Seeking Alpha

James Chen's  Instablog

James Chen
30 Followers
1 Following
Send Message
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
  • USD/JPY Hits New All-Time Low Within Bearish Trend Channel


    USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend channel that extends back to the early April high around 85.50. The downtrend channel has prompted the pair to drop below successively lower support levels, including the key 80.00 and 78.00 levels. For more USD/JPY forex technical analysis, please click here.

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


    Oct 26 12:33 PM | Link | Comment!
  • GBP/USD Hits Key 1.6000 Resistance


    GBP/USD (daily chart) as of Monday (10/24/2011) has extended its rise up to the key 1.6000 psychological resistance level before backing off slightly. This occurs within the context of a steep bullish correction that began after price hit its 1.5270 low in early October. The current 2+ week bullishness has risen to more than 50% of the precipitous fall from the August 1.6616 high to the noted October 1.5270 low. For more GBP/USD forex technical analysis, please click here.

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

    Oct 24 1:40 PM | Link | Comment!
  • EUR/CHF Turns Down from Resistance Confluence


    EUR/CHF (daily chart) as of Thursday (10/20/2011) has hit and tentatively respected a key resistance confluence that includes both a long-term descending resistance trend line extending back almost two years, and a key support/resistance line at the important 1.2400 level. Therefore, price is currently at a critical juncture. For more EUR/CHF forex technical analysis, please click here.

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

    Oct 20 3:00 PM | Link | Comment!
Full index of posts »
Latest Followers

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.