Posts Tagged ‘Bullish’
Price action on EUR/USD (a 4-hour chart of which is shown) as of Monday (8/02/2010) morning has made a dramatic upside breakout above last week’s high in the 1.3105 price region to approach 1.3200 resistance, establishing almost a new 3-month high in the process. This occurs within the context of a well-formed parallel uptrend channel [...]
Price action on GBP/USD (a daily chart of which is shown) as of Friday (7/30/2010) has consolidated above 1.5500, a prior resistance region that was broken to the upside earlier in the week. This occurs within the context of a strong accelerated uptrend extending originally from the 1.4230 area lows in May, and after price [...]
Price action on EUR/USD (a 4-hour chart of which is shown) as of Thursday (7/22/2010) has continued its climb after pulling back yesterday to just above 1.2700. As of Thursday morning New York session, price tentatively broke out above resistance at 1.2900 and could now potentially be targeting further upside. Since the long-term low in [...]
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 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 [...]
Price action on GBP/JPY, a daily chart of which is shown, has been following an uptrend support line extending from the 15-month low hit in late May. This uptrend line represents a bullish correction within the context of a strong downtrend channel that began in August 2009. For more technical analysis on this currency pair, [...]
Bearish price action on EUR/USD, a daily chart of which is shown, has begun the new trading week by reversing much of the gains it made during the bullish correction of last week. This occurs within the context of a strong and steep overall downtrend. Monday’s price action broke down below the key 1.2500 price [...]
Price action on EUR/USD, a daily chart of which is shown, has made a significant bullish correction during the latter half of this week to hit the week’s high at 1.2670 (as of Friday morning, 5/21/2010, New York session). This occurs within the context of a strong overall downtrend in the pair, and after price [...]
By Russell Glaser – The USD/JPY appears to be ending a period of consolidation as the pair formed a bullish flag pattern on the daily chart. Below is a possible trade setup for the USD/JPY
The daily chart shows a sharp price appreciation in the pair beginning on March 24th and continued on [...]
Price action on USD/CAD, a daily chart of which is shown, has made a bullish correction up to the 1.0200 resistance price region before retreating as of Monday (4/19/2010). This correction occurs within the context of a strong downtrend and after a 22-month low below parity was hit mid-week last week. For more technical analysis [...]
