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James Chen's  Instablog

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
  • Gold Struggles to Recover


    Gold (daily chart) as of Wednesday (10/12/2011) has continued its struggle to recover from the precipitous drop that brought price down from its latest all-time high of 1920 in early September down to a low of 1532 in late September. That three-week plunge of almost $400 culminated in a large hammer candle right down at the 200-period simple moving average support. For more gold technical analysis, please click here.

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


    Oct 12 11:21 AM | Link | Comment!
  • AUD/USD Tentatively Respects Parity


    AUD/USD (daily chart) as of Tuesday (10/11/2011) has tentatively respected key resistance around parity (1.0000), turning down in trading on Tuesday after rising just a few pips above the parity level. This occurs after five straight days of net bullish price action that saw price rise steeply from its 0.9400 support level. For more AUD/USD forex technical analysis, please click here.

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

    Oct 11 12:33 PM | Link | Comment!
  • USD/CHF New Bullish Trend Targets Higher Highs


    USD/CHF (daily chart) as of Wednesday (10/05/2011) has continued to display a strong bullish bias in line with the new bullish trend that has been in place since the prior long-term downtrend was broken to the upside in early September. After that trend breakout, the new uptrend has been displaying the characteristics of a well-formed and technically-behaving bullish trend. For more USD/CHF forex technical analysis, please click here.

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


    Oct 05 12:45 PM | Link | Comment!
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