Jan 22, 2010

FX Path

FX Path

EUR/JPY - Near Key Range Support

Posted: 22 Jan 2010 09:20 AM PST

EUR/JPY Daily ChartPrice action on EUR/JPY, a daily chart of which is shown, has descended all the way down to reach and dip below key support around the 127.00 price region. This occurs within the context of a prolonged sideways trading range that the pair has been entrenched in since at least mid-2009. Currently, bearishness in the euro against the yen has been a prevailing theme for more than a week. In the process, price has just hit a fresh 9-month low with even further bearishness likely. For more technical analysis on this currency pair, please click here for Friday’s (1/22/2010) 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.

DVD Set: High-Probability Trend Following in the Forex Market

Posted: 22 Jan 2010 06:14 AM PST

I’m very pleased to announce the release of my brand new DVD set created in conjunction with FXstreet.com. It’s entitled “High-Probability Trend Following in the Forex Market” and features top technical methods and strategies used by professional trend-following traders in the forex market. This powerful trading course will teach you exactly how to approach and trade currencies using proven trend-following techniques. The 2-DVD set provides detailed explanations and clear, real-world chart examples. For more information and to order, please click on the following link: http://www.fxstreet.com/education/forex-dvds/high-probability-trend-following/ . Thank you!

- 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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