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 (2011/02/16) 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 [...]
Forex Trading Technical Analysis (2011/02/02) USD/JPY Continues Triangle Consolidation Near Record Lows
(Please click on the forex chart thumbnail to enlarge) 2/02/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a daily chart of which is shown) as of Wednesday (2/02/2011) has continued its converging triangle consolidation that has been in place since the 80.20 15-year low was hit in early November. Having just bounced up slightly off the bottom of the triangle, price [...]
Forex Trading Technical Analysis (2011/01/27) USD/JPY Rises to Triangle Border
(Please click on the forex chart thumbnail to enlarge) 1/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a daily chart of which is shown) as of Thursday (1/27/2011) has once again ascended to 83.00 resistance within the context of a triangle pattern that has been in place since the 80.20 extreme low was hit in early November. Currently [...]
Forex Trading Technical Analysis (2011/01/24) USD/JPY Near Triangle Top
(Please click on the forex chart thumbnail to enlarge) 1/24/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a daily chart of which is shown) as of Monday (1/24/2011) has once again reached towards the top of a triangle consolidation that has been in place since the low extreme around 80.20 was hit in early November. Currently just [...]
Forex Trading Technical Analysis (2011/01/17) USD/JPY Bullish Flag Pattern
(Please click on the forex chart thumbnail to enlarge) 1/17/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Monday (1/17/2011) has consolidated into a flag-like retracement consolidation that ultimately should be bullish on an upside breakout of the pattern. After price action hit a high around 83.70 in the first [...]
Forex Trading Technical Analysis (2011/01/14) Currency Strength/Weakness Meter
1/14/2011 Forex Trading Technical Analysis (FXpath.com) – Here are the strongest and weakest major currencies for this past week (January 10-14, 2011), based upon relative percentage price change against each other from the beginning of this past trading week to the end of the week. This information can be used to identify possible trends and [...]
Forex Trading Technical Analysis (2011/01/11) USD/JPY Remains Bullish Off Retracement
(Please click on the forex chart thumbnail to enlarge) 1/11/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a 4-hour chart of which is shown) as of Tuesday (1/11/2011) has climbed once again to approach the 83.70 high that was reached late last week after a rapid bullish ascent was launched off the New Year’s lows just below 81.00 [...]
Forex Trading Technical Analysis (2011/01/07) Currency Strength/Weakness Meter
1/07/2011 Forex Trading Technical Analysis (FXpath.com) – Here are the strongest and weakest major currencies for this past week (January 3-7, 2011), based upon relative percentage price change against each other from the beginning of this past trading week to the end of the week. This information can be used to identify possible trends and [...]
