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It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

Price action on USD/CAD, a daily chart of which is shown, has made a bullish correction up to the 1.0200 resistance price region before retreating as of Monday (4/19/2010). This correction occurs within the context of a strong downtrend and after a 22-month low below parity was hit mid-week last week. For more technical analysis on this currency pair, please click here for Monday’s (4/19/2010) Chart of the Day.
- James Chen, CTA, CMT
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Tags: resistance, Correction, james chen, 1.0200, Bullish, original article, …

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

Price action on AUD/USD, a daily chart of which is shown, has made yet another bullish push within the context of a continuing uptrend support line extending from the early February low. This bullishness occurs despite a slight dip below the trendline on Monday that ultimately failed to close below the line. Currently, the key upside resistance barrier to watch continues to reside around the 0.9400 long-term high price region. For more technical analysis on this currency pair, please click here for Tuesday’s (4/20/2010) Chart of the Day.
- James Chen, …

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

Posted on April 20, 2010 at 16:01 in Announcements, Education by James Chen
I will be holding my monthly webinar here on FXstreet.com next week that is open to all. It is entitled
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Tags: Webinar, high probability trading, april 20 <BR/>

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

James Chen on New Book – Essentials of Technical Analysis for Financial Markets (Wiley)bogdan on New Book – Essentials of Technical Analysis for Financial Markets (Wiley)Mohammad Abedi on bogdan on Gold – Steep Bullishness ContinuesNext webinarTracking the forex market together / Part Iby Dr. S. SivaramanApril 30, 05:00 GMTRegister for the webinar
TagsFXstreet.com WeblogsCEO’s WeblogWayne McDonellJerry FurstDr. S. SivaramanValeria BednarikJames ChenRoss YamashitaRaghee HornerRon SchellingRyan O’KeefeDavid AranzabalCésar B. LeiceagaIan ColemanGreg MichalowskiTrader of the YearLinksPosted on April 21, 2010 at 15:36 in Analysis by James Chen
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Tags: EUR/GBP, …

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

bogdan on Mohammad Abedi on EUR/GBP – Trendline Support Breakdownbogdan on Gold – Steep Bullishness ContinuesNext webinarTracking the forex market together / Part Iby Dr. S. SivaramanApril 30, 05:00 GMTRegister for the webinar
TagsFXstreet.com WeblogsCEO’s WeblogWayne McDonellJerry FurstDr. S. SivaramanValeria BednarikJames ChenRoss YamashitaRaghee HornerRon SchellingRyan O’KeefeDavid AranzabalCésar B. LeiceagaIan ColemanGreg MichalowskiTrader of the YearLinksPosted on April 21, 2010 at 15:39 in Announcements, Education by James Chen
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Tags: forex market, Essentials, education <BR/>

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

Substantially bearish price action on EUR/USD, a daily chart of which is shown, has once again descended to re-test the 10-month lows that were hit in late March (1.3266) and double-tested in early April (1.3281). The current re-test of these lows could either become a triple bottom low or turn into a key support breakdown scenario. In the event of the latter case, price will have finally confirmed a downtrend continuation. For more technical analysis on this currency pair, please click here for Thursday’s (4/22/2010) Chart of the Day.
James Chen, …

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

bogdan on Mohammad Abedi on EUR/GBP – Trendline Support Breakdownbogdan on Gold – Steep Bullishness ContinuesNext webinarTracking the forex market together / Part Iby Dr. S. SivaramanApril 30, 05:00 GMTRegister for the webinar
TagsFXstreet.com WeblogsCEO’s WeblogWayne McDonellJerry FurstDr. S. SivaramanValeria BednarikJames ChenRoss YamashitaRaghee HornerRon SchellingRyan O’KeefeDavid AranzabalCésar B. LeiceagaIan ColemanGreg MichalowskiTrader of the YearLinksPosted on April 21, 2010 at 15:39 in Announcements, Education by James Chen
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Tags: gbp, financial markets, (Wiley) <BR/>

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

Price action on EUR/GBP, a daily chart of which is shown, has once again dropped down to key support in the 0.8600 price region. This occurs after price broke down below a confluence of two uptrend support lines, one extending from the June 2009 low and the other extending from the July 2007 low. After that breakdown, price hit its downside support target around 0.8600 on Friday, but quickly corrected back up to re-test the trendline confluence. For more technical analysis on this currency pair, please click here for Monday’s …

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

Price action on EUR/USD, a daily chart of which is shown, has respected key resistance in the 1.3400 price region within a strong overall downtrend, and has dropped back down to re-test strong support just above the 1.3250 region. This occurs after price has consolidated within the past couple of days between these two support/resistance areas. The directional bias from a technical perspective continues to be bearish in line with the overall downtrend in the pair. For more technical analysis on this currency pair, please click here for Tuesday’s (4/27/2010) …

It\'s the Economy, Stupid! »

[14 Jun 2010 | No Comment | ]

Price action on USD/JPY, a daily chart of which is shown, has continued to follow a rough uptrend support line extending from the early March low just above 88.00. More recently, after breaking out above a long-term parallel downtrend channel in late March, price shot up to reach a high just below 95.00 in early April. Finally, early last week price launched off the key 92.00 support region, and currently appears to be targeting the 95.00 area once again. For more technical analysis on this currency pair, please click here …