Originally posted on TheForexArticles

 

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I've been looking at the long-term charts of the EUR/USD pair today, and it looks like there could be significant downside potential if the price breaks below two key levels. (…)  Read More →

Price action on USD/JPY, a daily chart of which is shown, has consolidated for the last several days after having made a strong bullish breakout move last week. This consolidation range occurs in the price zone between 92.00 and 93.00. A breakout to the upside above this range would lend additional strength to a potential bullish reversal of the... 

Price action on AUD/USD, a 4-hour chart of which is shown, has reached and consolidated just under critical resistance around the key 0.8780 price region as of Friday (7/09/2010) morning. This currency pair has been strongly bullish for this entire week after bouncing up from a double-bottom low in the 0.8315 price region. For more technical analysis... 

Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com Hello Everyone, By now you all should be familiar with the inside candle breakout technique I showed you in my previous posts, and hopefully you have been making some pips with it. Today I am going to alert you to breakout that is going to happen in the Eur/Usd... 

Price action on EUR/GBP (a daily chart of which is shown) as of Monday (7/19/2010), has reflected the new week’s sharp downmove in GBP/USD and milder upmove in EUR/USD by continuing last week’s bullish momentum that broke out above 0.8400. For more technical analysis on this currency pair, please click here for Monday’s (7/19/2010) Chart... 

Price action on EUR/JPY, a daily chart of which is shown, has descended all the way down to reach and dip below key support around the 127.00 price region. This occurs within the context of a prolonged sideways trading range that the pair has been entrenched in since at least mid-2009. Currently, bearishness in the euro against the yen has been... 

Price action on AUD/USD, a 4-hour chart of which is shown, has once again tested upside resistance within the context of the current horizontal trading range. Resistance on this trading range resides in the 0.8790 price region, while support resides around 100 pips lower in the 0.8690 price region. For more technical analysis on this currency... 

Price action on spot gold, a daily chart of which is shown, has made a significant bullish move in breaking out above the key 1130 price region, establishing a new 6-week high. This occurs within the context of a long-term uptrend. Despite a false breakdown of the longstanding uptrend support line in early February, gold has gone on to respect... 

EUR/USD is trading in a range for over a month. While the long term trend is bearish, some bullish hints can be found within this range. Since February 4th, EUR/USD plunged into a range between 1.3423 to 1.3850. At the beginning the trend in the hourly charts was negative. On February 19th, the bottom line of 1.3423 was approached for the first... 

I've been looking closely at the EUR/USD pair this morning and I'm coming to the conclusion that at the current price of 1.2640, this is a good shorting opportunity for both long-term and short-term traders. (…)  Read More →

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