Filtred by: technical remove filter
GBP/USD Continues Downtrend with Fresh 6-Week Low
FX Path 2010-09-07 15:41:39
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Attachment 30089 GBP/USD (a 4-hour chart of which is shown) as of Tuesday (9/07/2010) has tentatively broken down below the previous major low of 1.5325 hit in late August to establish a new 6-week low just below 1.5300. This occurs within the context of a new potential downtrend extending back to mid-August. For more GBP/USD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
Key Forex Technical Trading Levels
FX Path 2010-09-05 16:26:49
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Here are some key forex support and resistance levels for the upcoming trading week. These technical levels are price areas/regions that forex traders should be paying close attention to, and around which significant technical trading events could likely occur. For the key forex technical trading levels, please click here. James Chen, CTA, CMT
Currency Strength/Weakness Meter
FX Path 2010-09-04 02:04:24
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Here are the strongest and weakest major currencies for the past week (August 30 September 03, 2010), 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 potential pairings of the currencies. The list is ordered from strongest (best performing) to weakest (worst performing). Click here for the Currency Strength/Weakness Meter. James Chen, CTA, CMT
USD/JPY Double Bottom During Downtrend
FX Path 2010-09-02 20:13:42
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30086 USD/JPY (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has formed an approximate double-bottom low in the 83.60 price region. This occurs within the context of a strong and continuing downtrend extending from the early June high. This downtrend is currently still valid, despite the false break to the upside late last week. For more USD/JPY forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
USD/CAD Settles Above Support
FX Path 2010-09-02 15:59:19
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30085 USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occurs within the context of a short-term parallel uptrend channel extending from the early August low. For more USD/CAD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
AUD/USD Breaks Out
FX Path 2010-09-01 18:17:01
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30082 AUD/USD (a 4-hour chart of which is shown) as of Wednesday (9/01/2010) has broken out above several resistance levels, establishing a new 3-week high in the process. This occurs after price action broke out above an important parallel downtrend channel last week, corrected back down to re-test key 0.8850 area support as well as the top border of the broken downtrend channel, and then shot up from that support base. For more AUD/USD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
USD/CAD Hits Key Resistance
FX Path 2010-08-31 19:57:39
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30078 USD/CAD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has hit a key resistance level in the 1.0670 price region, a level that has been reached and respected several times in the recent past. This occurs after price made a pronounced bullish bounce up off 1.0470 region support on Monday. For more USD/CAD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
GBP/USD Potentially Targets 1.5200 Downside
FX Path 2010-08-31 14:57:12
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30075 GBP/USD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has dropped to approach support in the 1.5350 price region. This occurs within the context of a relatively choppy descent from the 6-month high just under 1.6000 reached in early August. This descent has formed a clear downtrend resistance line. For more GBP/USD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
EUR/CHF On Brink of All-Time Low
FX Path 2010-08-30 19:19:02
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30074 EUR/CHF (a 4-hour chart of which is shown) as of Monday (8/30/2010) has descended to re-approach the all-time low of 1.2970 that was established just last week. This occurs within the context of an overall long-term downtrend for the pair that has been in place for almost three years. For more EUR/CHF forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
GBP/JPY Pulls Back Up then Drops
FX Path 2010-08-30 15:30:29
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30073 GBP/JPY (a daily chart of which is shown) as of Monday (8/30/2010) has pulled back up to the lower border of the large rising wedge formation that it broke down last week, before reasserting its bearish stance today. The low that was reached on the wedge breakdown before pullback was in the 128.75 price region, around a 3-month low for the pair. For more GBP/JPY forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
Key Forex Technical Trading Levels
FX Path 2010-08-29 15:35:10
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Here are some key forex support and resistance levels for the upcoming trading week. These technical levels are price areas/regions that forex traders should be paying close attention to, and around which significant technical trading events could likely occur. For the key forex technical trading levels, please click here. James Chen, CTA, CMT
Currency Strength/Weakness Meter for This Past Trading Week
FX Path 2010-08-27 21:11:28
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Here are the strongest and weakest major currencies for the past week (August 23-27, 2010), 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 pairings of the currencies. The list is ordered from strongest (best performing) to weakest (worst performing). For the Currency Strength/Weakness Meter, please click here. James Chen, CTA, CMT
EUR/USD Leans Toward Bearish Trend Resumption
FX Path 2010-08-27 15:37:21
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30070 EUR/USD (a 4-hour chart of which is shown) as of Friday (8/27/2010) has begun once again to lean towards a resumption of the bearish trend that originated in early August. This occurs after price hit a low just below 1.2600 earlier in the week and then made a bullish retracement. For more EUR/USD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
Technical Analysis 27/08/2010 FXCBS
fxcbsar 2010-08-27 10:34:16
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Friday August 27 , 2010 Previous session overview The pair Eurp against the U.S. dollar traded during the Asia session between the lowest level at 1.26925 and the highest level at 1.27311 , the pair trading now around the level of 1.27256. Regarding to the pair Sterling against the U.S. dollar also traded during the Asia session between the lowest level 1.55050 and the highest level at 1.55351 , the pair trading now around the level 1.55112. Finaly the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest leve at 84.271 and the highest ...
USD/JPY Retracement within Downtrend
FX Path 2010-08-26 20:00:03
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30068 USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/26/2010) has made a bullish retracement after hitting a low just above its 83.50 downside support target just two days ago. This occurs within the context of an accelerated bearish trend extending from the early June high. Despite this retracement, the prevailing downtrend is still very much intact at the current time. For more USD/JPY forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
AUD/JPY Forms Clear Triangle
FX Path 2010-08-26 16:05:36
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30067 AUD/JPY (a daily chart of which is shown) as of Thursday (8/26/2010) has formed a large and clear triangle consolidation pattern bisected by a key support/resistance level at 76.00. This occurs after three weeks of general bearishness that dropped price down from the very top of the triangle to its current position near the very bottom. For more AUD/JPY forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
GBP/USD Bearishness Hesitates Above Support
FX Path 2010-08-25 15:10:47
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30063 GBP/USD (a daily chart of which is shown) as of Wednesday (8/25/2010) has hesitated after approaching key 1.5350 region support on the heels of almost three weeks of bearish price action that broke down below a key uptrend support line and just established a new one-month low for the pair. For more GBP/USD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
Technical Analysis 25/08/2010 FXCBS
fxcbsar 2010-08-25 12:39:15
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Wednesday August 25 , 2010 Previous session overview The pair Euro against the U.S. dollar trade during the Asia session between the lowest level at 1.26160 and the highest level at 1.27266, while the pair trading now around the level of 1.26990. Regarding to the pair Sterling against the U.S. dollar the pair traded during the Asia session between the lowest level at 1.53893 and the highest level at 1.54614, the pair trading around the level of 1.54333. Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 83.900 and the ...
GBP/JPY Breaks Down Wedge, Targets Downtrend Continuation
FX Path 2010-08-24 19:38:03
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30062 GBP/JPY (a daily chart of which is shown) as of Tuesday (8/24/2010) has broken down cleanly below a rising wedge pattern and, in the process, several key support levels. Directly underneath the wedge pattern, price went on to break down below 132.00 support and then the key psychological 130.00 level, reaching a low around 128.75 before pulling back up on its bearish run. For more GBP/JPY forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
AUD/USD Bearish Stance within Downtrend Channel
FX Path 2010-08-24 15:20:21
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30061 AUD/USD (a 4-hour chart of which is shown) as of Tuesday (8/24/2010) has tentatively dropped below 0.8850 support to establish a new one-month low, before correcting back up. This occurs after price came down from another re-test of the top of a new parallel downtrend channel extending from the early August 0.9220 peak. For more AUD/USD forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
Technical Analysis 24/08/2010 FXCBS
fxcbsar 2010-08-24 13:36:51
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Tuesday August 24 , 2010 Previous session overview The Pair Euro against the U.S. dollar traded today betweeen the highest level at 1.26593 and the lowest level at 1.26034 , while the pair trading now around the level of 1.2123. The pair Sterling against the U.S. dollar traded today between the highest level at 1.55146 and the lowest level at 1.53726 , the pair trading now around the level of 1.53933. Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the highest level at 85.192 and the lowest level at 84.153, while the pair ...
EUR/JPY Breaks Down Further off Triangle
FX Path 2010-08-23 20:27:50
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30059 EUR/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has furthered its bearish drop after breaking down below a large descending triangle late last week. The continued bearishness after this triangle breakdown has closely approached the multi-year low at 107.30 that was hit in late June. For more EUR/JPY forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
USD/JPY Respects Downtrend
FX Path 2010-08-23 16:44:34
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Attachment 30058 USD/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has once again respected the strong accelerated downtrend represented by the key downtrend resistance line extending from the early June high. Although the end of last week saw price rise to approach this trendline once again, the current trading week has begun with significant bearishness and with price action once again dropping to approach the 84.70 long-term (15-year) low. For more USD/JPY forex technical analysis, please click here. James Chen, CTA, CMT Attached Images
Technical Analysis 23/08/2010 FXCBS
fxcbsar 2010-08-23 08:19:41
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Monday August 23 , 2010 Previous session overview The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.26897 and the highest level at 1.27293, the pair trading now around the level of 1.27226. Regarding to the pair Sterling against the U.S dollar also traded during the Asia session between the lowest level at 1.55209 and the highest level 1.559991 , while the pair trading now around thelevel of 1.55985. Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 85.304 and the highest ...
Key Forex Technical Trading Levels
FX Path 2010-08-22 16:29:05
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Here are some key forex support and resistance levels for the upcoming trading week. These technical levels are price areas/regions that forex traders should be paying close attention to, and around which significant technical trading events could likely occur. For the key forex technical trading levels, please click here. James Chen, CTA, CMT
USDJPY may be forming a cycle bottom at 84.72
sdotwewen 2010-08-21 04:32:43
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line resistance could confirm the cycle bottom, then the following upward movement could bring price to 87.00-88.00 area. Support is at 84.72, only break below this level could trigger another fall to 82.00 zone. For long term analysis, USDJPY has formed a cycle top at 94.98 level on weekly chart. Drop to 80.00 is still possible after consolidation. Weekly Forex Analysis
Three-Week Bull Run in Gold
FX Path 2010-08-20 20:22:56
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Gold (a 4-hour chart of which is shown) as of Friday (8/20/2010), has been in a bullish trend for the last three weeks after bottoming out just below 1160 support. This occurs within the context of a long-term uptrend and after price descended from its all-time high around 1265 in late June. The latest three-week bullish run has formed a steep parallel uptrend channel. For more spot gold technical analysis, please click here. James Chen, CTA, CMT
EUR/USD Breaks Down Multiple Support Levels
FX Path 2010-08-20 15:25:46
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EUR/USD (a 4-hour chart of which is shown) as of Friday (8/20/2010) morning has broken down below multiple support levels, including a clean breakdown of an important uptrend support line extending back to the early June low of 1.1875 and a tentative break below key support at 1.2700, to hit a fresh one-month low. For more EUR/USD forex technical analysis, please click here. James Chen, CTA, CMT
USDCAD broke above 1.0340 key resistance
sdotwewen 2010-08-20 02:02:11
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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USDCAD broke above 1.0340 key resistance, suggesting that a cycle bottom had been formed at 1.0247 level on 4-hour chart. Now the rise from 1.0247 is treated as resumption of uptrend from 1.0107, further rise could be seen in next several days and target would be at 1.0600 zone. Support is at 1.0340 and key support is at 1.0247, only break below these levels could trigger another fall to 1.0000 area. Daily Forex Signals
AUD/USD Retreats and Falls to Support
FX Path 2010-08-19 20:04:05
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AUD/USD (a 4-hour chart of which is shown) as of Thursday (8/19/2010) has dropped to approach key support in the 0.8900 price region after having hit a high just above 0.9070 region resistance and then retreating. After having hit that resistance high, price has formed a parallel downtrend channel. For more AUD/USD forex technical analysis, please click here. James Chen, CTA, CMT
USD/JPY Looks to Break Down
FX Path 2010-08-19 15:12:07
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USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/19/2010) morning has once again reached down to the key 85.00 region lows after dropping today from near 86.00. This occurs within the context of a strong, accelerated overall downtrend extending from the June high. In the event of a strong breakdown below the 84.70 long-term (15-year) low hit just last week ... For more USD/JPY forex technical analysis, please click here. James Chen, CTA, CMT
Technical Analysis 19/08/2010 FXCBS
fxcbsar 2010-08-19 12:33:07
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Thursday August 19 , 2010 Previous session overview The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.27811 and the highest level at 1.28618 , while the pair trading now around the level of 1.28123. Regarding to the pair Sterling against the U.S. dollar the pair trading during the Asia session between the highest level at 1.56059 and the lowest level at 1.55505, the pair trading now around the level of 1.55578. Finally the pair U.S. dollar aginst the Japanese Yen traded during the Asia session between the lowest level at 85.333 ...
AUDUSD formed a cycle bottom at 0.8858
sdotwewen 2010-08-19 03:21:12
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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AUDUSD formed a cycle bottom at 0.8858 level on 4-hour chart. Now the rise from 0.8858 could possibly be resumption of uptrend from 0.8066 (May 25 low) and the fall from 0.9079 is treated as correction of uptrend. Another rise towards 0.9221 would more likely be seen after correction, however, a break above 0.9079 is needed to confirm such case. On the other side, below 0.8858 will indicate that the pair remains in downtrend from 0.9221, then next target would be at 0.8700-0.8800 area. Daily Forex Forecast
USD/CHF Inverted Flag within Downtrend Channel
FX Path 2010-08-18 19:56:49
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USD/CHF (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed an inverted flag pattern within the context of a parallel downtrend channel extending back to early July. Within the context of this downtrend channel, after price broke down below an intra-channel uptrend support line that represented the most recent countertrend retracement, the pair has now formed a rough inverted flag pattern. For more USD/CHF forex technical analysis, please click here. James Chen, CTA, CMT
EUR/JPY Forms Descending Triangle
FX Path 2010-08-18 15:40:14
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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EUR/JPY (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed a descending triangle consolidation just above 109.00 after having broken down cleanly below a parallel uptrend channel extending from the June low just last week. This all occurs within the context of a longer-term downtrend extending from the October 2009 high. For more EUR/JPY forex technical analysis, please click here. James Chen, CTA, CMT
Technical analysis of USD/CAD for 18/08/2010
IFX Svetlana 2010-08-18 14:19:55
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Support levels: 1.0300, 1.0250, 1.0200 Resistance levels: 1.0500, 1.0586, 1.0650 On a 4-hour chart, the USD/CAD currency pair is pulling back further from the upper limit of the downward channel, and now, it is forming Flag probably. It is expected that breakout of 1.0300 will cause a drop to 1.0250. However, if 1.0400 is breached, the intraday view will become neutral. If the ascendant motion keeps on, a breach of the resistance level of 1.0500 will aim USD/CAD at 1.0586. In mid-term outlook, USD/CAD has seemly shaped a bottom at the mark of 0.9930. In addition, taking into account bullish ...
Technical Analysis 18/08/2010 FXCBS
fxcbsar 2010-08-18 08:53:25
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Wednesday August 18 , 2010 Previous session overview The pair Euro against the U.S. dollar traded during the Asia session between the highest level at 1.28845 and the lowest level at 1.28234 , while the pair trading now around the level of 1.28349. Regarding to the pair Sterling against the U.S. dollar traded during the Asia session between the highest level at 1.55854 and the lowest level at 1.54981 , while the pair trading now around the level of 1.55263. Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the lowest level at 85.331 ...
GBPUSD stays in a trading range between 1.5535 and 1.5712
sdotwewen 2010-08-18 00:08:48
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GBPUSD stays in a trading range between 1.5535 and 1.5712. Another rise towards 1.5712 key resistance would more likely be seen later today, a break above this level will confirm that a cycle bottom has been formed at 1.5535 level on 4-hour chart, then another rise towards 1.5997 previous high could be seen. On the downside, below 1.5535 could resume the downward move from 1.5997, then next target would be at 1.5400 area. Daily Forex Forecast
USD/JPY Still in Strong Downtrend
FX Path 2010-08-17 18:45:19
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USD/JPY (a 4-hour chart of which is shown) as of Tuesday (8/17/2010) has generally consolidated in a range between the 86.50 resistance region and the 85.00 support region for the last two weeks. This consolidation occurs within the context of a steep and reliable downtrend resistance line extending from the June high. For more USD/JPY technical analysis, please click here. James Chen, CTA, CMT
Technical Analysis 17/08/2010 FXCBS
fxcbsar 2010-08-17 10:05:11
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Tuesday August 17 , 2010 Previous session overview The pair Euro against the U.S. dollar traded during the Asia session between the lowest level at 1.28041 and the highest level at 1.28653, the pair trading now around the level of 1.28455. The pair Sterling against the U.S. dollar traded during the Asia session between the lowest level at 1.56367 and the highest level at 1.56953 , while the pair trading now around the level of 1.56658. Finally the pair U.S. dollar against the Japanese Yen traded during the Asia session between the highest level at 85.440 and the lowest level ...
GBPUSD rebounded from 1.5535
sdotwewen 2010-08-17 02:19:00
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Being supported by the rising trend line from 1.4346 (Jun 8 low) to 1.5124, GBPUSD rebounded from 1.5535 level. Now the pair is forming a cycle bottom at 1.5535 level on 4-hour chart, key resistance is at 1.5712, a break above this level will confirm the cycle bottom, then another rise towards 1.5997 could be seen. Support is now at 1.5535, only break below this level could indicate that the downtrend 1.5997 has resumed, then deeper decline could be seen to 1.5400 area. Daily Forex Signals
GBP/USD Consolidates Near Bottom of Uptrend Channel
FX Path 2010-08-16 19:47:33
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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GBP/USD (a 4-hour chart of which is shown) as of Monday (8/16/2010) has bounced up off key 1.5550 support, also the bottom of an important uptrend channel extending back to the May lows, and then rose to hit key resistance at 1.5700 today before retreating. Still within the context of the strong uptrend channel, price has been consolidating sideways for the past couple of days between the two noted levels 1.5550 and 1.5700. For more GBP/USD technical analysis, please click here. James Chen, CTA, CMT
EUR/USD Respects Bullish Trend
FX Path 2010-08-16 15:50:17
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EUR/USD (a 4-hour chart of which is shown) as of Monday (8/16/2010) has made a pronounced bounce off a key uptrend support line extending from the very beginning of the currency pairs most recent prolonged bullish run, the 1.1875 4-year low hit on June 7. This rather precise bounce, which occurred just above 1.2700 support, highlights the strong dynamic support provided by the trendline. For more EUR/USD technical analysis, please click here. James Chen, CTA, CMT
Technical Analysis 16/08/2010 FXCBS
fxcbsar 2010-08-16 09:25:39
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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Monday August 16 , 2010 Previous session overview The pair Euro against the U.S Dollar traded during the Asian session between the lowest level at 1.27335 and the highest level at 1.28308, while the pair is trading now around the level of 1.28244. The pair Sterling against the U.S. dollar traded during the Asian session between the lowest level at 1.55338 and the highest level at 1.56362, the pair trading now around the level of 1.56250. Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the lowest level at 85.713 and the highest level ...
USDCHF stays in a trading range between 1.0461 and 1.0624
sdotwewen 2010-08-16 01:15:00
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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technical
USDCHF stays in a trading range between 1.0461 and 1.0624. Support is at 1.0461, as long as this level holds, another rise to re-test 1.0675 key resistance is still possible, a break above this level will indicate that the fall from 1.1730 (Jun 1 high) had completed at 1.0331 already. On the other side, a breakdown below 1.0461 could trigger another fall towards 1.0331 previous low. Daily Forex Forecast
Key Forex Technical Trading Levels
FX Path 2010-08-15 14:58:53
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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analysis
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technical
Here are some key forex support and resistance levels for the upcoming trading week. These technical levels are price areas/regions that forex traders should be paying close attention to, and around which significant technical trading events could likely occur. Click here for the key forex technical trading levels. James Chen, CTA, CMT
EUR/USD Technical Overview and Outlook
FX Path 2010-08-13 18:13:35
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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analysis
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technical
EUR/USD (a daily chart of which is shown) as of Friday (8/13/2010) has just reached down to touch a key uptrend support line extending from the very beginning of the currency pairs most recent prolonged bullish run, the 1.1875 4-year low hit on June 7. This uptrend line has defined a steep 2-month bullishness that has boldly defied the equally steep bear market of the six prior months. Now that price has reached back down to touch this uptrend line once again, questions are quickly arising as to the continued viability of this uptrend. For more EUR/USD technical analysis, please ...
AUD/USD Potential Flag Pattern
FX Path 2010-08-13 14:38:35
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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analysis
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technical
AUD/USD (a 4-hour chart of which is shown) as of Friday (8/13/2010) morning has formed what could potentially be an inverted flag pattern, a consolidation/continuation pattern that often occurs in the midst of a bearish move like what AUD/USD has been experiencing for most of this week. For more AUD/USD technical analysis, please click here. James Chen, CTA, CMT
USDCHF pulled back from 1.0624
sdotwewen 2010-08-13 00:29:01
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
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analysis
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technical
After touching the upper border of the price channel on 4-hour chart, USDCHF pulled back from 1.0624, taking price back to test 1.0461 key support, a breakdown below this level could trigger another fall towards 1.0331 previous low. However, the price action in the trading range between 1.0461 and 1.0624 could possibly be consolidation of uptrend from 1.0331, as long as 1.0461 key support holds, one more rise to test 1.0675 key resistance is still possible. Daily Forex Signals
EUR/CHF Breaks Down Channel
FX Path 2010-08-12 18:47:53
Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis Edit
Tags:
analysis
,
technical
EUR/CHF (a 4-hour chart of which is shown) as of Thursday (8/12/2010) has broken down swiftly below a parallel uptrend channel extending from the late June low. This channel breakdown, which has established almost a 3-week low, went on further to break down tentatively below key support in the 1.3500 price region. For more EUR/CHF technical analysis, please click here. James Chen, CTA, CMT