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 (2011/10/26) USD/JPY Hits New All-Time Low Within Bearish Trend Channel
(Please click on the forex chart thumbnail to enlarge) 10/26/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend channel that extends back to the early [...]
Forex Trading Technical Analysis (2011/10/24) GBP/USD Hits Key 1.6000 Resistance
(Please click on the forex chart thumbnail to enlarge) 10/24/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/24/2011) has extended its rise up to the key 1.6000 psychological resistance level before backing off slightly. This occurs within the context of a steep bullish correction that began after price hit its [...]
Forex Trading Technical Analysis (2011/10/18) Gold Makes Tentative Breakdown Move
(Please click on the forex chart thumbnail to enlarge) 10/18/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Tuesday (10/18/2011) has made a pronounced drop below its wedge pattern consolidation, which hints at a potential continuation of the bearish run that originated from the early September all-time high around 1920. This wedge [...]
Forex Trading Technical Analysis (2011/10/05) USD/CHF New Bullish Trend Targets Higher Highs
(Please click on the forex chart thumbnail to enlarge) 10/05/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Wednesday (10/05/2011) has continued to display a strong bullish bias in line with the new bullish trend that has been in place since the prior long-term downtrend was broken to the upside in early [...]
Forex Trading Technical Analysis (2011/10/04) AUD/USD Drops to Key Support Target, Continued Bearish Bias
(Please click on the forex chart thumbnail to enlarge) 10/04/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Tuesday (10/04/2011) has dropped down to a key support target in the 0.9400 price region after five consecutive bearish days that brought the pair plummeting down from its correction highs near parity (1.0000). This [...]
Forex Trading Technical Analysis (2011/10/03) GBP/USD Targets Downtrend Continuation
(Please click on the forex chart thumbnail to enlarge) 10/03/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/03/2011) has resumed its strongly bearish bias within the context of a steep downtrend that has been in place for more than two months since the late August 1.6616 high. This downtrend established [...]
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 (2011/09/29) AUD/USD Consolidates but Still Bearish
(Please click on the forex chart thumbnail to enlarge) 9/29/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (9/29/2011) has consolidated above key support in the 0.9700 price region. This occurs after price action dropped precipitously from its high just under 1.0800 in the beginning of the month. The month of [...]
Forex Trading Technical Analysis (2011/09/23) AUD/USD Backs Off Support, Continued Bearish Bias
(Please click on the forex chart thumbnail to enlarge) 9/23/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Friday (9/23/2011) has backed off key support around the 0.9700 price region after having broken swiftly and strongly below prior key support around parity (1.0000). Friday’s price action rose up above 0.9800 from its [...]
