Posts Tagged ‘Bearishness’
Price action on EUR/USD, a daily chart of which is shown, continues to display some cautious bearishness as of Wednesday (6/23/2010) morning after breaking down below the uptrend support line that represents the bullish correction of the last two weeks. In the event of further bearishness off this breakdown, price could soon start making new [...]
As of the beginning of this new month, the technical bias for the month of June 2010 appears to be indicating further potential bearishness for the pair. Short-term support in the 1.2150 price region has just been broken significantly to the downside, completing a descending triangle bearish continuation pattern and approaching key support in the [...]
Price action on GBP/USD, a daily chart of which is shown, has consolidated in a flag-like (inverted) pattern after a period of steep bearishness within the past several weeks. This occurs within the context of an overall downtrend for the pair. The upper bounds of the inverted flag consolidation reside around the key 1.4500 resistance [...]
Price action on EUR/USD, a daily chart of which is shown, dipped below 1.2300 support on Monday (5/17/2010) before correcting back up above that level and consolidating as of early Tuesday (5/18/2010), New York session. The technical bias on EUR/USD, however, remains substantially bearish in line with the strong continuing downtrend in the pair that [...]
Price action on GBP/USD, a daily chart of which is shown, has continued its bearishness from last week, when price reached down to hit its expected 1.4500 downside target at the close of the week. This occurs within the context of a steep overall downtrend that began to accelerate in early May. Opening the new [...]
Price action on AUD/USD, a daily chart of which is shown, has broken the previous intra-range uptrend and dropped to approach key support in the important 0.9000 price region. This occurs within an overall sideways trading range extending from late 2009, and after price hit a high approaching the significant 0.9400 resistance level in mid-April. [...]
Bearish price action in the last two days on EUR/USD, a daily chart of which is shown, has finally filled the substantial price gap that occurred in the very beginning of the trading week. This gap fill raises the possibility that a bearish stance within the current overall downtrend may once again come back into [...]
Bearish price action on EUR/USD as of Monday (3/22/2010) morning New York session has continued its breakdown momentum below the bearish rising wedge pattern for the third day in a row. This occurs within the context of an overall downtrend that has been in place since early December. Currently, price is approaching key support in [...]
