Forex Trading Technical Analysis (2011/10/26) USD/JPY Hits New All-Time Low Within Bearish Trend Channel
(Please click on the forex chart thumbnail to enlarge) 10/26/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend channel that extends back to the early [...]
Forex Trading Technical Analysis (2011/09/29) AUD/USD Consolidates but Still Bearish
(Please click on the forex chart thumbnail to enlarge) 9/29/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (9/29/2011) has consolidated above key support in the 0.9700 price region. This occurs after price action dropped precipitously from its high just under 1.0800 in the beginning of the month. The month of [...]
Forex Trading Technical Analysis (2011/07/11) USD/JPY Breaks Down Rising Channel
(Please click on the forex chart thumbnail to enlarge) 7/11/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (7/11/2011) has broken down decisively below a rising channel that extends back to the early June low. This breakdown occurs after the bottom border of the channel was respected at the very end [...]
Forex Trading Technical Analysis (2011/07/08) USD/JPY Drop Traverses Bullish Channel
(Please click on the forex chart thumbnail to enlarge) 7/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Friday (7/08/2011) has been moving in a general consolidation framed by a slightly bullish channel. On the heels of the Non-Farm Payrolls report, price action dropped from the very top of this channel down [...]
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 [...]
Forex Trading Technical Analysis (2011/05/02) USD/CAD Hits New Long-Term Low
(Please click on the forex chart thumbnail to enlarge) 5/02/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown) as of Monday (5/02/2011) has established yet a new long-term 3+ year low at 0.9445 before rebounding back up to re-test prior support in the 0.9500 price region. This occurs within the context of [...]
Forex Trading Technical Analysis (2011/04/28) USD/CHF Hits New Lows, Targeting Further Downside
(Please click on the forex chart thumbnail to enlarge) 4/28/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (a daily chart of which is shown) as of Thursday (4/28/2011) has hit its downside support target just under 0.8700 and established yet a new all-time low yesterday at 0.8669. The 0.8700 target, in previously uncharted territory, was derived by [...]
Forex Trading Technical Analysis (2011/04/22) USD/CAD Near Long-Term Lows, Targeting Further Downside
(Please click on the forex chart thumbnail to enlarge) 4/22/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CAD (a daily chart of which is shown) as of Friday (4/22/2011) has established yet a new 3+ year low at 0.9453 before bouncing back up above key 0.9500 support. This occurs within the context of a strong and well-formed [...]
Forex Trading Technical Analysis (2011/03/25) EUR/GBP Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 3/25/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/GBP (a 4-hour chart of which is shown) as of Friday (3/25/2011) has consolidated just under 0.8800 after breaking out above 0.8760 resistance on Thursday. This occurs within the context of a very well-formed uptrend that has been in place since [...]
Forex Trading Technical Analysis (2011/02/14) USD/CHF Double-Top Within Bullish Channel
(Please click on the forex chart thumbnail to enlarge) 2/14/2011 Forex Trading Technical Analysis (FXpath.com) - USD/CHF (a 4-hour chart of which is shown) as of Monday (2/14/2011) has hit a double-top high just shy of 0.9780, establishing a one-month high in the process late last week, before retreating from this resistance on Monday. This occurs within the context of [...]
