FX Path

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Webinar - My Daily Analysis: Finding High-Probability Trading Setups Posted: 20 Apr 2010 09:01 AM PDT I will be holding my monthly webinar here on FXstreet.com next week that is open to all. It is entitled "My Daily Analysis: Finding High-Probability Trading Setups" and will be held on Monday, April 26, 2010 at 16:00 GMT (12:00 PM U.S. Eastern Time). In this monthly webinar, I will show my current analysis using live chart examples that will highlight potential trading opportunities. Here is the description of this webinar: Through a wealth of current chart examples, find out the specific approach I take when performing daily currency analysis and how I use my analysis to identify high-probability trading setups based upon the prevailing trend conditions and key support/resistance levels. Learn about entry and exit setups as well as risk management techniques. For more information and to pre-register for this free webinar, please click on the following link: http://www.fxstreet.com/live/sessions/session.aspx?id=747563fa-1751-4dc0-ba87-73660e677cb2. 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.

AUD/USD - Continued Bullishness Within Uptrend Posted: 20 Apr 2010 08:40 AM PDT Price action on AUD/USD, a daily chart of which is shown, has made yet another bullish push within the context of a continuing uptrend support line extending from the early February low. This bullishness occurs despite a slight dip below the trendline on Monday that ultimately failed to close below the line. Currently, the key upside resistance barrier to watch continues to reside around the 0.9400 long-term high price region. For more technical analysis on this currency pair, please click here for Tuesday’s (4/20/2010) 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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