FX Path

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Webinar - My Daily Analysis: Finding High-Probability Trading Setups Posted: 01 Jun 2010 10:53 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, June 7, 2010 at 16:00 GMT (12:00 Noon, 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=a7ad1b34-aa26-46b2-ad19-8e9de36a1185. 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. * For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.

EUR/USD - Support Break to New 4-Year Low Posted: 01 Jun 2010 08:29 AM PDT Price action on EUR/USD, a daily chart of which is shown, has once again descended as of Tuesday morning (6/01/2010) New York session. Today's drop tentatively broke down below the prior 1.2140 short-term support, establishing yet a new 4-year low for the pair around the 1.2110 price region. This occurs within a continuing strong and steep downtrend. For more technical analysis on this currency pair, please click here for Tuesday’s (6/01/2010) 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.

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