Posts Tagged ‘within’
The downtrend is not letting up in the USD/CAD so far as the Asian session has opened for the week and the loonie continues to hammer the dollar. Not completely surprising the the slight bounce being seen on the daily time frame.
Consider that the trading range for Friday took the USD/CAD from a high of [...]
Price action on EUR/CHF (a daily chart of which is shown) as of Tuesday (3/29/2011) has been making a bullish correction rally after approaching a re-test of the all-time low just above 1.2400 around a week and a half ago. This occurs within the context of a long-term downtrend that has been in place since [...]
Price action on GBP/USD (a daily chart of which is shown) as of Monday (3/14/2011) has once again bounced off support in the key 1.6000 support region. This price area is also the 38.2% Fibonacci retracement of the most recent major bullish trend run, from the 1.5344 low at the very end of 2010 to [...]
Price action on EUR/CHF (a daily chart of which is shown) as of Wednesday (2/23/2011) has dropped down to key support in the 1.2800 price region. This occurs after a key uptrend support line extending from the early January low was broken down in mid-February. For more technical analysis on this currency pair, please click [...]
Price action on GBP/USD (a daily chart of which is shown) as of Monday (1/10/2011) has continued to consolidate well above key support in the 1.5350 price region within the context of a clear bearish trend extending from the early November 2010 1.6300 highs. The overall directional bias on GBP/USD continues to be bearish. For [...]
Price action on USD/JPY (a 4-hour chart of which is shown) as of Tuesday (12/21/2010) has retraced to support in the 83.50 price region, which is also close to approaching the lower border of a key parallel uptrend channel extending from the late October lows. This occurs after price action respected and descended from strong [...]
Price action on USD/JPY (a 4-hour chart of which is shown) as of Friday (12/10/2010) has displayed the fact that the U.S. dollar has shown marked strength this week while the Japanese yen has shown almost equally marked weakness against the other major currencies. After having re-broken back above the 83.00 support/resistance region early in [...]
Price action on EUR/USD (a daily chart of which is shown) as of Thursday (11/18/2010) has made a tentative bullish turn after descending to approach very closely the 50% Fibonacci retracement level of the last major bullish run (from the late August low to the early November high). For more technical analysis on this currency [...]
Price action on USD/CAD (a daily chart of which is shown) as of Friday (10/15/2010) has shown some bullish correctiveness today after hitting parity (1.0000) on Thursday, but overall the pair still appears biased to the downside in line with the steep downtrend. For more technical analysis on this currency pair, please click here for [...]
Price action on USD/CHF (a 4-hour chart of which is shown) as of Monday (10/11/2010) has made a minor bullish retracement after hitting an all-time low of 0.9554 late last week. This occurs within the context of an exceptionally steep downtrend that has characterized this pair since the high above 1.1700 in early June. Currently, [...]
