Forex Daily Podcast - Friday, December 16, 2005

Over the past month and 1/2 we've been able to count more than 1100 pips that you could have caught based on our podcasts. That's 1100 pips. Because we think we've proved our value to this community we've started accepting donations. If our podcasts have helped you make successful trades we ask that you consider giving some back. We want you to win, and we think it's ok to share in your success if we've contributed to it. Likewise, if we haven't contributed to your success please don't feel obligated. We only want to win when you win. There is a PayPal Donation button on the top right part of the page at forex.podomatic.com. 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.