Technical Trading Tips and Techniques by 
(Please click on the accompanying chart to enlarge.)
Like the breakouts on the other majors that occurred yesterday, the USD/CHF break above downtrend resistance (as shown on the daily chart to the left), turned out to be a great breakout trading opportunity thus far. As of this writing on early Wednesday morning (New York time), the dollar has held the ground that it gained yesterday on all the majors, and then gained a bit more on top of that this morning. Whether there is additional follow-through on the breaks should be evident as the morning progresses.
- James
James Chen is the Chief Technical Analyst at FX Solutions,
a leading Forex broker. He is also a registered Commodity Trading
Advisor (CTA) and a Chartered Market Technician (CMT) Level 3
candidate. At FX Solutions, Mr. Chen writes daily currency analysis,
conducts forex trading seminars, and has authored numerous articles on
currency trading and technical analysis for major financial
publications. His upcoming book, Essentials of Foreign Exchange Trading
(John Wiley & Sons), will be released in early 2009.
Hi have you taken over from Tony ?? regards Lorraine
Hi Lorraine,
Thanks for your question. Who’s Tony?
- James
James , dont know his last name , he had a blog similar to yours from Spain and left you seem to have taken his spot.
I’m sorry, I am not familiar with Tony. But I just started writing this blog last month, and we also have a whole host of other new bloggers as well. So I’m not really sure if any one actually took Tony’s place. But thanks for your interest in my blog!
- James