Forex Bull

A look at a 4-hour chart of the AUD/NZD confirms once again just how weak the AUD has become recently.

Our trend for the day is EUR/AUD

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Identifying Trades with DailyFX 10.08.08 (Daily FX)

Earlier this week, we said that USDCAD was testing above resistance at the upper boundary of a Rising Wedge formation established in September 2007. We suggested looking for a daily close above this level to confirm the bullish breakout and initiate a long position between 1.0825 and 1.0850 targeting near the May 2007 swing high.

GBPUSD breaks below 1.7445 previous low support and reaches as low as 1.7318 level. Deeper decline could be seen to 1.6500 zone in a couple of weeks. Initial resistance is

Wed, 08th of October, 2008 By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook The EURUSD was corrected higher yesterday.

The dollar slipped against the Japanese yen late Tuesday night. The greenback fell to 101.22 yen from the 101.71 yen it bought in late afternoon trading.

Hi there fellow traders! Herewith is my daily video recap for October 7, 2008, in which I discuss what happened on the market today, in our Live Forex Trading Room . http://www.youtube.com/watch?v=sXcu96HE8cU Today’s Probability Studies can be found on our blog right here: http://blog.fxinstructor.com/07-october-probability-studies-fomc-minutes-eyed/ To learn more about the Live Trading Room , please click here

Wheat prices rose Tuesday after the dollar weakened against the euro, boosting the appeal of commodities as a hedge against inflation.

Indications of potential Fed rate cuts weighed on the US dollar, but end to SEC’s short-selling ban likely to be the big story on Wednesday…