Forex Trading Technical Analysis (2011/01/14) AUD/USD Drop After Parity Retrace
(Please click on the forex chart thumbnail to enlarge) 1/14/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Friday (1/14/2011) has once again resumed its bearish positioning after having broken down below a key parallel uptrend channel extending back to the June lows, and then retracing back up [...]
Forex Trading Technical Analysis (2011/01/11) AUD/USD Falls Off Uptrend Channel
(Please click on the forex chart thumbnail to enlarge) 1/11/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Tuesday (1/11/2011) has dropped to break down below a key parallel uptrend channel extending back to the June 2010 lows. This price drop follows on the heels of a significantly bearish [...]
Forex Trading Technical Analysis (2011/01/06) AUD/USD Drops to Trendline Support
(Please click on the forex chart thumbnail to enlarge) 1/06/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Thursday (1/06/2011) has reached down to approach the bottom border of a key parallel uptrend channel that extends back to the early June 2010 lows. This occurs after price established a new multi-decade [...]
Forex Trading Technical Analysis (2010/12/29) AUD/USD Reaches for Decades-Long High
(Please click on the forex chart thumbnail to enlarge) 12/29/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Wednesday (12/29/2010) has risen to approach the extremely long-term, decades-long high around 1.0180 that was just hit in early November. This bullishness occurs within the context of a clear [...]
Forex Trading Technical Analysis (2010/12/28) USD/JPY Continues Breakdown
(Please click on the forex chart thumbnail to enlarge) 12/28/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Tuesday (12/28/2010) has continued its bearish stance after breaking down swiftly below a key parallel uptrend channel last week, and then dropping further down to break below significant 83.00 [...]
Forex Trading Technical Analysis (2010/12/21) USD/JPY Uptrend Retracement
(Please click on the forex chart thumbnail to enlarge) 12/21/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Tuesday (12/21/2010) has retraced to support in the 83.50 price region, which is also close to approaching the lower border of a key parallel uptrend channel extending from the late October lows. [...]
Forex Trading Technical Analysis (2010/12/16) USD/JPY Pushing Higher
(Please click on the forex chart thumbnail to enlarge) 12/16/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Thursday (12/16/2010) has once again ascended to key resistance in the 84.40-84.50 price region. This occurs within the context of a well-formed parallel uptrend channel extending from the late October [...]
Spot Gold Technical Analysis (2010/12/15) Gold Still Shows Overall Bullish Bias
(Please click on the forex chart thumbnail to enlarge) 12/15/2010 Spot Gold Technical Analysis (FXpath.com) – Gold (a 4-hour chart of which is shown) as of Wednesday (12/15/2010) has continued to respect a parallel uptrend channel that extends back to the late July low. This channel represents accelerated bullishness within the larger context of a much longer term uptrend. Currently, [...]
Forex Trading Technical Analysis (2010/12/14) USD/JPY Adheres to Bullish Channel
(Please click on the forex chart thumbnail to enlarge) 12/14/2010 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Tuesday (12/14/2010) has once again respected the lower boundary of a parallel uptrend channel that extends back to the late October long-term low. Price action tested and respected this bullish support [...]
Forex Trading Technical Analysis (2010/12/13) AUD/USD Reaches Higher Within Uptrend
(Please click on the forex chart thumbnail to enlarge) 12/13/2010 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a 4-hour chart of which is shown) as of Monday (12/13/2010) has ascended once again to approach parity (1.0000) within the context of a steep parallel uptrend channel extending from the mid-year lows. From a chart pattern perspective, price action [...]
