Forex Daily Podcast

We had a good day overall yesterday, we called for at least a more complex correction and the market delivered. The CAD gave us a number of good entries for it's run down. The JPY provided a beautiful Elliott Pattern up from the 116.74 low and looks to be the best trade setup. Today is shaping up to be a mixed bag. The EUR looks to be in a contracting triangle or ending diagonal, it'll take a bit more time to see how this pattern unfolds. The EUR currently trades at 1.1868 The GBP looks to be in a contracting triangle. So it should get into a tighter range then breakout to the topside or the bottom. It should run down to the 1.7320 level and bounce higher. The USD/GBP currently trades at 1.7345. The CHF looks to be running up as an ending diagonal which means it should keep trending higher, in 3 wave moves, it due to make a 3 wave move lower near these levels or slightly higher. The USD/CHF currently trades at 1.3168. The JPY has a beautiful impulsive wave up forming. We are looking for trades