Price action on EUR/GBP, a daily chart of which is shown, has made a minor bearish correction within a steep overall uptrend. This occurs after price hit an approximate 6-month high around 0.9300 with a clear shooting star candle (a bearish indication) earlier in the week. As of Wednesday (9/30/2009), the bearish retracement has descended down to a strong support/resistance level in the 0.9075 price region before bouncing back up. For more technical analysis on this currency pair, please click here for Wednesday’s (9/30/2009) Chart of the Day.

- 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

After hitting a 13-month high close to the 0.8800 resistance last week, price action on AUD/USD, a daily chart of which is shown, has consolidated horizontally just above a key uptrend support line extending from the March lows. This currency pair is still very much entrenched in a clear uptrend, and the directional bias still appears to be to the upside. The key upside resistance level to watch for is the noted 0.8800 resistance. For more technical analysis on this currency pair, please click here for Tuesday’s (9/29/2009) Chart of the Day.

- 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

After forming the potential beginnings of a double-bottom pattern, price action on USD/CAD, a daily chart of which is shown, has risen to make a tentative breakout above a key downtrend resistance line extending from the 1.3060 long-term high reached in March. Currently, a key upside resistance level to watch for is the 1.1120 price region, which represents the rough peak of the potential double-bottom formation. For more technical analysis on this currency pair, please click here for Friday’s (9/25/2009) Chart of the Day.

- 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

Prolonged consolidation on GBP/USD, a daily chart of which is shown, has assumed a substantially more bearish bias than the euro against the dollar. This can be seen in the significant jump that the key EUR/GBP cross has made as of Thursday (9/24/2009). In the case of GBP/USD, the immediate event to watch for would be a strong breakdown below 1.6100 support. For more technical analysis on this currency pair, please click here for Thursday’s (9/24/2009) Chart of the Day.

- 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

Bullish price action on EUR/USD, a daily chart of which is shown, has just hit a precise one-year high, as Tuesday’s (9/22/2009) high was shy of the high reached a year ago on 9/23/2008 by just a few pips. In the process, price has approached strong historical resistance in the 1.4900-1.4950 price region. For more technical analysis on this currency pair, please click here for Tuesday’s (9/22/2009) Chart of the Day.

- 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

As with other dollar-based currency pairs, AUD/USD, a daily chart of which is shown, has begun to show signs of some dollar recovery after the pummeling that the greenback has been taking against several currencies in the past couple of weeks. After reaching a high of 0.8775 late last week, this overbought pair fell substantially both right before last week’s close and on this week’s open. For more technical analysis on this currency pair, please click here for Monday’s (9/21/2009) Chart of the Day.

- 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

Price action on Gold, a daily chart of which is shown, after just breaking out above the previous 1006 resistance high and hitting a new high near 1024 this week, has dipped back down to the level of breakout. This price action occurs within the context of both a long-term uptrend as well as a steep short-term uptrend extending from the beginning of September. For more technical analysis on Gold, please click here for Friday’s (9/18/2009) Chart of the Day.

- 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

By dropping down to 1.0650 and approaching strong support in the process, price action on USD/CAD, a daily chart of which is shown, is close to confirming an overall downtrend continuation. This downtrend has been in place since the March high just above 1.3000. Currently, if price breaks down below the 1.0630 support region, which represents a 10-month low and the lowest low in the current downtrend, the downtrend continuation will have been confirmed. For more technical analysis on this currency pair, please click here for Wednesday’s (9/16/2009) Chart of the Day.

- 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

The registration deadline is quickly approaching for FXstreet.com’s International Traders Conference (ITC) that will be held on October 14-16, 2009 in Barcelona (Spain).  I will be a key speaker along with a roster of prominent, top-notch forex traders and analysts: Valeria Bednarik, Rob Booker, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar. It will be the most interactive forex event of the year. You will be in direct contact with the experts for several hours each day, learning specific strategies and LIVE TRADING side-by-side during the American and European trading sessions.

DEADLINE TO REGISTER IS OCTOBER 2ND: http://www.traders-conference.com/ .

Hope to see you in Barcelona!

- James Chen, CTA, CMT

* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.

Price action on EUR/JPY, a daily chart of which is shown, has just made yet another pronounced bounce up off the highly significant 131.00 support level, which has served both as support and as resistance on numerous occasions in the past. Currently, the bounce off this level coincides with a bounce up off a key uptrend support line extending from early March. For more technical analysis on this currency pair, please click here for Tuesday’s (9/15/2009) Chart of the Day.

- 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