Price action on EUR/USD, a daily chart of which is shown, has tentatively broken down below key support in the 1.3100 price region, establishing a new 12-month low in the process. This bearish break has also confirmed a continuation of the strong downtrend that has been in place since December 2009. For more technical analysis [...] » Read More

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 [...] » Read More

Price action on gold (a daily chart of which is shown) as of Friday (7/23/2010), continues to hover just above a long-term uptrend support line that extends at least all the way back to the October 2008 low. This occurs after price pulled back to the trendline on Monday and has [...] » Read More

Price action on USD/CHF, a daily chart of which is shown, has continued to follow and respect a clear uptrend support line extending from the November 2009 lows below parity. Late last week, price dipped below this support trendline, as well as the key 1.0500 support level, but quickly recovered to end the week well [...] » Read More

Price action on EUR/USD, a daily chart of which is shown, has respected key resistance in the 1.3400 price region within a strong overall downtrend, and has dropped back down to re-test strong support just above the 1.3250 region. This occurs after price has consolidated within the past couple of days between these two support/resistance [...] » Read More

Price action on EUR/USD (a 4-hour chart of which is shown) as of Wednesday (8/11/2010) has dramatically furthered its fall after this week’s bearish breakdown of the uptrend channel  that has been in place since late June. In the process, price has established a new 2+ week low. After breaking down [...] » Read More

Price action on AUD/USD (a 4-hour chart of which is shown) as of Monday (7/26/2010) morning has just closely approached its key bullish resistance target of 0.9000, the potential for which was noted in last week’s AUD/USD analysis. This reach towards resistance, which establishes a new 2+ month high, occurs within the context of an [...] » Read More

Price action on EUR/USD, a daily chart of which is shown, has once again tentatively broken down below a countertrend bullish retracement and the key 1.3400 support/resistance level in its bid potentially to continue the strong downtrend that has been in place since the early December high. Since that high, this currency pair has been [...] » Read More