Forex Trading Technical Analysis (2011/10/31) EUR/CHF Continues Bearish Downturn Within Long-Term Downtrend
(Please click on the forex chart thumbnail to enlarge) 10/31/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (daily chart) as of Monday (10/31/2011) has continued its fall towards the significant 1.2000 psychological support level after having turned down two weeks ago from an important long-term downtrend resistance line extending from the December 2009 high and [...]
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 (2011/10/24) GBP/USD Hits Key 1.6000 Resistance
(Please click on the forex chart thumbnail to enlarge) 10/24/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/24/2011) has extended its rise up to the key 1.6000 psychological resistance level before backing off slightly. This occurs within the context of a steep bullish correction that began after price hit its [...]
Forex Trading Technical Analysis (2011/10/20) EUR/CHF Turns Down from Resistance Confluence
(Please click on the forex chart thumbnail to enlarge) 10/20/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (daily chart) as of Thursday (10/20/2011) has hit and tentatively respected a key resistance confluence that includes both a long-term descending resistance trend line extending back almost two years, and a key support/resistance line at the important 1.2400 [...]
Forex Trading Technical Analysis (2011/10/05) USD/CHF New Bullish Trend Targets Higher Highs
(Please click on the forex chart thumbnail to enlarge) 10/05/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Wednesday (10/05/2011) has continued to display a strong bullish bias in line with the new bullish trend that has been in place since the prior long-term downtrend was broken to the upside in early [...]
Forex Trading Technical Analysis (2011/10/03) GBP/USD Targets Downtrend Continuation
(Please click on the forex chart thumbnail to enlarge) 10/03/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/03/2011) has resumed its strongly bearish bias within the context of a steep downtrend that has been in place for more than two months since the late August 1.6616 high. This downtrend established [...]
Forex Trading Technical Analysis (2011/09/27) USD/CHF Pulls Back within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 9/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (9/27/2011) has pulled back yet again in what is turning out to resemble a well-formed bullish trend characterized by strong breakouts to the upside interspersed with bearish pullbacks, or retracements. If price action [...]
Forex Trading Technical Analysis (2011/09/20) USD/CHF Turns Back Up to Target New Highs
(Please click on the forex chart thumbnail to enlarge) 9/20/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last week’s resistance test, price pulled back slightly in [...]
Forex Trading Technical Analysis (2011/09/19) GBP/USD Bearishness Targeting 1.55 Downside to Further Downtrend
(Please click on the forex chart thumbnail to enlarge) 9/19/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (9/19/2011) has continued its dramatic overall bearishness of the last several weeks by making a significant breakdown below key 1.5750 area support. This breakdown caps off a full month of steeply bearish price [...]
Forex Trading Technical Analysis (2011/09/15) Gold Extends Pullback within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 9/15/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Thursday (9/15/2011) has extended its pullback after hitting the latest all-time high of $1920 last week. The current bearish retracement is overdue, as the steep run-up from the early July low of $1477 was [...]
