Forex Trading Technical Analysis (2011/11/01) EUR/USD Bearish Correction of Bullish Correction
// (Please click on the forex chart thumbnail to enlarge) 11/01/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Tuesday (11/01/2011) has dropped precipitously since the beginning of this trading week from its high last week around key 1.4250 resistance (also the underside of the major uptrend support line extending from the [...]
Forex Trading Technical Analysis (2011/10/13) EUR/USD Turns Down From Resistance to Target Potential Bearish Continuation
(Please click on the forex chart thumbnail to enlarge) 10/13/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (10/13/2011) has turned down from key resistance in the 1.3830 price region. This occurs after more than a week of strongly bullish price action that has formed a significant bullish correction within the [...]
Forex Trading Technical Analysis (2011/09/30) EUR/USD Resumes Bearish Trend Bias
(Please click on the forex chart thumbnail to enlarge) 9/30/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Friday (9/30/2011) has begun a resumption of its bearish stance after making a bullish correction within the context of a strong and steep breakout downtrend. This new downtrend has its origins at the early [...]
Forex Trading Technical Analysis (2011/09/13) EUR/USD Bearishness Backs Off Support
(Please click on the forex chart thumbnail to enlarge) 9/13/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Tuesday (9/13/2011) has reached and respected key support in the important 1.3500 price region, a round number psychological level that has served well as previous support and resistance in the past. This support bounce [...]
Forex Trading Fundamental Analysis (2011/07/15) Dollar Recovers After Fed Suggests QE3 is Not Definite
(Please click on the chart to enlarge) 7/15/2011 Forex Trading Fundamental Analysis (FXpath.com) – In New York, the euro pared earlier gains and traded lower against the U.S. dollar after Federal Reserve Chairman, Ben Bernanke’s testimony weakened certainty that the U.S. economy will receive a third round of quantitative easing (QE). The U.S. dollar experienced [...]
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 (2011/07/11) EUR/USD Breaks Down Triangle to Approach Key 1.4000 Support
(Please click on the forex chart thumbnail to enlarge) 7/11/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Monday (7/11/2011) has continued its significant bearishness from last week by breaking down decisively below a large symmetrical triangle consolidation pattern that has been in place since the May 1.4940 high. This swift and [...]
Forex Trading Fundamental Analysis (2011/07/08) The Employment Situation
(Please click on the chart thumbnail to enlarge) 7/08/2011 Forex Trading Fundamental Analysis (FXpath.com) – The U.S. dollar initially tumbled against most of its major trading partners after the U.S. Bureau of Labor Statistics reported that U.S. businesses created a meager 18,000 jobs in June. This was the smallest increase in nine months and it [...]
Forex Trading Technical Analysis (2011/06/30) EUR/USD Reaches Up to Triangle Upper Border
(Please click on the forex chart thumbnail to enlarge) 6/30/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (6/30/2011) has reached up to hit the upper border of a large triangle consolidation pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. [...]
Forex Trading Technical Analysis (2011/06/29) EUR/USD Rises Towards 1.4500 Resistance
(Please click on the forex chart thumbnail to enlarge) 6/29/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Wednesday (6/29/2011) has consolidated in a triangle pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. Price action within this triangle has displayed a [...]
