursday (9/15/2011) has extended its pullback after hitting the latest all-time high of $1920 last week. The current bearish retracement is overdue, as the steep run-up from the early July low of $1477 was [...]
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 Technical Analysis (2011/08/08) USD/JPY Drops Further, Continued Intervention Consideration
(Please click on the forex chart thumbnail to enlarge) 8/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (8/08/2011) has continued its steady, yen-strengthening fall after spiking late last week to a high of 80.22 on the heels of intervention by the Bank of Japan. This yen re-strengthening after the central [...]
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 (2011/07/15) 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 [...]
Forex Trading Technical Analysis (2011/07/14) USD/JPY Consolidates During Bearish Onslaught
(Please click on the forex chart thumbnail to enlarge) 7/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Thursday (7/14/2011) has entered into a consolidation after having broken down decisively below the key 79.50 previous support region (now resistance). The breakdown below 79.50, which was the region of the significant May low, [...]
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 (2011/07/01) Gold Extends Bearish Correction to Key Support
(Please click on the forex chart thumbnail to enlarge) 7/01/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Friday (7/01/2011) has extended its bearish correction after breaking down below a steep uptrend support line extending from the January low, and then breaking down below key previous support around the 1512 price region. [...]
