Forex Daily Podcast

Today look for volatility from the US announcements. Nothing is at an extreme level to excite us until after the announcements. The EUR currently trades at 1.2125. The GBP currently trades at 1.7670. The CHF currently trades at 1.2750. The JPY currently trades at 115.05 The CAD currently trades at 1.1650. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Today look for volatility from the US announcements. Nothing is at an extreme level to excite us until after the announcements. The EUR currently trades at 1.2125. The GBP currently trades at 1.7670. The CHF currently trades at 1.2750. The JPY currently trades at 115.05 The CAD currently trades at 1.1650. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

Today look for volatility from the US announcements. Nothing is at an extreme level to excite us until after the announcements. The EUR currently trades at 1.2125. The GBP currently trades at 1.7670. The CHF currently trades at 1.2750. The JPY currently trades at 115.05 The CAD currently trades at 1.1650. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The RSI indicator is showing the EUR oversold this morning. We look for a rise up this morning, the EUR currently trades at 1.2071. The GBP fell overnight to the 1.7588 level on the back of UK data. Hourly RSI are showing oversold and we should get a rise here. The GBP currently trades at 1.7606. The CHF rose to 1.2852 overnight and is also showing divergence on an overbought RSI which typically leads to a fall. The CHF currently trades at 1.2835. The JPY followed just like we thought yesterday, it dropped a bit then ran right to the 115.44 level. We should get a drop of at least 20-30 pips from this level. The JPY currentl trades at 115.36. The CAD is still searching for direction and trades at 1.1593. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The RSI indicator is showing the EUR oversold this morning. We look for a rise up this morning, the EUR currently trades at 1.2071. The GBP fell overnight to the 1.7588 level on the back of UK data. Hourly RSI are showing oversold and we should get a rise here. The GBP currently trades at 1.7606. The CHF rose to 1.2852 overnight and is also showing divergence on an overbought RSI which typically leads to a fall. The CHF currently trades at 1.2835. The JPY followed just like we thought yesterday, it dropped a bit then ran right to the 115.44 level. We should get a drop of at least 20-30 pips from this level. The JPY currentl trades at 115.36. The CAD is still searching for direction and trades at 1.1593. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

The RSI indicator is showing the EUR oversold this morning. We look for a rise up this morning, the EUR currently trades at 1.2071. The GBP fell overnight to the 1.7588 level on the back of UK data. Hourly RSI are showing oversold and we should get a rise here. The GBP currently trades at 1.7606. The CHF rose to 1.2852 overnight and is also showing divergence on an overbought RSI which typically leads to a fall. The CHF currently trades at 1.2835. The JPY followed just like we thought yesterday, it dropped a bit then ran right to the 115.44 level. We should get a drop of at least 20-30 pips from this level. The JPY currentl trades at 115.36. The CAD is still searching for direction and trades at 1.1593. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

We are still looking for the EUR to move up to the 1.2350 levels. The EUR currently trades at 1.2125 and has to break 1.2180 in short order to continue the most bullish interpretations. The GBP should still be moving up to the 1.7900 and above levels, we would like to see an immediate move up to stick with our most bullish interpretation. The GBP currently trades at 1.7664. We are looking for the CHF to drop to the 1.2640 level and below. The CHF currently trades at 1.2793. The JPY broke the 114.88 high, but had very little follow through. It should try for the 115.44 level once it drops a bit. The CAD looks weak right now. We locked in our profits and exited the trade in Friday's volatility. We'll continue to watch this one. The CAD currently trades at 1.1589. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

We are still looking for the EUR to move up to the 1.2350 levels. The EUR currently trades at 1.2125 and has to break 1.2180 in short order to continue the most bullish interpretations. The GBP should still be moving up to the 1.7900 and above levels, we would like to see an immediate move up to stick with our most bullish interpretation. The GBP currently trades at 1.7664. We are looking for the CHF to drop to the 1.2640 level and below. The CHF currently trades at 1.2793. The JPY broke the 114.88 high, but had very little follow through. It should try for the 115.44 level once it drops a bit. The CAD looks weak right now. We locked in our profits and exited the trade in Friday's volatility. We'll continue to watch this one. The CAD currently trades at 1.1589. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

We are still looking for the EUR to move up to the 1.2350 levels. The EUR currently trades at 1.2125 and has to break 1.2180 in short order to continue the most bullish interpretations. The GBP should still be moving up to the 1.7900 and above levels, we would like to see an immediate move up to stick with our most bullish interpretation. The GBP currently trades at 1.7664. We are looking for the CHF to drop to the 1.2640 level and below. The CHF currently trades at 1.2793. The JPY broke the 114.88 high, but had very little follow through. It should try for the 115.44 level once it drops a bit. The CAD looks weak right now. We locked in our profits and exited the trade in Friday's volatility. We'll continue to watch this one. The CAD currently trades at 1.1589. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

I got some comments on the EUR call the other day of people that disagreed with our forecast thought the EUR was going to move down again rather than immediately up to the 1.2350 level. Both paths were possibilities and we slightly favored another correction after comparing the EUR with the CHF which tend to move opposite the EUR. We would like to see one more move lower on the EUR before moving up to the 1.2350 level. If we get our move lower we'd be looking for a trade up. The EUR currently trades at 1.2066. The GBP could be in it's next move up already however we favor one more immediate move downward to align with the EUR. The 1.7725 level is key. If we get our move down, it may complete overnight and the next move up should be powerful. The GBP currently trades at 1.7668. The CHF has had a nice move up from the 1.2714 low. Those who traded this move up were reward with 100+ pips of profit. We would like to see one more immediate move up here, then we are looking for a trade down at the end of this move. The CHF currently trades at 1.2820. Those who made the JPY trade near the 113.75 level should be happy today. We are favoring a continued move up on the JPY to the 115.44 level. The JPY needs to take out the 114.88 high to reduce the immediate bearish case. The JPY currently trades at 114.56. We have locked in profits on our CAD trade and are still looking for the 117.50 level. We've moved our stop up to the 1.1595 level. Hopefully, those who joined our web site were able to see our diagram and catch this trade. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

I got some comments on the EUR call the other day of people that disagreed with our forecast thought the EUR was going to move down again rather than immediately up to the 1.2350 level. Both paths were possibilities and we slightly favored another correction after comparing the EUR with the CHF which tend to move opposite the EUR. We would like to see one more move lower on the EUR before moving up to the 1.2350 level. If we get our move lower we'd be looking for a trade up. The EUR currently trades at 1.2066. The GBP could be in it's next move up already however we favor one more immediate move downward to align with the EUR. The 1.7725 level is key. If we get our move down, it may complete overnight and the next move up should be powerful. The GBP currently trades at 1.7668. The CHF has had a nice move up from the 1.2714 low. Those who traded this move up were reward with 100+ pips of profit. We would like to see one more immediate move up here, then we are looking for a trade down at the end of this move. The CHF currently trades at 1.2820. Those who made the JPY trade near the 113.75 level should be happy today. We are favoring a continued move up on the JPY to the 115.44 level. The JPY needs to take out the 114.88 high to reduce the immediate bearish case. The JPY currently trades at 114.56. We have locked in profits on our CAD trade and are still looking for the 117.50 level. We've moved our stop up to the 1.1595 level. Hopefully, those who joined our web site were able to see our diagram and catch this trade. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

I got some comments on the EUR call the other day of people that disagreed with our forecast thought the EUR was going to move down again rather than immediately up to the 1.2350 level. Both paths were possibilities and we slightly favored another correction after comparing the EUR with the CHF which tend to move opposite the EUR. We would like to see one more move lower on the EUR before moving up to the 1.2350 level. If we get our move lower we'd be looking for a trade up. The EUR currently trades at 1.2066. The GBP could be in it's next move up already however we favor one more immediate move downward to align with the EUR. The 1.7725 level is key. If we get our move down, it may complete overnight and the next move up should be powerful. The GBP currently trades at 1.7668. The CHF has had a nice move up from the 1.2714 low. Those who traded this move up were reward with 100+ pips of profit. We would like to see one more immediate move up here, then we are looking for a trade down at the end of this move. The CHF currently trades at 1.2820. Those who made the JPY trade near the 113.75 level should be happy today. We are favoring a continued move up on the JPY to the 115.44 level. The JPY needs to take out the 114.88 high to reduce the immediate bearish case. The JPY currently trades at 114.56. We have locked in profits on our CAD trade and are still looking for the 117.50 level. We've moved our stop up to the 1.1595 level. Hopefully, those who joined our web site were able to see our diagram and catch this trade. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

We are experiencing some technical difficulties today so this podcast will be short. If the EUR takes out the recent high, we see it continuing immediately to the 1.2350 levels. We are looking for either an immediate move to these levels or an interim move lower before moving up to the 1.2350 level. Our target is the same, we are just uncertain of the path. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

We are experiencing some technical difficulties today so this podcast will be short. If the EUR takes out the recent high, we see it continuing immediately to the 1.2350 levels. We are looking for either an immediate move to these levels or an interim move lower before moving up to the 1.2350 level. Our target is the same, we are just uncertain of the path. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading

We are experiencing some technical difficulties today so this podcast will be short. If the EUR takes out the recent high, we see it continuing immediately to the 1.2350 levels. We are looking for either an immediate move to these levels or an interim move lower before moving up to the 1.2350 level. Our target is the same, we are just uncertain of the path. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading