Mar 12, 2010

FX Path

FX Path

Special Webinar Next Week: How To Trade Forex

Posted: 12 Mar 2010 11:10 AM PST

I will be participating in a special free FXstreet.com webinar next week entitled: “How To Trade Forex - Trading Gurus Reveal Their Secrets”. This two-part webinar will be held on Tuesday, March 16 and Wednesday, March 17. On both days, featured webinar presentations will begin at 15:00 GMT (11:00 AM U.S. Eastern Time). Besides myself, featured speakers will include: Markus Heitkoetter, Rob Booker, Andrei Pehar, Valeria Bednarik, and Kim Cramer Larson. For more information and to register for these sessions, please click on the following links:

Part 1: http://www.fxstreet.com/live/sessions/session.aspx?id=c7c5e40c-07b0-4cee-9f78-e313ef8f9e7d
Part 2: http://www.fxstreet.com/live/sessions/session.aspx?id=61a8b188-4411-47ad-b8f5-417c03406173

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.

USD/CAD - Breaks Down 1.0200; Potentially Targeting Parity

Posted: 12 Mar 2010 09:46 AM PST

Bearish price action on USD/CAD, a daily chart of which is shown, has finally made a tentative breakdown below the key 1.0200 support level after respecting this level several times this week. Friday's (3/12/2010) breakdown of 1.0200 establishes a new 19-month low for this pair. The current bearishness puts USD/CAD on a potential path towards parity (1.0000), a level not reached since July 2008. For more technical analysis on this currency pair, please click here for Friday’s (3/12/2010) Chart of the Day.

- 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.

 
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