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USD/CHF Continues Rise to Hit 0.8900 Area Resistance

posted by Avatar jameschen 257 days ago in USD, CHF, Technical made popular 257 days ago

USD/CHF (daily chart) as of Monday (9/12/2011) has continued its trend-breaking rise to hit key resistance around the 0.8900 price region before stalling in its dramatic bullishness of the past week. This occurs after a strong and swift bullish s read more
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USD/JPY Drops Further, Continued Intervention Consideration

posted by Avatar jameschen 292 days ago in USD, JPY, Technical made popular 292 days ago

USD/JPY (4-hour chart) as of Monday (8/08/2011) has continued its steady, yen-strengthening fall after spiking late last week to a high of 80.22 on the heels of intervention by the Bank of Japan. This yen re-strengthening after the central bank’s read more
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Aussie Breakdown

posted by Avatar jameschen 295 days ago in USD, AUD, Technical made popular 295 days ago

AUD/USD (daily chart) as of Friday (8/05/2011) has dropped precipitously this week and has reached down to dip tentatively below key support around the important 1.0400 support/resistance price region. This occurs after price action hit a new all read more
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USD/JPY Spikes then Pulls Back on Intervention

posted by Avatar jameschen 296 days ago in USD, JPY, Technical made popular 296 days ago

USD/JPY (4-hour chart) as of Thursday (8/04/2011) jumped more than three big figures to poke above the key 80.00 psychological level on the heels of BOJ intervention, before pulling back and settling around the 79.00 price region. This rather swi read more
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Gold Reaches For Even Loftier Levels

posted by Avatar jameschen 298 days ago in Technical, Gold, Metals made popular 298 days ago

Gold (daily chart) as of Tuesday (8/02/2011) has once again established yet a new all-time high, which has been occurring regularly for the past three weeks, this time around the 1640 price region. This occurs within the context of a very clear a read more
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EUR/CHF Drops Precipitously to Hit Downside Price Target

posted by Avatar jameschen 299 days ago in EUR, CHF, Technical made popular 299 days ago

EUR/CHF (daily chart) as of Monday (8/01/2011) has dropped dramatically to hit its downside target area just above 1.1000, establishing yet a new all-time low around 1.1023 in the process. This occurs within the context of a clear long-term, medi read more
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AUD/USD Pulls Back Within Strong Bullish Trend

posted by Avatar jameschen 299 days ago in USD, AUD, Technical made popular 299 days ago

AUD/USD (daily chart) as of Monday (8/01/2011) has consolidated around the key 1.1000 psychological price region after making a tentative upside breakout last week to hit a new all-time high around 1.1078, surpassing the previous all-time high se read more
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USD/CHF New All-Time Low, Pushing Lower

posted by Avatar jameschen 302 days ago in USD, CHF, Technical made popular 302 days ago

USD/CHF (daily chart) as of Friday (7/29/2011) has established yet a new all-time low, this time breaking below the 0.7900 level for the first time. This breakdown occurs within the context of a remarkably strong and technically-behaving long-ter read more
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EUR/USD Resumes Bearish Stance after Bullish Correction

posted by Avatar jameschen 316 days ago in USD, EUR, Technical made popular 316 days ago

EUR/USD (daily chart) as of Friday (7/15/2011) has once again resumed its bearish stance after making a bullish correction up to 1.4280, which was the level of the 100-period simple moving average. That bullish correction occurred after price act read more
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USD/JPY Consolidates During Bearish Onslaught

posted by Avatar jameschen 317 days ago in USD, JPY, Technical

USD/JPY (4-hour chart) as of Thursday (7/14/2011) has entered into a consolidation after having broken down decisively below the key 79.50 previous support region (now resistance). The breakdown below 79.50, which was the region of the significan read more
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AUD/USD Rises to Retest Key Resistance

posted by Avatar jameschen 318 days ago in USD, AUD, Technical made popular 318 days ago

AUD/USD (daily chart) as of Wednesday (7/13/2011) has once again approached a retest of key resistance around the 1.0770-1.0790 price region, which has already been tested and respected twice in the month of July. This resistance also represents read more
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GBP/USD Leans Toward Further Overall Decline Despite Rebound

posted by Avatar jameschen 319 days ago in USD, GBP, Technical made popular 319 days ago

GBP/USD (daily chart) as of Tuesday (7/12/2011) has dropped down to hit a key 38.2% Fibonacci retracement (of the May 2010 lows to the May 2011 highs) and also approached its 1.5750 downside support target, before making a significant rebound. Th read more