Forex Trading Fundamental Analysis (2011/07/15) Dollar Recovers After Fed Suggests QE3 is Not Definite
(Please click on the chart to enlarge) 7/15/2011 Forex Trading Fundamental Analysis (FXpath.com) – In New York, the euro pared earlier gains and traded lower against the U.S. dollar after Federal Reserve Chairman, Ben Bernanke’s testimony weakened certainty that the U.S. economy will receive a third round of quantitative easing (QE). The U.S. dollar experienced [...]
Forex Trading Technical Analysis (2011/07/15) EUR/USD Resumes Bearish Stance after Bullish Correction
(Please click on the forex chart thumbnail to enlarge) 7/15/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Friday (7/15/2011) has once again resumed its bearish stance after making a bullish correction up to 1.4280, which was the level of the 100-period simple moving average. That bullish correction occurred after price action [...]
Forex Trading Technical Analysis (2011/07/13) AUD/USD Rises to Retest Key Resistance
(Please click on the forex chart thumbnail to enlarge) 7/13/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Wednesday (7/13/2011) has once again approached a retest of key resistance around the 1.0770-1.0790 price region, which has already been tested and respected twice in the month of July. This resistance also represents the [...]
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 (2011/07/07) 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 (2011/07/05) EUR/JPY Breaks Out, Eyes Higher Levels
(Please click on the forex chart thumbnail to enlarge) 7/05/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/JPY (daily chart) as of Tuesday (7/05/2011) has tentatively broken out above a descending resistance trendline extending back to the April 123.30 high. This trendline is part of a descending triangle consolidation pattern. The current pattern breakout occurs after [...]
Forex Trading Technical Analysis (2011/06/30) EUR/USD Reaches Up to Triangle Upper Border
(Please click on the forex chart thumbnail to enlarge) 6/30/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (6/30/2011) has reached up to hit the upper border of a large triangle consolidation pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. [...]
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 (2011/06/29) EUR/USD Rises Towards 1.4500 Resistance
(Please click on the forex chart thumbnail to enlarge) 6/29/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Wednesday (6/29/2011) has consolidated in a triangle pattern with its high at the early May 1.4940 high and its low at the late May 1.3970 low. Price action within this triangle has displayed a [...]
Forex Trading Technical Analysis (2011/06/27) USD/JPY Pushes to the Upside
(Please click on the forex chart thumbnail to enlarge) 6/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (6/27/2011) has broken out of a symmetrical triangle consolidation pattern extending back to the end-of-May high, which resides within a larger consolidation that has been in place for the last two months. The [...]
