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 (2010/11/23) EUR/GBP Breaks Down Within Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 11/23/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/GBP (a 4-hour chart of which is shown) as of Tuesday (11/23/2010) has once again dropped down to (and slightly breached) key support in the 0.8450 price region, the level that was established as a double-bottom low early last week. This 0.8450 [...]
Forex Trading Technical Analysis (2010/09/17) GBP/JPY Downtrend, Double-Bottom, then Channel Top
(Please click on the forex chart thumbnail to enlarge) 9/17/2010 Forex Trading Technical Analysis (FXpath.com) – GBP/JPY (a daily chart of which is shown) as of Friday (9/17/2010) has retraced back up to the top resistance border of a key parallel downtrend channel extending back to the 2009 high, on the heels of this week’s yen intervention. This bullish [...]
Forex Trading Technical Analysis (2010/09/10) USD/CHF Double-Bottoms Out
(Please click on the forex chart thumbnail to enlarge) 9/10/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a 4-hour chart of which is shown) as of Friday (9/10/2010), after forming a double-bottoming pattern in the 1.0060 price region earlier in the week, has tentatively risen to breakout above: a downtrend resistance line extending from the August [...]
Forex Trading Technical Analysis (2010/09/02) USD/JPY Double Bottom During Downtrend
(Please click on the forex chart thumbnail to enlarge) 9/02/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has formed an approximate double-bottom low in the 83.60 price region. This occurs within the context of a strong and continuing downtrend extending from the early June [...]
Forex Trading Technical Analysis (2010/09/02) USD/CAD Settles Above Support
(Please click on the forex chart thumbnail to enlarge) 9/02/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occurs within the context of [...]
Forex Trading Technical Analysis (2010/08/30) EUR/CHF On Brink of All-Time Low
(Please click on the forex chart thumbnail to enlarge) 8/30/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (a 4-hour chart of which is shown) as of Monday (8/30/2010) has descended to re-approach the all-time low of 1.2970 that was established just last week. This occurs within the context of an overall long-term downtrend for the pair that [...]
Forex Trading Technical Analysis (2010/08/10) AUD/USD Breaks Down Trendline
(Please click on the forex chart thumbnail to enlarge) 8/10/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) broke down below a key uptrend support line on Monday, much like EUR/USD did during early Asian trading hours on Tuesday. In the case of AUD/USD, its uptrend line is a [...]
Forex Trading Technical Analysis (2010/08/04) AUD/USD Tentatively Breaks Out to 3-Month High
(Please click on the forex chart thumbnail to enlarge) 8/04/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Wednesday (8/04/2010) just tentatively made a slight breakout above key resistance in the 0.9150 price region, establishing a new 3-month high, before pulling back. This occurs after price consolidated [...]
Forex Trading Technical Analysis (2010/08/02) AUD/USD Reaches Upside Target, Bullish Bias
(Please click on the forex chart thumbnail to enlarge) 8/02/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Monday (8/02/2010) has closely approached its upside resistance target in the 0.9150 price region after breaking out today above last week’s high of 0.9067. This breakout confirms the continuation of [...]
