Technical Trading Tips and Techniques by 
Viewing daily forex charts, one can see that the past several days have been marked by clear trendline breaks on multiple currency pairs. These include:
EUR/USD - On 7/3, broke down below an uptrend support line extending from the late April low. The pair then pulled back up and has now descended once again.
GBP/USD - On 7/2, broke down below an uptrend support line extending from a late April low. Has continued its bearish run since.
AUD/USD - On 7/2, broke down below an uptrend support line extending from an early March low. The pair then pulled back up and has now descended once again.
GBP/JPY - On 7/8, broke down below an uptrend support line extending from the late January low.
EUR/GBP - On 7/6, broke out above a downtrend resistance line extending from the mid March high.
AUD/JPY - On 7/6, broke down below an uptrend support line extending from the early February low.
EUR/JPY - On 7/6, broke down below an uptrend support line extending from the late January low.
NZD/USD - On 7/2, broke down below an uptrend support line extending from an early March low. The pair then pulled back up and has now descended once again.
- James Chen, CTA, CMT
* I will be key speaker at FXstreet.com’s International Traders Conference in Barcelona, Spain in October 2009 - for more information, please go to: www.traders-conference.com .
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
* Follow my intraday forex updates on Twitter: http://twitter.com/JamesChenFX
Do know you know what cause this? I couldn’t believe these runs. Caught quite a few on an open sell on AUD/USD.
Also, I’d like to ask you about the Barcelona FxStreet conference, where can I email you?
GB
Welcome to wave 5!
Hi Gregory,
As always, thanks for your comment! You can contact me directly at (jchen at fxsol.com) regarding the FX Street ITC conference in Barcelona. Thanks!
- James Chen
Hi Sleep1iopen!
Thanks for visiting and for your wave comment!
James Chen