Forex technikal and fundamental analysis: FX Path

Feb 9, 2010

FX Path

Speaking at New York Traders Expo - Feb. 15

Posted: 09 Feb 2010 09:56 AM PST

Just a reminder that I will be speaking at the New York Traders Expo being held next week at the Marriott Marquis Hotel in Times Square, New York City on February 15 and 16.

I will be giving a live seminar covering forex trading strategy on Monday, Feb 15 at 3:45 PM, in the Ziegfeld Room. Here is the link for more information: http://www.moneyshow.com/nyot/wBios.asp?id=840733A .

Also, I will drop by the FX Street booth to sign copies of my new DVD set, High-Probability Trend Following in the Forex Market, on Tuesday, Feb 16 at 11:00 AM.

For the rest of the expo I will be at the FX Solutions booth and will be happy to speak at length with anyone that would like to drop by.

Hope to see everyone there!

- James Chen, CTA, CMT

* For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.

EUR/JPY - Steep Bearish Trend

Posted: 09 Feb 2010 08:18 AM PST

Price action on EUR/JPY, a daily chart of which is shown, has reached down and made a tentative bounce off key support in the general 122.00 price region. This occurs after the currency pair broke a long sideways consolidation by breaking down below another key support level in the 127.00 price region. The substantial recent bearishness in the pair established a new 11-month low late last week before making the current tentative bounce. Despite the bounce, price action is currently following a very steep medium-term downtrend extending from the mid-January highs. For more technical analysis on this currency pair, please click here for Tuesday’s (2/09/2010) Chart of the Day.

- James Chen, CTA, CMT

Forex technikal and fundamental analysis

Feb 9, 2010

FX Path

FX Path

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