Forex Trading: USDCHF Tested and held support USDCHF held the support area from earlier post and has moved back up through 1.0300. Go to Full Article

Forex News: ECB Constancio on the wires SITUATION IS `WORRISOME'; DEEP US RECESSION WOULD HAVE WORLD IMPACT; MARKET TENSION MAY HAVE SIGNIFICANT ECONOMIC IMPACT; MARKET TENSIONS WILL HAVE ECONOMIC CONSEQUENCES; DOLLAR IS A PROBLEM; CENTRAL BANKS HAVE DUTY TO NORMALIZE MONEY ... Go to...

Forex Trading: EURUSD and GBPUSD breaking through 100 hour moving ... EURUSD 1.5346 and GBPUSD 2.0070 are the 100 hour moving averages which should contain rallies. Go to Full Article

Forex Trading: EURGBP breaks through support The EURGBP has come off after the move today, breaking through the 100 and 200 hour moving averages. They come in a the 0.7647 area. Watch this area as resistance. Support comes in at 0.7609 area. Go to Full Article

New Zealand Dollar Technical Outlook Since the top in July at .8108, we contend that the NZDUSD is tracing out a large expanded flat. Go to Full Article

Yen Technical Outlook We are sticking with our assessment that a 5 wave drop from 108.35 may be complete at 101.40. This does not change the long term bearish call for the pair... Go to Full Article

British Pound Technical Outlook The rally from 1.9361 is wave C within the A-B-C advance from 1.9337. Wave C should divide into 5 waves and so far there are only 3 waves up. As such,... Go to Full Article

Euro Technical Outlook The entire rally from 1.4438 could be complete at 1.5460. Wave 5 exceeded where it would equal wave 1 at 1.5462. It is possible that wave 5 extends closer... Go to Full Article

Swiss Franc Technical Outlook The drop from 1.1103 (wave 3 within the 5 wave drop from 1.1591) is complete as there are 5 waves down. Look for a correction to reach 1.0458 over the... Go to Full Article

Forex Trading: EURUSD held the moving average So far the EURUSD tested the 100 hour moving average, hit some stops, but bounced shortly after. Seeing the short covering rally now. I would expect more volatile trade, but should see offers higher. Go to Full Article

Forex trading; GBPJPY Update The GBPJPY is still in the range. Watch the levels below. Go to Full Article

Forex Trading: USDCHF should find support at 102.56 If this action works, it should support USDCHF. The verdict is still out but watch 1.0256 as the support level. Go to Full Article

Forex News:Fed and Central Banks Announce plans to increase ... The addition of the funds is in an attempt to help the mortgage and credit markets and liquify the markets. The stock markets are getting a bid as is the dollar. Below is the Statement from the Fed. read more. Go to Full...

Forex News: Trade Balance higher than expected for both USD and CAD The Trade Balance figures for both the USD and CAD were released both higher than expected. The USD Trade balance came out at -58.2B from the previously revised -57.9B. This number was forecast at -59.5B. ... Go to Full...

Forex Trading: GBPJPY testing 100 and 200 hour moving average The GBPJPY tested the 100 and 200 hour moving averages and held so far. Go to Full Article