FX Path

Forex Trading Technical Analysis (2011/11/01) EUR/USD Bearish Correction of Bullish Correction

FX Path — Tue, 01 Nov 2011 16:12:30 +0000

(Please click on the forex chart thumbnail to enlarge) 11/01/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Tuesday (11/01/2011) has dropped precipitously since the beginning of this trading week from its high last week around key 1.4250 resistance (also the underside of the major uptrend support line...

Forex Trading Technical Analysis (2011/10/31) EUR/CHF Continues Bearish Downturn Within Long-Term Downtrend

FX Path — Mon, 31 Oct 2011 15:45:05 +0000

(Please click on the forex chart thumbnail to enlarge) 10/31/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (daily chart) as of Monday (10/31/2011) has continued its fall towards the significant 1.2000 psychological support level after having turned down two weeks ago from an important long-term downtrend resistance line...

Forex Trading Technical Analysis (2011/10/27) USD/CHF Follows Through on Head-and-Shoulders Pattern Breakdown

FX Path — Thu, 27 Oct 2011 15:43:21 +0000

(Please click on the forex chart thumbnail to enlarge) 10/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/CHF (daily chart) as of Thursday (10/27/2011) has extended its fall substantially after breaking the neckline of a well-formed head-and-shoulders reversal pattern. Thursday’s price action saw the pair drop more than 200 pips...

Forex Trading Technical Analysis (2011/10/26) USD/JPY Hits New All-Time Low Within Bearish Trend Channel

FX Path — Wed, 26 Oct 2011 16:14:07 +0000

(Please click on the forex chart thumbnail to enlarge) 10/26/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend channel that extends back to the...

Forex Trading Technical Analysis (2011/10/24) GBP/USD Hits Key 1.6000 Resistance

FX Path — Mon, 24 Oct 2011 17:21:08 +0000

(Please click on the forex chart thumbnail to enlarge) 10/24/2011 Forex Trading Technical Analysis (FXpath.com) – GBP/USD (daily chart) as of Monday (10/24/2011) has extended its rise up to the key 1.6000 psychological resistance level before backing off slightly. This occurs within the context of a steep bullish correction that began after...

Forex Trading Technical Analysis (2011/10/20) EUR/CHF Turns Down from Resistance Confluence

FX Path — Thu, 20 Oct 2011 16:14:23 +0000

(Please click on the forex chart thumbnail to enlarge) 10/20/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/CHF (daily chart) as of Thursday (10/20/2011) has hit and tentatively respected a key resistance confluence that includes both a long-term descending resistance trend line extending back almost two years, and a key...

Forex Trading Technical Analysis (2011/10/18) Gold Makes Tentative Breakdown Move

FX Path — Tue, 18 Oct 2011 15:03:12 +0000

(Please click on the forex chart thumbnail to enlarge) 10/18/2011 Forex Trading Technical Analysis (FXpath.com) – Gold (daily chart) as of Tuesday (10/18/2011) has made a pronounced drop below its wedge pattern consolidation, which hints at a potential continuation of the bearish run that originated from the early September all-time high...

Forex Trading Technical Analysis (2011/10/17) USD/CHF Stalls Above Key Support within Uptrend

FX Path — Mon, 17 Oct 2011 18:06:11 +0000

(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 [...]

James Chen Forex Trading Seminar at the Traders Expo Las Vegas

FX Path — Mon, 17 Oct 2011 16:49:57 +0000

James Chen will be giving a free forex trading seminar on trend trading at the Traders Expo Las Vegas, Nov. 17, 2011. It will be an information-packed session where you will learn one of the highest-probability approaches to trading the forex market. For more details, please click on the following link: http://bit.ly/qyJZZ2 .

Forex Trading Technical Analysis (2011/10/13) EUR/USD Turns Down From Resistance to Target Potential Bearish Continuation

FX Path — Thu, 13 Oct 2011 16:36:07 +0000

(Please click on the forex chart thumbnail to enlarge) 10/13/2011 Forex Trading Technical Analysis (FXpath.com) – EUR/USD (daily chart) as of Thursday (10/13/2011) has turned down from key resistance in the 1.3830 price region. This occurs after more than a week of strongly bullish price action that has formed a significant bullish...