Forex Trading Technical Analysis (2011/01/07) EUR/USD Bearish First Week of 2011
(Please click on the forex chart thumbnail to enlarge) 1/07/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (1/07/2011) on the heels of the Non-Farm Payrolls report dropped to a low of 1.2934, establishing a new 3-month low, before rebounding back up to waver around the key 1.3000 [...]
Forex Trading Technical Analysis (2011/01/03) EUR/USD Rangebound with Overall Bearish Bias
(Please click on the forex chart thumbnail to enlarge) 1/03/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Monday (1/03/2011) has been rangebound within an approximate 500 pip trading range since the 1.2970 low was hit about a month ago. Resistance on this range resides around the 1.3500 [...]
Forex Trading Technical Analysis (2010/11/08) USD/JPY Triangle Near Record Lows
(Please click on the forex chart thumbnail to enlarge) 11/08/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Monday (11/08/2010) has formed a converging triangle consolidation pattern near the all-time record low after having consolidated near the lows for the past several weeks. The 15-year low of 80.22, hit [...]
Forex Trading Technical Analysis (2010/11/02) AUD/USD Bulls Reign on Rate Hike
(Please click on the forex chart thumbnail to enlarge) 11/02/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/02/2010) has shot up to continue its entrenched uptrend on the heels of an unexpected interest rate hike by the Reserve Bank of Australia. This bullish move reached all [...]
Forex Trading Technical Analysis (2010/11/01) EUR/JPY At Resistance
(Please click on the forex chart thumbnail to enlarge) 11/01/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/JPY (daily chart) – Started this analysis over the weekend expecting price to move lower under the yellow support line. But after the Sunday market open the pair jumped higher, crossing for a brief time the red resistance line, [...]
Forex Trading Technical Analysis (2010/09/30) USD/CAD Waiting for Consolidation Breakout
(Please click on the forex chart thumbnail to enlarge) 9/30/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/30/2010) has been entrenched within a tight sideways consolidation between the 1.0200 and 1.0350 price regions for the past two weeks. This occurs within the context of a longer-term sideways [...]
Forex Trading Technical Analysis (2010/09/27) EUR/USD Consolidates Gains in Steep Uptrend
(Please click on the forex chart thumbnail to enlarge) 9/27/2010 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Monday (9/27/2010) has consolidated its substantial gains of last week by trading in a relatively tight range above the 1.3400 support/resistance level. This occurs within the context of both [...]
Forex Trading Technical Analysis (2010/09/09) USD/CAD Drops to Key Support
(Please click on the forex chart thumbnail to enlarge) 9/09/2010 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/09/2010) has dropped down to hit key support in the 1.0300 price region on continued bearishness off a swift drop from the 1.0500 area resistance. This occurs within the context [...]
Learn Forex – RSI as a Forex Trend Indicator
(Please click on the forex chart thumbnail to enlarge) Learn Forex (FXpath.com) – Many forex traders think of the Relative Strength Index (RSI) as just a simple chart oscillator that gives momentum readings of overbought/oversold conditions during trading ranges, as well as price-oscillator divergence indications. Actually, the RSI is somewhat more than that. One of [...]
Forex Trading Technical Analysis (2010/08/26) AUD/JPY Forms Clear Triangle
(Please click on the forex chart thumbnail to enlarge) 8/26/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/JPY (a daily chart of which is shown) as of Thursday (8/26/2010) has formed a large and clear triangle consolidation pattern bisected by a key support/resistance level at 76.00. This occurs after three weeks of general bearishness that dropped price [...]
