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Gold Pulls Back and Bounces at 38% Retracement Level

posted by jameschen 436 days ago in Technical, Gold, Metals

Gold (a daily chart of which is shown) as of Thursday (3/17/2011) has pulled back and stalled/bounced around the 38.2% Fibonacci retracement of the last major bullish run (from the 1308 support base to the new 1445 area all-time high hit in early

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AUD/USD Breakdown Momentum

posted by jameschen 437 days ago in USD, AUD, Technical made popular 437 days ago

AUD/USD (a daily chart of which is shown) as of Wednesday (3/16/2011) has dropped down to approach its key support target in the 0.9800 price region before rebounding. This occurs on a breakdown below a triangle consolidation pattern extending fr

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USD/JPY Triangle Breakdown to Approach Extreme Lows

posted by jameschen 438 days ago in USD, JPY, Technical made popular 438 days ago

USD/JPY (a daily chart of which is shown) as of Tuesday (3/15/2011) has dropped substantially to breakdown decisively below a triangle consolidation pattern that has been in place since the 80.20 area low, which represents the 15-year low that wa

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GBP/USD Bounces Off Key Support

posted by jameschen 439 days ago in USD, GBP, Technical made popular 439 days ago

GBP/USD (a daily chart of which is shown) as of Monday (3/14/2011) has once again bounced off support in the key 1.6000 support region. This price area is also the 38.2% Fibonacci retracement of the most recent major bullish trend run, from the 1

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EUR/USD Tentative Trend Line Breakdown

posted by jameschen 442 days ago in USD, EUR, Technical made popular 442 days ago

EUR/USD (a daily chart of which is shown) as of Friday (3/11/2011) morning has tentatively broken down below a key uptrend support line extending from the early January low at 1.2872, hitting a low around 1.3750 in early Friday trading before ret

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AUD/USD Tentative Triangle Breakdown

posted by jameschen 443 days ago in USD, AUD, Technical made popular 443 days ago

AUD/USD (a daily chart of which is shown) as of Wednesday (3/10/2011) has tentatively broken down below a key triangle consolidation pattern that extends back to the 1.0250 area long-term high that was hit at the very end of 2010. This triangle p

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EUR/USD In Retreat From 1.40

posted by jameschen 445 days ago in USD, EUR, Technical made popular 445 days ago

EUR/USD (a daily chart of which is shown) as of Tuesday (3/08/2011) has retreated substantially after slightly surpassing, but failing to make a daily close above, the key 1.4000 resistance and psychological level.

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USD/CHF Consolidates in Downtrend Near All-Time Low

posted by jameschen 446 days ago in USD, CHF, Technical

USD/CHF (a 4-hour chart of which is shown) as of Monday (3/07/2011) has continued its trading range consolidation within the context of a clear and strong bearish trend that has been in place for around a month. The current consolidation has prev

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EUR/USD Hits 1.4000 on NFP

posted by jameschen 449 days ago in USD, EUR, Technical made popular 449 days ago

EUR/USD (a daily chart of which is shown) as of Friday (3/04/2011) shot up to hit key resistance at 1.4000 on the Non-Farm Payrolls report before quickly retreating back down in a swift whipsaw move. The fact that the highly significant 1.4000 ps

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Gold Breaks All-Time High, Targets Further Upside

posted by jameschen 451 days ago in Technical, Gold, Metals

Gold (a daily chart of which is shown) as of Tuesday (3/02/2011) has broken out above its previous all time high around 1430, which was just established in December, to hit a new all-time high tentatively above 1438. This occurs within the short-

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EUR/USD Bumps Up Against Resistance

posted by jameschen 452 days ago in USD, EUR, Technical made popular 452 days ago

EUR/USD (a daily chart of which is shown) as of Monday (3/01/2011) has stalled just under key resistance in the 1.3860 price region, which is the level of the significant high reached in early February. This close approach of resistance occurs wi

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GBP/USD Rises Towards Another Resistance Retest

posted by jameschen 453 days ago in USD, GBP, Technical

GBP/USD (a daily chart of which is shown) as of Monday (2/28/2011) has continued its rangebound consolidation, roughly trading between key support around 1.6000 and key resistance around 1.6300, that has been in place since the beginning of the m

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