Forex Trading Technical Analysis (2011/06/24) USD/CHF Remains Bearish Near All-Time Lows
(Please click on the forex chart thumbnail to enlarge) 6/24/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Friday (6/24/2011) has continued to consolidate near the all-time low of 0.8325 that was just established earlier this month. This occurs within the context of a long-term, medium-term, as well as short-term bearish trend [...]
Forex Trading Technical Analysis (2011/06/20) USD/CHF Turns Toward Bearish Trend Continuation
(Please click on the forex chart thumbnail to enlarge) 6/20/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Monday (6/20/2011) has completed yet another bullish retracement within the context of a steep bearish trend that has been in place for over a year, since the June 2010 1.1730 area high. This retracement [...]
Forex Trading Technical Analysis (2011/06/14) USD/CAD Breaks Down to Continue Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 6/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (daily chart) as of Tuesday (6/14/2011) has broken swiftly down to break below a rising parallel channel that represented a bullish correction within a long-term bearish trend. This breakdown has brought price down to hit key support around [...]
Forex Trading Technical Analysis (2010/06/08) USD/CHF Strongly Bearish, Due for Bullish Correction
(Please click on the forex chart thumbnail to enlarge) 6/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a daily chart of which is shown) as of Wednesday (6/08/2011) continues with a strongly bearish bias in line with the steep downtrend on multiple time frames. From a longer-term basis, price action has seen a clear and [...]
Forex Trading Technical Analysis (2011/06/06) USD/CAD Respects Bearish Trendline on Bullish Correction
(Please click on the forex chart thumbnail to enlarge) 6/06/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown) as of Monday (6/06/2011) has made a sustained bullish correction that has thus far respected a confluence of resistance that includes both a downtrend resistance line extending back to the October [...]
Forex Trading Technical Analysis (2011/05/12) EUR/CHF Leaning Toward Bearish Trend Continuation
(Please click on the forex chart thumbnail to enlarge) 5/12/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (a daily chart of which is shown) as of Thursday (5/12/2011) has begun to resume its bearish bias after price action re-tested key 1.2700 upside resistance earlier in the week. The 1.2700 level has recently been among the most important support/resistance pivot levels, and has served alternately as [...]
Forex Trading Technical Analysis (2011/05/03) GBP/JPY Drops to Critical 133.00 Support
(Please click on the forex chart thumbnail to enlarge) 5/03/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/JPY (a 4-hour chart of which is shown) as of Tuesday (5/03/2011) has declined substantially to hit key support in the important 133.00 price region, a level that has served exceptionally well as a support/resistance pivot point many times in the past. Having dropped to this [...]
Forex Trading Technical Analysis (2011/05/02) USD/CAD Hits New Long-Term Low
(Please click on the forex chart thumbnail to enlarge) 5/02/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown) as of Monday (5/02/2011) has established yet a new long-term 3+ year low at 0.9445 before rebounding back up to re-test prior support in the 0.9500 price region. This occurs within the context of [...]
Forex Trading Technical Analysis (2011/04/28) USD/CHF Hits New Lows, Targeting Further Downside
(Please click on the forex chart thumbnail to enlarge) 4/28/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a daily chart of which is shown) as of Thursday (4/28/2011) has hit its downside support target just under 0.8700 and established yet a new all-time low yesterday at 0.8669. The 0.8700 target, in previously uncharted territory, was derived by [...]
Forex Trading Technical Analysis (2011/04/22) USD/CAD Near Long-Term Lows, Targeting Further Downside
(Please click on the forex chart thumbnail to enlarge) 4/22/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown) as of Friday (4/22/2011) has established yet a new 3+ year low at 0.9453 before bouncing back up above key 0.9500 support. This occurs within the context of a strong and well-formed [...]
