Listen "Forex Daily Podcast - Friday, December 16, 2005"
Episode Synopsis
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We think the EUR and GBP have a bit more to rise, hopefully they become our trade favorites for next week.
The EUR has been trading sideways for the past day and currently trades at 1.1982. We are still favoring a slight move up on the EUR.
The GBP has been running sideways for the past day and is currently at 1.7687.
The CHF has also been moving mostly sideways and trades at 1.2900.
We're loving that JPY, It moved just like we thought yesterday. Now the question becomes did that complete the move down or do we have one more move down left? Becuase the run down yesterday looks more to me like a 3 wave than a 5 five, I'm favoring one more move down. This current run up on the JPY has to end in a 5 wave (wave c) for this interpretation to be correct. So we will watch as the pattern unfolds today. The JPY currently trades at 116.15.
The CAD has been trading sideways and is at 1.1568.
More episodes of the podcast Forex Daily Podcast
Forex Daily Podcast for December 3, 2006
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Forex Daily Podcast for August 23, 2006
24/08/2006
Forex Daily Podcast for August 18, 2006
18/08/2006
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