Forex Trading Technical Analysis (2011/09/13) EUR/USD Bearishness Backs Off Support
(Please click on the forex chart thumbnail to enlarge) 9/13/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Tuesday (9/13/2011) has reached and respected key support in the important 1.3500 price region, a round number psychological level that has served well as previous support and resistance in the past. This support bounce [...]
Forex Trading Technical Analysis (2011/08/08) USD/JPY Drops Further, Continued Intervention Consideration
(Please click on the forex chart thumbnail to enlarge) 8/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (8/08/2011) has continued its steady, yen-strengthening fall after spiking late last week to a high of 80.22 on the heels of intervention by the Bank of Japan. This yen re-strengthening after the central [...]
Forex Trading Technical Analysis (2011/07/12) GBP/USD Leans Toward Further Overall Decline Despite Rebound
(Please click on the forex chart thumbnail to enlarge) 7/12/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Tuesday (7/12/2011) has dropped down to hit a key 38.2% Fibonacci retracement (of the May 2010 lows to the May 2011 highs) and also approached its 1.5750 downside support target, before making a significant [...]
Forex Trading Technical Analysis (2011/07/11) EUR/USD Breaks Down Triangle to Approach Key 1.4000 Support
(Please click on the forex chart thumbnail to enlarge) 7/11/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Monday (7/11/2011) has continued its significant bearishness from last week by breaking down decisively below a large symmetrical triangle consolidation pattern that has been in place since the May 1.4940 high. This swift and [...]
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 (2011/07/07) AUD/USD Resumes Bullish Stance after Triangle Breakout
(Please click on the forex chart thumbnail to enlarge) 7/07/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (7/07/2011) has resumed its bullish stance after breaking out above a key descending triangle consolidation pattern, hitting strong resistance around the 1.0780 price region, and then pulling back to 1.0650 support right around [...]
Forex Trading Technical Analysis (2011/07/06) Gold Bounces High Off Support, Targets Record Levels After Correction
(Please click on the forex chart thumbnail to enlarge) 7/06/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Wednesday (7/06/2011) has made an exceptionally pronounced bounce off a key confluence of support around both the 1475 support region and the 100-period simple moving average. This high bounce has prompted a recovery of [...]
Forex Trading Technical Analysis (2011/06/30) AUD/USD Bullish Surge Breaks Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/30/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Thursday (6/30/2011) has continued its upside momentum after yesterday’s bullish breakout above a clear descending triangle consolidation pattern. This triangle breakout occurs within the context of a long-term, year-long bullish trend that extends back [...]
Forex Trading Technical Analysis (2011/06/28) USD/CHF Hits New All-Time Low, Continues Bearish Trend
(Please click on the forex chart thumbnail to enlarge) 6/28/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Tuesday (6/28/2011) has hit a new all-time low, breaking down below the previous all-time low of 0.8325 that was just hit in early June. Having dipped below the 0.8300 figure, price action has tentatively [...]
Forex Trading Technical Analysis (2011/06/27) Gold Furthers Bearish Correction Off Trendline Breakdown
(Please click on the forex chart thumbnail to enlarge) 6/27/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Monday (6/27/2011) has continued the bearish correction that was prompted on the breakdown below the steep bullish support trendline extending back to the January low just above 1300. This occurs within the context of [...]
