Today's message about the Forex Trading Alerts is going to be short as Nadia Simmons is still not in the position to write the regular issue in full today. However, she is keeping an eye on market developments, and has sent in the following summary:

The euro is challenging the mid-September lows as it has broken from the blue consolidation to the downside. The daily indicators continue pointing in the direction of further deterioration. Today's USD/JPY upswing notwithstanding, the pair is still trading inside the declining grey trend channel after the earlier breakout above its upper border has been invalidated. The daily indicators keep supporting the downside move and the short position remains justified. GBP/USD is at the lower border of the blue consolidation, trading well below the previously-broken pink resistance zone. The downside move is favored by both the CCI and Stochastic Oscillator, and the profitable short position remains justified. USD/CHF keeps sliding after its Thursday's reversal, and today's upswing is a mere correction. The profitable short position remains justified. Apart from these, there're no other opportunities worth acting upon in the currencies. As always, we'll keep you - our subscribers - informed.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist