Forex Trading Technical Analysis (2011/04/27) GBP/USD Approaches Key 1.6600 Resistance
(Please click on the forex chart thumbnail to enlarge) 4/27/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Wednesday (4/27/2011) has risen to approach key resistance around the 1.6600 price region before pulling back, after coming very close to hitting that level late last week. This occurs within the context of both [...]
Forex Trading Technical Analysis (2011/03/22) GBP/USD Breaks Out to Near 14-Month High
(Please click on the forex chart thumbnail to enlarge) 3/22/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Tuesday (3/22/2011) has broken out to the upside to hit a new long-term high around 1.6400, nearly a 14-month high for this currency pair, also breaking the trading range consolidation [...]
Forex Trading Technical Analysis (3/14/2011) GBP/USD Bounces Off Key Support
(Please click on the forex chart thumbnail to enlarge) 3/14/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Monday (3/14/2011) has once again bounced off support in the key 1.6000 support region. This price area is also the 38.2% Fibonacci retracement of the most recent major bullish trend [...]
Forex Trading Technical Analysis (2011/02/28) GBP/USD Rises Towards Another Resistance Retest
(Please click on the forex chart thumbnail to enlarge) 2/28/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Monday (2/28/2011) has continued its rangebound consolidation, roughly trading between key support around 1.6000 and key resistance around 1.6300, that has been in place since the beginning of the month. [...]
Forex Trading Technical Analysis (2011/02/09) GBP/USD Potential Weakness
(Please click on the forex chart thumbnail to enlarge) 2/09/2011 Forex Trading Technical Analysis (FXpath.com) – Cable recently hit a long term down-sloping resistance line (magenta line on the attached GBP/USD daily chart) that connects the August 5th swing high with the November 16th high, both in 2009. The pair has traded below this line [...]
Forex Trading Technical Analysis (2011/02/08) GBP/USD Retreats from Double-Top High
(Please click on the forex chart thumbnail to enlarge) 2/08/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Tuesday (2/08/2011) has dropped off considerably to approach the key 1.6000 psychological support level. This occurs within the context of an uptrend that has been in place since the beginning [...]
Forex Trading Technical Analysis (2011/02/03) GBP/USD Retreats from Resistance Ceiling
(Please click on the forex chart thumbnail to enlarge) 2/03/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Thursday (2/03/2011) has retreated after closely approaching the 1.6297 resistance high hit in early November, missing that upside target by just around 20 pips. After hitting a 1.6276 high in early Thursday trading, establishing [...]
Forex Trading Technical Analysis (2011/01/31) GBP/USD Reaches for Resistance
(Please click on the forex chart thumbnail to enlarge) 1/31/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Monday (1/31/2011) has made a significant bullish push, reaching up once again to break tentatively above key psychological resistance around the 1.6000 price region. This occurs in the midst [...]
Forex Trading Technical Analysis (2011/01/19) GBP/USD Attempts Move Above 1.6000
(Please click on the forex chart thumbnail to enlarge) 1/19/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Wednesday (1/19/2011) has continued its consistently and dramatically bullish stance that has been in place since the beginning of the year. During the course of this bullishness, price action launched off its [...]
Forex Trading Technical Analysis (2011/01/14) Currency Strength/Weakness Meter
1/14/2011 Forex Trading Technical Analysis (FXpath.com) – Here are the strongest and weakest major currencies for this past week (January 10-14, 2011), based upon relative percentage price change against each other from the beginning of this past trading week to the end of the week. This information can be used to identify possible trends and [...]
