Forex Trading Technical Analysis (2011/02/09) GBP/USD Potential Weakness
(Please click on the forex chart thumbnail to enlarge) 2/09/2011 Forex Trading Technical Analysis (FXpath.com) – Cable recently hit a long term down-sloping resistance line (magenta line on the attached GBP/USD daily chart) that connects the August 5th swing high with the November 16th high, both in 2009. The pair has traded below this line [...]
Forex Trading Technical Analysis (2010/10/14) GBP/USD Uptrend Looks Tired – Elliott Wave
(Please click on the forex chart thumbnail to enlarge) 10/14/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (4-hour chart) – The pound was one of the weakest currencies out there in recent trading sessions and days, but not against the US dollar. The pair regained after the market formed only a corrective decline from 1.6015 [...]
Learn Forex – RSI as a Forex Trend Indicator
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – Many forex traders think of the Relative Strength Index (RSI) as just a simple chart oscillator that gives momentum readings of overbought/oversold conditions during trading ranges, as well as price-oscillator divergence indications. Actually, the RSI is somewhat more than that. One of [...]
Learn Forex – Divergences Illustrated
Learn Forex (FXpath.com) – Last month, an article describing the different types of price-oscillator divergences that can be found in the forex market (or in any other financial market) was posted here (http://fxpath.com/2010/05/31/forextradingwithdivergences/). That article garnered significant interest from the forex trading community. But what was missing were illustrations of these different types of divergences [...]
Learn Forex – Forex Trading with Divergences
Learn Forex (FXpath.com) – Price-oscillator divergences in the forex market are instances when there is a technical imbalance between the price movement on a currency pair and an oscillator’s movement. Divergences should not be considered complete, self-contained trading strategies. Rather, they should be regarded as signals that warn of some potential impending directional bias. As [...]
