My monthly FXstreet.com webinar that I conducted yesterday, “My Daily Analysis: Finding High-Probability Trading Setups” was recorded and has been posted here: http://www.fxstreet.com/live/sessions/session.aspx?id=cb874f38-1816-4860-9f60-101a9f27e317 . Please enjoy!James Chen, CTA, CMT* For information on my DVD set, High-Probability Trend Following in the Forex Market, please click h » Read More

Price action on EUR/USD (a 4-hour chart of which is shown) as of Wednesday (8/11/2010) has dramatically furthered its fall after this week’s bearish breakdown of the uptrend channel  that has been in place since late June. In the process, price has established a new 2+ week low. After breaking down [...] » Read More

Price action on USD/CAD (a daily chart of which is shown) as of Thursday (8/05/2010) morning, after having broken down below the large triangle early in the week, has followed through on its bearish momentum below key 1.0200 support and down to approach further support in the 1.0100 price region, establishing a new 3-month low [...] » Read More

Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (8/24/2010) has tentatively dropped below 0.8850 support to establish a new one-month low, before correcting back up. This occurs after price came down from another re-test of the top of a new parallel downtrend channel extending from the early August 0.9220 [...] » Read More

Price action on AUD/JPY (a daily chart of which is shown) as of Thursday (8/26/2010) has formed a large and clear triangle consolidation pattern bisected by a key support/resistance level at 76.00.  This occurs after three weeks of general bearishness that dropped price down from the very top of the triangle to its current position [...] » Read More

Price action on GBP/USD (a 4-hour chart of which is shown) as of Friday (8/06/2010) morning, has reached all the way up to approach key psychological resistance in the 1.6000 price region on the heels of the non-farm payrolls (NFP) report, establishing a new 6-month high for the pair. This occurs within the context of [...] » Read More

Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (9/01/2010) has broken out above several resistance levels, establishing a new 3-week high in the process. This occurs after price action broke out above an important parallel downtrend channel last week, corrected back down to re-test key 0.8850 area support as [...] » Read More

Price action on AUD/USD (a 4-hour chart of which is shown) broke down below a key uptrend support line on Monday, much like EUR/USD did during early Asian trading hours on Tuesday. In the case of AUD/USD, its uptrend line is a considerably precise and well-formed one that extends back to [...] » Read More