Forex Forecast Outlook & Trade Dissection Reviews

The December Dollar was higher overnight as it extends the rally off
August's low. Stochastics and the RSI are overbought, diverging but are turning
bullish signaling that sideways to higher prices are possible near-term. If
December extends the rally off August's low, the 87% retracement level of this
year's decline crossing at 81.35 is the next upside target. Closes below the
20-day moving average crossing at 78.10 are needed to confirm that a short-term
top has been posted. First resistance is the overnight high crossing at 80.43.
Second resistance is the 87% retracement level of this year's decline crossing
at 81.35. First support is the 10-day moving average crossing at 78.96. Second
support is the 20-day moving average crossing at 78.10.

The December Euro was lower overnight as it extends the decline off August's
high. Stochastics and the RSI are bearish signaling that sideways to lower
prices are possible near-term. If December extends the decline off August's
high, the 75% retracement level of the 2010-2011-rally crossing at 128.78 is
the next downside target. Closes above the 20-day moving average crossing at
136.13 are needed to confirm that a short-term low has been posted. First
resistance is the 10-day moving average crossing at 134.63. Second resistance
is the 20-day moving average crossing at 136.13. First support is the overnight
low crossing at 131.42. Second support is the 75% retracement level of the
2010-2011-rally crossing at 128.78.

The December British Pound was lower overnight and poised to renew the
decline off August's high. Stochastics and the RSI are turning bearish
signaling that sideways to lower prices are possible near-term. If December
renews the decline off August's high, the 75% retracement level of the
2010-2011-rally crossing at 1.5243 is the next downside target. Closes above
the 20-day moving average crossing at 1.5657 are needed to confirm that a
short-term low has been posted. First resistance is the 20-day moving average
crossing at 1.5657. Second resistance is the reaction high crossing at 1.5852.
First support is this month's low crossing at 1.5316. Second support is the 75%
retracement level of the 2010-2011-rally crossing at 1.5243.

The December Swiss Franc was lower overnight as it extends Monday's decline
below the 62% retracement level of the 2010-2011-rally crossing at .10916.
Stochastics and the RSI are bearish signaling that additional weakness is
possible near-term. If December renews the decline off August's high, the 75%
retracement level of the 2010-2011-rally crossing at .10222 is the next
downside target. Closes above the 20-day moving average crossing at .11248 are
needed to confirm that a short-term low has been posted. First resistance is
the 10-day moving average crossing at .11068. Second resistance is the 20-day
moving average crossing at .11248. First support is the reaction low crossing
at .10821. Second support is the 75% retracement level of the 2010-2011-rally
crossing at .10222.

The December Canadian Dollar was lower overnight as it extends the decline
off July's high. Stochastics and the RSI are oversold but are neutral to
bearish signaling that sideways to lower prices are possible near-term. If
December extends the decline off July's high, the August 2010 low crossing at
93.00 is the next downside target. Closes above the 20-day moving average
crossing at 98.76 are needed to confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 96.62. Second
resistance is the 20-day moving average crossing at 98.76. First support is the
87% retracement level of the 2010-2011-rally crossing at 94.61. Second support
is the August 2010 low crossing at 93.00.

The December Japanese Yen was slightly lower overnight as it extends the
trading range of the past two months. Stochastics and the RSI are bearish
signaling that sideways to lower prices are possible near-term. If December
extends this year's rally, August's high crossing at .13180 is the next upside
target. If December renews the decline off August's high, the 25% retracement
level of the 2010-2011-rally crossing at .12657 is the next downside target.
First resistance is the reaction high crossing at .13158. Second resistance is
August's high crossing at .13180. First support is the reaction low crossing at
.12860. Second support is 25% retracement level of the 2010-2011-rally crossing
at .12657.

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