Forex Trading: NZDUSD testing the 0.7665 area. EURUSD back about ... We are watching the EURUSD as it moves back above the 100 hour moving average at 1.5448. The 1.5484 level is where resistance is located. NZDUSD has the 200 day moving average at 0.7665 level which will be an important level...

Canadian Dollar Will Fall Across the Board Patterns on multiple Canadian dollar crosses indicate, with a high probability, that the Loonie is about to fall across the board. We have determined risk... Go to Full Article

Euro Technical Outlook As stated yesterday, we are bearish as long as price is below 1.5594 (red line). Go to Full Article

Yen Technical Outlook The USDJPY decline is taking on an impulsive look as the drop from 105.59 is extended and probably a small 3rd wave. Go to Full Article

British Pound Technical Outlook Over the last 2 months, the pair has gone sideways and it is more likely that this serves to build a bullish base that will lead to a rally through 2.04... Go to Full Article

Swiss Franc Technical Outlook The USDCHF pattern is unfolding as expected. Go to Full Article

Canadian Dollar Technical Outlook It is time to turn bullish the USDCAD again. Go to Full Article

Australian Dollar Technical Outlook With 5 waves down from .9541 and a 3 wave rally potentially complete at .9506, at least one more bear leg is expected for the AUDUSD. Go to Full Article

New Zealand Dollar Technical Outlook We are showing a very short term chart this morning for timing purposes. Go to Full Article

Bobby's Corner-Market Open 5.9.2008 Friday May 9, 2008. Good Morning:. Last night’s jump in oil prices and continued concerns over the equity markets contributed to the dollar’s weakness overnight. Oil rose over $125/barrel as attacks against Nigeria’s oil supply continue ... Go to Full...

One more trade today I just had to take it. It looks good for swing trade but I exit it as a scalp. Bigger value per pip in eur/gbp so +9 more pips for +17 today. Go to Full Article

Euro May Enter Fastest Part of Decline The EURUSD has stalled at a resistance line and is at a point in the wave structure where probability of an acceleration lower is high. Go to Full Article

Forex Trading: Canada Unemployment Rate 6.1 versus 6.0 The net change in employment rose 19200 jobs in the month of April. This was greater than expected. The unemployment rate at 6.1% is the highest rate since June 2007. The low was 5.8%. Construction (+16200), food and accomodation ... Go to...

Forex Trading: USD/CAD touching what looks like formation bottom ... USD/CAD touching what looks like formation bottom in a comparatively benign CAD number for Unemployment rate and change in net employment, which came out as 6.1% and +19.2k. Go to Full Article

Forex Trading News: CAD Employment Data Released The Employment Change number comes out higher than expected at 19.2K from the previous 14.6K. 10.0K was forecast. The Unemployment Rate comes out a drop higher as well at 6.1K from the previous 6.0%. No change was expected. ... Go to Full Article