Forex Trading Technical Analysis (2011/06/24) USD/CHF Remains Bearish Near All-Time Lows
(Please click on the forex chart thumbnail to enlarge) 6/24/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Friday (6/24/2011) has continued to consolidate near the all-time low of 0.8325 that was just established earlier this month. This occurs within the context of a long-term, medium-term, as well as short-term bearish trend [...]
Forex Trading Technical Analysis (2011/06/20) USD/CHF Turns Toward Bearish Trend Continuation
(Please click on the forex chart thumbnail to enlarge) 6/20/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Monday (6/20/2011) has completed yet another bullish retracement within the context of a steep bearish trend that has been in place for over a year, since the June 2010 1.1730 area high. This retracement [...]
Forex Trading Technical Analysis (2011/06/14) USD/CAD Breaks Down to Continue Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 6/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (daily chart) as of Tuesday (6/14/2011) has broken swiftly down to break below a rising parallel channel that represented a bullish correction within a long-term bearish trend. This breakdown has brought price down to hit key support around [...]
Spot Gold Technical Analysis (2011/06/13) Gold Due for Larger Correction
(Please click on the forex chart thumbnail to enlarge) 6/13/2011 Spot Gold Technical Analysis (FXpath.com) – Gold (daily chart) as of Monday (6/13/2011) has dropped back down to hit a key uptrend support line extending back to the January low around 1308. This occurs after price hit a high of 1553 one week ago, which [...]
Forex Trading Technical Analysis (2010/06/08) USD/CHF Strongly Bearish, Due for Bullish Correction
(Please click on the forex chart thumbnail to enlarge) 6/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a daily chart of which is shown) as of Wednesday (6/08/2011) continues with a strongly bearish bias in line with the steep downtrend on multiple time frames. From a longer-term basis, price action has seen a clear and [...]
Forex Trading Technical Analysis (2011/06/06) USD/CAD Respects Bearish Trendline on Bullish Correction
(Please click on the forex chart thumbnail to enlarge) 6/06/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown) as of Monday (6/06/2011) has made a sustained bullish correction that has thus far respected a confluence of resistance that includes both a downtrend resistance line extending back to the October [...]
Forex Trading Technical Analysis (2011/05/19) GBP/USD Continues Weakness, Targets Further Downside
(Please click on the forex chart thumbnail to enlarge) 5/19/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (a daily chart of which is shown) as of Thursday (5/19/2011) has continued its strongly bearish bias that has been in place since the beginning of May, when price turned down from its long-term high just under the 1.6750 region. After retreating from that high [...]
Forex Trading Technical Analysis (2011/05/12) EUR/CHF Leaning Toward Bearish Trend Continuation
(Please click on the forex chart thumbnail to enlarge) 5/12/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (a daily chart of which is shown) as of Thursday (5/12/2011) has begun to resume its bearish bias after price action re-tested key 1.2700 upside resistance earlier in the week. The 1.2700 level has recently been among the most important support/resistance pivot levels, and has served alternately as [...]
Spot Silver Technical Analysis (2011/05/05) Silver’s Precipitous Fall
(Please click on the silver chart thumbnail to enlarge) 5/05/2011 Spot Silver Technical Analysis (FXpath.com) – Silver (a daily chart of which is shown) as of Thursday (5/05/2011) has dropped precipitously for five consecutive days from near its $50 area all-time high to hit a low just above $35. This deep correction follows a steep run-up that was in place [...]
Forex Trading Technical Analysis (2011/04/29) EUR/USD Reaches Further to the Upside, Targets Higher Highs
(Please click on the forex chart thumbnail to enlarge) 4/29/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or retracement since breaking out above the 1.4500 prior resistance level last week. This continued upside surge [...]
