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AUD/USD Drops to Key Support Target, Continued Bearish Bias

posted by Avatar jameschen 235 days ago in USD, AUD, Technical

AUD/USD (daily chart) as of Tuesday (10/04/2011) has dropped down to a key support target in the 0.9400 price region after five consecutive bearish days that brought the pair plummeting down from its correction highs near parity (1.0000). This oc read more
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GBP/USD Targets Downtrend Continuation

posted by Avatar jameschen 236 days ago in USD, GBP, Technical

GBP/USD (daily chart) as of Monday (10/03/2011) has resumed its strongly bearish bias within the context of a steep downtrend that has been in place for more than two months since the late August 1.6616 high. This downtrend established a low righ read more
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EUR/USD Resumes Bearish Trend Bias

posted by Avatar jameschen 239 days ago in USD, EUR, Technical made popular 239 days ago

EUR/USD (daily chart) as of Friday (9/30/2011) has begun a resumption of its bearish stance after making a bullish correction within the context of a strong and steep breakout downtrend. This new downtrend has its origins at the early September b read more
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AUD/USD Consolidates but Still Bearish

posted by Avatar jameschen 240 days ago in USD, AUD, Technical made popular 240 days ago

AUD/USD (daily chart) as of Thursday (9/29/2011) has consolidated above key support in the 0.9700 price region. This occurs after price action dropped precipitously from its high just under 1.0800 in the beginning of the month. The month of Septe read more
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USD/CHF Pulls Back within Strong Bullish Trend

posted by Avatar jameschen 242 days ago in USD, CHF, Technical made popular 242 days ago

USD/CHF (daily chart) as of Tuesday (9/27/2011) has pulled back yet again in what is turning out to resemble a well-formed bullish trend characterized by strong breakouts to the upside interspersed with bearish pullbacks, or retracements. If pric read more
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USD/JPY Poised for Correction

posted by Avatar jameschen 243 days ago in USD, JPY, Technical made popular 243 days ago

Since their tragic earthquake and tsunami in March, Japan’s GDP has continued to contract. With Japanese current debt well over 200 percent of GDP, a shrinking population, falling demand from Japanese investors to purchase their debt, and weaken read more
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AUD/USD Backs Off Support, Continued Bearish Bias

posted by Avatar jameschen 246 days ago in USD, AUD, Technical made popular 246 days ago

AUD/USD (daily chart) as of Friday (9/23/2011) has backed off key support around the 0.9700 price region after having broken swiftly and strongly below prior key support around parity (1.0000). Friday’s price action rose up above 0.9800 from its read more
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GBP/USD Continues Dramatic Plummet

posted by Avatar jameschen 247 days ago in USD, GBP, Technical made popular 247 days ago

GBP/USD (daily chart) as of Thursday (9/22/2011) has continued its dramatic plummet since Wednesday, extending the sharp bearish trend that has been in place since the mid-August 1.6616 high. The current drop has brought price down to hit and dip read more
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USD/CHF Turns Back Up to Target New Highs

posted by Avatar jameschen 249 days ago in USD, CHF, Technical made popular 249 days ago

USD/CHF (daily chart) as of Tuesday (9/20/2011) has once again risen to re-test key resistance around the 0.8900 price region, a level that was just tested and essentially respected early last week. After last week’s resistance test, price pulled read more
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GBP/USD Bearishness Targeting 1.55 Downside to Further Downt

posted by Avatar jameschen 250 days ago in USD, GBP, Technical made popular 250 days ago

GBP/USD (daily chart) as of Monday (9/19/2011) has continued its dramatic overall bearishness of the last several weeks by making a significant breakdown below key 1.5750 area support. This breakdown caps off a full month of steeply bearish price read more
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Gold Extends Pullback within Strong Bullish Trend

posted by Avatar jameschen 254 days ago in Technical, Gold, Metals

Gold (daily chart) as of Thursday (9/15/2011) has extended its pullback after hitting the latest all-time high of $1920 last week. The current bearish retracement is overdue, as the steep run-up from the early July low of $1477 was not indefinite read more
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EUR/USD Bearishness Backs Off Support

posted by Avatar jameschen 256 days ago in USD, EUR, Technical

EUR/USD (daily chart) as of Tuesday (9/13/2011) has reached and respected key support in the important 1.3500 price region, a round number psychological level that has served well as previous support and resistance in the past. This support bounc read more