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 (2011/10/12) Gold Struggles to Recover
(Please click on the forex chart thumbnail to enlarge) 10/12/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Wednesday (10/12/2011) has continued its struggle to recover from the precipitous drop that brought price down from its latest all-time high of 1920 in early September down to a low of 1532 in late [...]
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 Analysis (2011/09/26) USD/JPY Poised for Correction
(Please click on the forex chart thumbnail to enlarge) 9/26/2011 Forex Trading Analysis (FXpath.com) – Long term bets on U.S. dollar against the Japanese yen learned a valuable lesson after the close of U.S. trading session on March 16th, 2011. A historic 25-minute stop run which occurred after 5:00 p.m. EST had the U.S. dollar [...]
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 [...]
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 (2011/09/20) USD/CHF Turns Back Up to Target New Highs
(Please click on the forex chart thumbnail to enlarge) 9/20/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last week’s resistance test, price pulled back slightly in [...]
Forex Trading Technical Analysis (2011/09/15) Gold Extends Pullback within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 9/15/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Thursday (9/15/2011) has extended its pullback after hitting the latest all-time high of $1920 last week. The current bearish retracement is overdue, as the steep run-up from the early July low of $1477 was [...]
Talking Technicals with James Chen – Webinar Rebroadcast
Please click on the following link to view the rebroadcast of today’s Talking Technicals with James Chen. This webinar featured Forex Chart Pattern Trading. Please click here to access: https://www1.gotomeeting.com/register/978696225 .
Forex Trading Technical Analysis (2011/07/07) AUD/USD Resumes Bullish Stance after Triangle Breakout
(Please click on the forex chart thumbnail to enlarge) 7/07/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (7/07/2011) has resumed its bullish stance after breaking out above a key descending triangle consolidation pattern, hitting strong resistance around the 1.0780 price region, and then pulling back to 1.0650 support right around [...]
