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EUR/CHF Leaning Toward Bearish Trend Continuation

posted by jameschen 380 days ago in EUR, CHF, Technical made popular 380 days ago

EUR/CHF (a daily chart of which is shown) as of Thursday (5/12/2011) has begun to resume its bearish bias after price action re-tested key 1.2700 upside resistance earlier in the week. The 1.2700 level has recently been among the most important s

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EUR/USD Bearishness Targets Further Downside

posted by jameschen 383 days ago in USD, EUR, Technical made popular 383 days ago

EUR/USD (a daily chart of which is shown) as of Monday (5/09/2011) is on its way to a third significantly bearish day, furthering its bearish stance from the latter part of the last week and approaching key support around the 1.4250 price region.

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EUR/USD Drops to Support Confluence

posted by jameschen 386 days ago in USD, EUR, Technical

EUR/USD (a daily chart of which is shown) as of Friday (5/06/2011) after the Non-Farm Payrolls report has descended to hover around a confluence of support that includes the key 1.4500 support level and an uptrend support line that extends back t

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Silver’s Precipitous Fall

posted by jameschen 387 days ago in Technical, Gold, Metals

Silver (a daily chart of which is shown) as of Thursday (5/05/2011) has dropped precipitously for five consecutive days from near its $50 area all-time high to hit a low just above $35. This deep correction follows a steep run-up that was in plac

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GBP/JPY Drops to Critical 133.00 Support

posted by jameschen 389 days ago in JPY, GBP, Technical made popular 389 days ago

GBP/JPY (a 4-hour chart of which is shown) as of Tuesday (5/03/2011) has declined substantially to hit key support in the important 133.00 price region, a level that has served exceptionally well as a support/resistance pivot point many times in

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USD/CAD Hits New Long-Term Low

posted by jameschen 390 days ago in USD, CAD, Technical made popular 390 days ago

USD/CAD (a daily chart of which is shown) as of Monday (5/02/2011) has established yet a new long-term 3+ year low at 0.9445 before rebounding back up to re-test prior support in the 0.9500 price region. This occurs within the context of strong b

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EUR/USD Reaches Further to the Upside, Targets Higher Highs

posted by jameschen 393 days ago in USD, EUR, Technical made popular 393 days ago

EUR/USD (a daily chart of which is shown) as of Friday (4/29/2011) has continued its strong bullishness, establishing a new 16-month high, without having made much of a pullback or retracement since breaking out above the 1.4500 prior resistance

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USD/CHF Hits New Lows, Targeting Further Downside

posted by jameschen 394 days ago in USD, CHF, Technical made popular 394 days ago

USD/CHF (a daily chart of which is shown) as of Thursday (4/28/2011) has hit its downside support target just under 0.8700 and established yet a new all-time low yesterday at 0.8669. The 0.8700 target, in previously uncharted territory, was deriv

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GBP/USD Approaches Key 1.6600 Resistance

posted by jameschen 395 days ago in USD, GBP, Technical

GBP/USD (a daily chart of which is shown) as of Wednesday (4/27/2011) has risen to approach key resistance around the 1.6600 price region before pulling back, after coming very close to hitting that level late last week. This occurs within the co

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Silver Pulls Back from All-Time High

posted by jameschen 396 days ago in Technical, Gold, Metals made popular 396 days ago

Silver (a daily chart of which is shown) as of Tuesday (4/26/2011) has pulled back and begun a bearish correction after establishing a new all-time high just short of $50, around $49.79. The establishment of this new all-time high can be consider

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Gold Surges to New Record Highs

posted by jameschen 397 days ago in Technical, Gold, Metals made popular 397 days ago

Gold (a daily chart of which is shown) as of Monday (4/25/2011) has continued its bullish stance after having broken out above its 1500 resistance target late last week, establishing yet a new all-time high above 1517 in the process. This follows

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USD/CAD Near Long-Term Lows, Targeting Further Downside

posted by jameschen 400 days ago in USD, CAD, Technical

USD/CAD (a daily chart of which is shown) as of Friday (4/22/2011) has established yet a new 3+ year low at 0.9453 before bouncing back up above key 0.9500 support. This occurs within the context of a strong and well-formed parallel downtrend cha

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