Posts Tagged ‘Bearishness’
Price action on EUR/USD (a daily chart of which is shown) as of Friday (1/07/2011) on the heels of the Non-Farm Payrolls report dropped to a low of 1.2934, establishing a new 3-month low, before rebounding back up to waver around the key 1.3000 psychological support/resistance area. This occurs at the tail-end of a very [...]
Price action on EUR/USD (a daily chart of which is shown) as of Monday (12/20/2010) has continued its bearish stance from last week that originated off a shooting star candle which reached up to the 1.3500 price region (a 38.2% Fibonacci level) and re-tested the underside of the broken uptrend line extending back to the [...]
Price action on USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/09/2010) has dropped down to hit key support in the 1.0300 price region on continued bearishness off a swift drop from the 1.0500 area resistance. This occurs within the context of a prolonged horizontal trading range consolidation that has characterized this [...]
Price action on GBP/USD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has dropped to approach support in the 1.5350 price region. This occurs within the context of a relatively choppy descent from the 6-month high just under 1.6000 reached in early August. This descent has formed a clear downtrend resistance line. [...]
Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (8/24/2010) has tentatively dropped below 0.8850 support to establish a new one-month low, before correcting back up. This occurs after price came down from another re-test of the top of a new parallel downtrend channel extending from the early August 0.9220 [...]
Price action on GBP/USD (a 4-hour chart of which is shown) as of Thursday (8/12/2010) has continued this week’s precipitous drop from 1.6000 resistance and has approached key support in the 1.5550 price region once again, establishing close to a two-week low. For more technical analysis on this currency pair, please click [...]
Price action on AUD/USD (a 4-hour chart of which is shown) broke down below a key uptrend support line on Monday, much like EUR/USD did during early Asian trading hours on Tuesday. In the case of AUD/USD, its uptrend line is a considerably precise and well-formed one that extends back to [...]
Price action on USD/CAD (a daily chart of which is shown) as of Thursday (8/05/2010) morning, after having broken down below the large triangle early in the week, has followed through on its bearish momentum below key 1.0200 support and down to approach further support in the 1.0100 price region, establishing a new 3-month low [...]
Price action on USD/CHF, a 4-hour chart of which is shown, is quickly descending to approach strong support in the key 1.0500 price region as of Wednesday (7/07/2010), establishing a new 12-week low in the process. As evident on the chart, this currency pair has given back virtually all of the substantial gains that it [...]
Price action on USD/CHF, a daily chart of which is shown, has displayed strong bearishness in the last three weeks that highlights the recent dramatic strengthening of the Swiss franc. As of Monday (6/28/2010), price action has established a new 8-week low, and has descended all the way back down to the region of a [...]
