Forex Trading Technical Analysis (2010/07/29) USD/JPY Bearishness Approaches 7-Month Low
(Please click on the forex chart thumbnail to enlarge) 7/29/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Thursday (7/29/2010) has once again descended to approach the 7-month low in the 86.25 price region that was just established in mid-July and confirmed with a double-bottom low just a [...]
Forex Trading Technical Analysis (2010/07/27) USD/CHF Breaks Out From Double Bottom
(Please click on the forex chart thumbnail to enlarge) 7/27/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a 4-hour chart of which is shown) as of Tuesday (7/27/2010) has broken out above a short-term resistance level in the 1.0560 price region slightly after breaking out above a key downtrend resistance line extending from the June 6 high. [...]
Forex Trading Technical Analysis (2010/07/23) USD/JPY Double-Bottom, Double-Top, and Double-Bottom Again
(Please click on the forex chart thumbnail to enlarge) 7/23/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Friday (7/23/2010) has formed yet another double-bottom formation, this time in the 86.30 price region. This double-bottom forms in the context of a strong overall downtrend extending from the [...]
Learn Forex – Forex Point and Figure Trading
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – In any financial trading market, including forex, some may characterize point & figure trading as trading based upon pure price action. This is because only price, which is undeniably the most important aspect of technical analysis, is customarily included on this type [...]
Forex Trading Technical Analysis (2010/07/15) USD/JPY Double-Bottom, Double-Top, and Drop
(Please click on the forex chart thumbnail to enlarge) 7/15/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown), as of Thursday (7/15/2010), made a substantial plunge to break down below key support at 88.00 and now once again looks to be targeting further key support in the 87.00 price [...]
Forex Technical Analysis (2010/07/09) AUD/USD Further Upside Potential
(Please click on the forex chart thumbnail to enlarge) 7/09/2010 Forex Technical Analysis (FXpath.com) – AUD/USD, a 4-hour chart of which is shown, has reached and consolidated just under critical resistance around the key 0.8780 price region as of Friday (7/09/2010) morning. This currency pair has been strongly bullish for this entire week after bouncing up [...]
Forex Technical Analysis (2010/07/08) USD/JPY Double Bottom Turn
(Please click on the forex chart thumbnail to enlarge) 7/08/2010 Forex Technical Analysis (FXpath.com) – USD/JPY, a 4-hour chart of which is shown, after establishing a solid double-bottom low in the very significant 87.00 support region, went on to breakout well above the equally significant 88.00 price region before pulling back to 88.00 and rising with [...]
