Forex Trading Technical Analysis (2011/07/01) Gold Extends Bearish Correction to Key Support
(Please click on the forex chart thumbnail to enlarge) 7/01/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Friday (7/01/2011) has extended its bearish correction after breaking down below a steep uptrend support line extending from the January low, and then breaking down below key previous support around the 1512 price region. [...]
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 (2011/06/27) 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 [...]
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 (2011/06/16) GBP/USD Tentatively Breaks Down Longstanding Bullish Trend
(Please click on the forex chart thumbnail to enlarge) 6/16/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Thursday (6/16/2011) has made a tentative breakdown below a key uptrend support line extending back to the May 2010 lows. This breakdown is a key bearish event that, if sustained, could mean a bearish [...]
Forex Trading Technical Analysis (2011/06/15) GBP/USD Drops to Long-Term Trendline Support
(Please click on the forex chart thumbnail to enlarge) 6/15/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Wednesday (6/15/2011) has dropped significantly down to hit a key long-term uptrend support line extending back to the May 2010 lows. This occurs after price action respected a short-term downtrend resistance line extending back [...]
Spot Gold Technical Analysis (2011/06/13) Gold Due for Larger Correction
(Please click on the forex chart thumbnail to enlarge) 6/13/2011 Spot Gold Technical Analysis (FXpath.com) – Gold (daily chart) as of Monday (6/13/2011) has dropped back down to hit a key uptrend support line extending back to the January low around 1308. This occurs after price hit a high of 1553 one week ago, which [...]
Forex Trading Technical Analysis (2011/06/10) EUR/USD Third Consecutive Bearish Day
(Please click on the forex chart thumbnail to enlarge) 6/10/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Friday (6/10/2011) has continued its bearish stance of the last two days after attempting but failing to break 1.4700 to the upside earlier in the week. This continued bearishness [...]
Forex Trading Technical Analysis (2011/06/09) EUR/USD Breaks Down Uptrend
(Please click on the forex chart thumbnail to enlarge) 6/09/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (a daily chart of which is shown) as of Thursday (6/0 9/2011) has tentatively broken down below a confluence of two support factors — a key psychological support/resistance level at 1.4500 and a steep uptrend support line extending [...]
