FX Path

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EUR/USD - 18-Month Low and Still Bearish Posted: 14 May 2010 10:22 AM PDT Price action on EUR/USD, a daily chart of which is shown, has just broken down swiftly below the key 1.2500 support level, establishing a new 18-month low and lending a significant additional bearish bias to this strongly downtrending currency pair. A continuation of the steep overall downtrend has now been confirmed, with price currently targeting a key downside support target in the 1.2300 price region. For more technical analysis on this currency pair, please click here for Friday’s (5/14/2010) 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. * For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.

Forex Multiple Timeframe Trading Video Posted: 14 May 2010 07:38 AM PDT I just posted a video on YouTube giving a brief overview of a high-probability trend-following strategy called Multiple Timeframe Trading. Here is the link: http://www.youtube.com/watch?v=IUVQuuVLzRo . Enjoy! 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. * For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.

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