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James Chen
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James Chen, CTA, CMT is Director of Technical Research and Education at FXDD, a global leader in foreign exchange trading. He is also a registered Commodity Trading Advisor and a Chartered Market Technician. He is the author of the books, "Essentials of Foreign Exchange Trading" (John... More
My blog:
FX Path
My book:
Essentials of Foreign Exchange Trading
  • EUR/USD Bearish Correction of Bullish Correction


    EUR/USD (daily chart) as of Tuesday (11/01/2011) has dropped precipitously since the beginning of this trading week from its high last week around key 1.4250 resistance (also the underside of the major uptrend support line extending from the June 2010 low). This dramatic fall broke down below several key levels, including 1.4000 and 1.3830, and occurs after a steep bullish run of over 1100 pips that extended through most of the month of October. For more EUR/USD forex technical analysis, please click here.

    James Chen, CTA, CMT
    Director of Technical Research and Education
    FXDD


    Nov 01 12:31 PM | Link | Comment!
  • EUR/CHF Continues Bearish Downturn Within Long-Term Downtrend


    EUR/CHF (daily chart) as of Monday (10/31/2011) has continued its fall towards the significant 1.2000 psychological support level after having turned down two weeks ago from an important long-term downtrend resistance line extending from the December 2009 high and the key 1.2400 price region. For more EUR/CHF forex technical analysis, please click here.

    James Chen, CTA, CMT
    Director of Technical Research and Education
    FXDD

    Oct 31 12:06 PM | Link | Comment!
  • USD/CHF Follows Through on Head-and-Shoulders Pattern Breakdown


    USD/CHF (daily chart) as of Thursday (10/27/2011) has extended its fall substantially after breaking the neckline of a well-formed head-and-shoulders reversal pattern. Thursday’s price action saw the pair drop more than 200 pips to hit a 7-week low just below 0.8600, approaching key support in the 0.8550 price region. For more USD/CHF forex technical analysis, please click here.

    James Chen, CTA, CMT
    Director of Technical Research and Education
    FXDD

    Oct 27 12:05 PM | Link | Comment!
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