Just a quick reminder. I will be giving a seminar on forex trend trading and strength/weakness pairings at The Futures and Forex Expo in Las Vegas (September 23-25). Here are the details: http://www.moneyshow.com/lvfx/main.asp?scode=019708 . Hope to see everyone there! James Chen, CTA, CMT  Read More →

Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (9/01/2010) has broken out above several resistance levels, establishing a new 3-week high in the process. This occurs after price action broke out above an important parallel downtrend channel last week, corrected back down to re-test key 0.8850 area support as well as the top border of the broken downtrend channel, and then shot up from that support base. For more technical... 

Price action on GBP/USD (a 4-hour chart of which is shown) as of Tuesday (8/31/2010) has dropped to approach support in the 1.5350 price region. This occurs within the context of a relatively choppy descent from the 6-month high just under 1.6000 reached in early August. This descent has formed a clear downtrend resistance line. For more technical analysis on this currency pair, please click here for Tuesday’s (8/31/2010) Chart of the... 

Price action on GBP/JPY (a daily chart of which is shown) as of Monday (8/30/2010) has pulled back up to the lower border of the large rising wedge formation that it broke down last week, before reasserting its bearish stance today. The low that was reached on the wedge breakdown before pullback was in the 128.75 price region, around a 3-month low for the pair. For more technical analysis on this currency pair, please click here for Monday’s... 

Price action on EUR/USD (a 4-hour chart of which is shown) as of Friday (8/27/2010) has begun once again to lean towards a resumption of the bearish trend that originated in early August. This occurs after price hit a low just below 1.2600 earlier in the week and then made a bullish retracement. For more technical analysis on this currency pair, please click here for Friday’s (8/27/2010) Chart of the Day . James Chen, CTA, CMT * For information on... 

Price action on AUD/JPY (a daily chart of which is shown) as of Thursday (8/26/2010) has formed a large and clear triangle consolidation pattern bisected by a key support/resistance level at 76.00.  This occurs after three weeks of general bearishness that dropped price down from the very top of the triangle to its current position near the very bottom. For more technical analysis on this currency pair, please click here for Thursday’s... 

Price action on GBP/USD (a daily chart of which is shown) as of Wednesday (8/25/2010) has hesitated after approaching key 1.5350 region support on the heels of almost three weeks of bearish price action that broke down below a key uptrend support line and just established a new one-month low for the pair. For more technical analysis on this currency pair, please click here for Wednesday’s (8/25/2010)  Chart of the Day . James Chen, CTA,... 

Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (8/24/2010) has tentatively dropped below 0.8850 support to establish a new one-month low, before correcting back up. This occurs after price came down from another re-test of the top of a new parallel downtrend channel extending from the early August 0.9220 peak. For more technical analysis on this currency pair, please click here for Tuesday’s (8/24/2010) Chart... 

Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (8/23/2010) has once again respected the strong accelerated downtrend represented by the key downtrend resistance line extending from the early June high. Although the end of last week saw price rise to approach this trendline once again, the current trading week has begun with significant bearishness and with price action once again dropping to approach the 84.70 long-term... 

Price action on EUR/USD (a 4-hour chart of which is shown) as of Friday (8/20/2010) morning has broken down below multiple support levels, including a clean breakdown of an important uptrend support line extending back to the early June low of 1.1875 and a tentative break below key support at 1.2700, to hit a fresh one-month low. For more technical analysis on this currency pair, please click here for Friday’s (8/20/2010) Chart of the... 

Price action on USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/19/2010) morning has once again reached down to the key 85.00 region lows after dropping today from near 86.00. This occurs within the context of a strong, accelerated overall downtrend extending from the June high. In the event of a strong breakdown below the 84.70 long-term (15-year) low hit just last week … For more technical analysis on this currency pair,... 

Just a quick announcement. I will be speaking about forex trend trading at The Futures and Forex Expo in Las Vegas next month on September 23-25. Here are the details: http://www.moneyshow.com/lvfx/main.asp?scode=019708  . Hope to see everyone there! James Chen, CTA, CMT  Read More →

My monthly FXstreet.com webinar that I conducted yesterday, “My Daily Analysis: Finding High-Probability Trading Setups” was recorded and has been posted here: http://www.fxstreet.com/live/sessions/session.aspx?id=cb874f38-1816-4860-9f60-101a9f27e317  . Please 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... 

Price action on EUR/JPY (a 4-hour chart of which is shown) as of Wednesday (8/18/2010) has formed a descending triangle consolidation just above 109.00 after having broken down cleanly below a parallel uptrend channel extending from the June low just last week. This all occurs within the context of a longer-term downtrend extending from the October 2009 high. For more technical analysis on this currency pair, please click  Read More →

Price action on USD/JPY (a 4-hour chart of which is shown) as of Tuesday (8/17/2010) has generally consolidated in a range between the 86.50 resistance region and the 85.00 support region for the last two weeks. This consolidation occurs within the context of a steep and reliable downtrend resistance line extending from the June high. For more technical analysis on this currency pair, please click  Read More →