Forex Trading Technical Analysis (2011/10/17) USD/CHF Stalls Above Key Support within Uptrend
(Please click on the forex chart thumbnail to enlarge) 10/17/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Monday (10/17/2011) has stalled above key support in the 0.8900 price region, emphasizing this level as the current price region to watch for key events to occur. At the moment, that key event has [...]
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 (2011/09/15) 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 [...]
Forex Trading Technical Analysis (2011/08/02) Gold Reaches For Even Loftier Levels
(Please click on the forex chart thumbnail to enlarge) 8/02/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Tuesday (8/02/2011) has once again established yet a new all-time high, which has been occurring regularly for the past three weeks, this time around the 1640 price region. This occurs within the context of [...]
Forex Trading Technical Analysis (2011/08/01) AUD/USD Pulls Back Within Strong Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 8/01/2011 Forex Trading Technical Analysis (FXpath.com) – AUD/USD (daily chart) as of Monday (8/01/2011) has consolidated around the key 1.1000 psychological price region after making a tentative upside breakout last week to hit a new all-time high around 1.1078, surpassing the previous all-time high set in [...]
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 (2011/07/12) 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 (2011/07/07) 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 [...]
