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 (2011/03/07) USD/CHF Consolidates in Downtrend Near All-Time Low
(Please click on the forex chart thumbnail to enlarge) 3/07/2011 Forex Trading Technical Analysis (FXpath.com) - USD/CHF (a 4-hour chart of which is shown) as of Monday (3/07/2011) has continued its trading range consolidation within the context of a clear and strong bearish trend that has been in place for around a month. The current consolidation has prevailed for [...]
Forex Trading Technical Analysis (2011/03/01) EUR/USD Bumps Up Against Resistance
(Please click on the forex chart thumbnail to enlarge) 3/01/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Monday (3/01/2011) has stalled just under key resistance in the 1.3860 price region, which is the level of the significant high reached in early February. This close approach of resistance [...]
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 (2011/02/25) EUR/USD Retreats From Resistance
(Please click on the forex chart thumbnail to enlarge) 2/25/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (2/25/2011) has tentatively retreated after having approached resistance in the 1.3860 price region, which represents the significant high reached in early February. This occurs within the context of a [...]
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 (2011/01/28) USD/CHF Consolidates Within Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 1/28/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a 4-hour chart of which is shown) as of Friday (1/28/2011) has continued to trade above 0.9400 support as the pair consolidates in a trading range between this support level and the 0.9500 resistance level to the upside. This occurs within [...]
Spot Gold Technical Analysis (2011/01/26) Gold Drops to Key Support Confluence
(Please click on the forex chart thumbnail to enlarge) 1/26/2011 Spot Gold Technical Analysis (FXpath.com) – Gold (a daily chart of which is shown) as of Wednesday (1/26/2011) has descended to approach a confluence of key support within the context of a strong bearish trend that has been in place since the beginning of 2011. This support confluence includes [...]
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