Forex Trading Technical Analysis (2011/09/22) GBP/USD Continues Dramatic Plummet
(Please click on the forex chart thumbnail to enlarge) 9/22/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Thursday (9/22/2011) has continued its dramatic plummet since Wednesday, extending the sharp bearish trend that has been in place since the mid-August 1.6616 high. The current drop has brought price down to hit and [...]
Forex Trading Technical Analysis (2011/09/19) GBP/USD Bearishness Targeting 1.55 Downside to Further Downtrend
(Please click on the forex chart thumbnail to enlarge) 9/19/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (9/19/2011) has continued its dramatic overall bearishness of the last several weeks by making a significant breakdown below key 1.5750 area support. This breakdown caps off a full month of steeply bearish price [...]
Forex Trading Technical Analysis (2011/08/08) USD/JPY Drops Further, Continued Intervention Consideration
(Please click on the forex chart thumbnail to enlarge) 8/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (8/08/2011) has continued its steady, yen-strengthening fall after spiking late last week to a high of 80.22 on the heels of intervention by the Bank of Japan. This yen re-strengthening after the central [...]
Forex Trading Technical Analysis (2011/08/05) Aussie Breakdown
(Please click on the forex chart thumbnail to enlarge) 8/05/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Friday (8/05/2011) has dropped precipitously this week and has reached down to dip tentatively below key support around the important 1.0400 support/resistance price region. This occurs after price action hit a new all-time high [...]
Forex Trading Technical Analysis (2011/08/04) USD/JPY Spikes then Pulls Back on Intervention
(Please click on the forex chart thumbnail to enlarge) 8/04/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Thursday (8/04/2011) jumped more than three big figures to poke above the key 80.00 psychological level on the heels of BOJ intervention, before pulling back and settling around the 79.00 price region. This rather [...]
Forex Trading Technical Analysis (2011/08/02) Gold Reaches For Even Loftier Levels
(Please click on the forex chart thumbnail to enlarge) 8/02/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Tuesday (8/02/2011) has once again established yet a new all-time high, which has been occurring regularly for the past three weeks, this time around the 1640 price region. This occurs within the context of [...]
Forex Trading Technical Analysis (2011/08/01) AUD/USD Pulls Back Within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 8/01/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Monday (8/01/2011) has consolidated around the key 1.1000 psychological price region after making a tentative upside breakout last week to hit a new all-time high around 1.1078, surpassing the previous all-time high set in [...]
Forex Trading Technical Analysis (2011/07/29) USD/CHF New All-Time Low, Pushing Lower
(Please click on the forex chart thumbnail to enlarge) 7/29/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Friday (7/29/2011) has established yet a new all-time low, this time breaking below the 0.7900 level for the first time. This breakdown occurs within the context of a remarkably strong and technically-behaving long-term, medium-term, [...]
Forex Trading Technical Analysis (2011/07/14) USD/JPY Consolidates During Bearish Onslaught
(Please click on the forex chart thumbnail to enlarge) 7/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Thursday (7/14/2011) has entered into a consolidation after having broken down decisively below the key 79.50 previous support region (now resistance). The breakdown below 79.50, which was the region of the significant May low, [...]
Forex Trading Technical Analysis (2011/07/13) AUD/USD Rises to Retest Key Resistance
(Please click on the forex chart thumbnail to enlarge) 7/13/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Wednesday (7/13/2011) has once again approached a retest of key resistance around the 1.0770-1.0790 price region, which has already been tested and respected twice in the month of July. This resistance also represents the [...]
