Forex Trading Technical Analysis (2011/06/21) AUD/USD Upside Pressure Looks to Break Triangle Pattern Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/21/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Tuesday (6/21/2011) has continued to languish within a large consolidation represented by a symmetrical triangle pattern formation. This converging consolidation has been forming since the all-time high of 1.1010 was hit in early May. [...]
Forex Trading Technical Analysis (2011/06/17) AUD/USD Seeks Break of Triangle Pattern Consolidation
(Please click on the forex chart thumbnail to enlarge) 6/17/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Friday (6/17/2011) has consolidated into a large triangle pattern after descending along a bearish resistance trend line extending back to the all-time 1.1010 high hit in early May. The bottom border of the triangle [...]
Forex Trading Technical Analysis (2011/03/16) AUD/USD Breakdown Momentum
(Please click on the forex chart thumbnail to enlarge) 3/16/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Wednesday (3/16/2011) has dropped down to approach its key support target in the 0.9800 price region before rebounding. This occurs on a breakdown below a triangle consolidation pattern extending from the long-term [...]
Forex Trading Technical Analysis (2011/3/15) USD/JPY Triangle Breakdown to Approach Extreme Lows
(Please click on the forex chart thumbnail to enlarge) 3/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a daily chart of which is shown) as of Tuesday (3/15/2011) has dropped substantially to breakdown decisively below a triangle consolidation pattern that has been in place since the 80.20 area low, which represents the 15-year low that [...]
Forex Trading Technical Analysis (2011/03/10) AUD/USD Tentative Triangle Breakdown
(Please click on the forex chart thumbnail to enlarge) 3/10/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (a daily chart of which is shown) as of Wednesday (3/10/2011) has tentatively broken down below a key triangle consolidation pattern that extends back to the 1.0250 area long-term high that was hit at the very end of 2010. This [...]
Forex Trading Technical Analysis (2011/03/03) USD/JPY Extended Triangle
(Please click on the forex chart thumbnail to enlarge) 3/03/2011 Forex Trading Technical Analysis (FXpath.com) - USD/JPY (a daily chart of which is shown) as of Thursday (3/03/2011) has bounced off the bottom of a large extended triangle formation originating from the early November 15-year low around 80.20. The current bounce further extends the already prolonged consolidation that has characterized this [...]
Forex Trading Technical Analysis (2011/02/24) AUD/USD Triangle Pattern Prevails
(Please click on the forex chart thumbnail to enlarge) 2/24/2011 Forex Trading Technical Analysis (FXpath.com) - AUD/USD (a daily chart of which is shown) as of Thursday (2/24/2011) has extended a triangle consolidation pattern that has been in place since the 1.0250 long-term high was hit at the very end of 2010. This triangle pattern is clearly [...]
Forex Trading Technical Analysis (2011/02/20) – AUD/USD Triangle Waiting for Bullish Break – Elliott Wave
(Please click on the forex chart thumbnail to enlarge) 2/20/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) – On the AUD/USD daily chart we can see a very clear impulsive bullish trend which is still incomplete. The pair should potentially be headed even higher, as the prices formed only a 3-wave move into [...]
Forex Trading Technical Analysis (2011/02/16) USD/JPY Targets Further Upside
(Please click on the forex chart thumbnail to enlarge) 2/16/2011 Forex Trading Technical Analysis (FXpath.com) - USD/JPY (a daily chart of which is shown) as of Wednesday (2/16/2011) has continued its rise after breaking out above a clear triangle consolidation stemming from the early November long-term low, and then subsequently breaking out above the 83.00 resistance level. After [...]
Forex Trading Technical Analysis (2011/02/10) USD/JPY Triangle Break
(Please click on the forex chart thumbnail to enlarge) 2/10/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a daily chart of which is shown) as of Thursday (2/10/2011) has tentatively broken out above a triangle consolidation pattern that has been in place since the 80.20 long-term low extreme hit in early November 2010. This break to the upside has [...]
