Forex Trading Technical Analysis (2011/07/12) GBP/USD Leans Toward Further Overall Decline Despite Rebound
(Please click on the forex chart thumbnail to enlarge) 7/12/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Tuesday (7/12/2011) has dropped down to hit a key 38.2% Fibonacci retracement (of the May 2010 lows to the May 2011 highs) and also approached its 1.5750 downside support target, before making a significant [...]
Forex Trading Technical Analysis (2011/07/08) Gold Strength Caps Off Steeply Bullish Week
(Please click on the forex chart thumbnail to enlarge) 7/08/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Friday (7/08/2011) has strengthened substantially for yet another day to cap off an entire week of bullish days. This significant strengthening occurs after price bounced off a strong confluence of support around 1475, which [...]
Forex Trading Technical Analysis (2011/07/01) Gold Extends Bearish Correction to Key Support
(Please click on the forex chart thumbnail to enlarge) 7/01/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Friday (7/01/2011) has extended its bearish correction after breaking down below a steep uptrend support line extending from the January low, and then breaking down below key previous support around the 1512 price region. [...]
Forex Trading Technical Analysis (2011/06/30) EUR/USD Reaches Up to Triangle Upper Border
(Please click on the forex chart thumbnail to enlarge) 6/30/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (6/30/2011) has reached up to hit the upper border of a large triangle consolidation pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. [...]
Forex Trading Technical Analysis (2011/06/28) USD/CHF Hits New All-Time Low, Continues Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 6/28/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (6/28/2011) has hit a new all-time low, breaking down below the previous all-time low of 0.8325 that was just hit in early June. Having dipped below the 0.8300 figure, price action has tentatively [...]
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 (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 [...]
