Posts Tagged ‘break’
Price action on USD/JPY (a daily chart of which is shown) as of Tuesday (3/15/2011) has dropped substantially to breakdown decisively below a triangle consolidation pattern that has been in place since the 80.20 area low, which represents the 15-year low that was hit on the last day of October 2010. Price is currently very [...]
WASHINGTON (CNN) — Talks aimed at averting a work stoppage in the National Football League broke down Friday, with the players’ union declaring it is decertifying itself in a move expected to launch a lengthy legal battle with owners.
Failure to reach a new collective bargaining agreement means the players will likely sue the NFL owners [...]
Price action on AUD/USD (a daily chart of which is shown) as of Wednesday (3/10/2011) has tentatively broken down below a key triangle consolidation pattern that extends back to the 1.0250 area long-term high that was hit at the very end of 2010. This triangle pattern has clearly defined the consolidation that has been in [...]
Price action on EUR/CHF (a daily chart of which is shown) as of Thursday (2/17/2011) has broken down below a key short-term uptrend support line extending from the early January low. This trendline breakdown occurs within the context of a long-term downtrend. For more technical analysis on this currency pair, please click here for Thursday’s [...]
Price action on USD/JPY (a daily chart of which is shown) as of Wednesday (2/02/2011) has continued its converging triangle consolidation that has been in place since the 80.20 15-year low was hit in early November. Having just bounced up slightly off the bottom of the triangle, price action is moving within increasingly narrow bounds. [...]
Quote of the day: “We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.” – Franklin D. Roosevelt
EURUSD – 1.3728 @12:40 GMT
Trading strategy: looking to buy at 1.3760, stop at 1.3710 (0.5% risk), 1st objective at 1.3810, 2nd objective at 1.3900
Hello. The euro holds [...]
TMM were somewhat cynical about the G20 but some of the headlines hitting the news today have given us pause for, ooh, a few seconds before we started tipping out our gold. Much of the wealth generated over the past few years has been based upon the thesis of “more of the same” – more [...]
Price action on GBP/JPY (a daily chart of which is shown) as of Wednesday (11/10/2010) has tentatively broken out above a key parallel downtrend channel that has been in place since the 2009 highs that were hit in August 2009 around the 163.00 price region. In breaking out above the current [...]
Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/09/2010) has consolidated near the multi-decade highs just below key 1.0200 resistance, and appears poised for a potential breakout to the upside. In this event, the key level to watch is 1.0200, a breakout above which price action will have confirmed [...]
Price action on USD/CHF (a 4-hour chart of which is shown) as of Wednesday (10/27/2010) has broken out above a key downtrend resistance line and established a new one-month high in the process. This trendline break significantly disrupts the steep downtrend that has been in place since the early June high. For more technical analysis [...]
