Greetings.

Let's take a look at the longer term USD/CHF chart.

It seems the low did hold as support and now we see a pretty clear 3 wave up movement.

In the shorter term, it looks like there is more potential room to continue up, however, watch for that move to complete then turn and move to the downside.

Look for a potential upward price of .9500, then once the wave has completed, then look for the turn back down.

Good luck with trading and be sure to apply your money management.

Greetings.

Let's take a look at the USD/JPY.

It looks like the pair has started to channel from as early as August. The pair is trying to push down but it looks like the 76.00 level is a strong support level.

The downward movement seems to be potentially fizzing out so if we can see 75.00 or 76.00 hold as strong support, we may see a strong movement up after the new year. However, be sure to apply multi-time frame analysis and don't be quick to label a breakout up as a sign the upward movement has begun.

Good luck with trading and be sure to use your money management.

Greetings.

Let's take a look at the EUR/USD chart.

It seems we're still in the process of forming a Contracting Triangle and we may see this contracting triangle continue to unravel until shortly before the new year or after the new year.

Look for the pair to continue down to around the 1.3300 area. Once it's complete, look for the pair to potentially head back up to test the 1.3700 area and above.

Good luck with trading.

Greetings.

It's that time of year again - NFP - and we're starting to see the markets ease up from yesterday in prepartation for NFP.

Here are some prices to watch for the GBP/USD:

Up: 1.5774
Down: 1.5590

Good luck with trading. Be sure to use your stops and protect profit.

We hope everyone has a great weekend!

Greetings.

Let's take a look at the EUR/JPY.

Although it does seem like the long term downtrend is still in overall control, look for the pair to potentially move up to test the 105.00 area and above.

We saw the trend line act as resistance for some time now but now it looks like it may start to act as support for the shorter term.

Good luck with tradind and be sure to use your money management.

Greetings.

Let's take a look at the USD/CHF pair.

For a long time we were seeing a shard drop of the USD/CHF and we've seen a nice retracement back up in the past couple of months. It does seem this upward movement could potentially signal a retracement, however, if this is a 3 wave movement, we may see a potential downward correction soon.

Once that downward correction completes, then look for the pair to potentially continue back up to potentially test the .9500 area and above.

Good luck with trading.

We'd also like to wish everyone in the U.S. a very happy and safe Thanksgiving weekend.

Greetings.

Let's take a look at the USD/JPY chart.

We're seeing a down movement but it looks like the pair may be getting ready for a potential upward turn. Look for the pair to potentially test the 75.00 area. Once the downward movement completes, look for the pair to turn upwards to potentially test the 80.00 area and above.

Good luck with trading and be sure to use your money management.

Greetings.

Let's take a look at the GBP/JPY hourly chart.

Look for a potential continuation of the downtrend to the 120.00 level and below. If we see a nice break of this level, we could see a down trend to test the 116.00 level and below in the longer term.

Be cautious and watch for a potential test of the upper trend line.

Good luck with trading and be sure to use proper money management.

Greetings.

Pulling up the USD/JPY daily chart, it looks like we may see some shorter term upward movement to potentially test the strong trend line. Look for a test of the 80.00 price area. The overall trend is still down so once the pair tops out, then look for a continuation of the movement down.

Good luck with trading and be sure to use you money management.

Greetings.

Let's take a look at the EUR/USD daily chart.

You can see we're in what looks to be a contracting triangle. So, look for the pair to move up to test the trendline and 1.4000 area and above. Once that move is over, then look for a move back down.

The further we contract in this contracting triangle, the larger and faster the breakout will be so be sure to use your stops and protect profits.

Good luck with trading.