Trading University Daily

Despite some early drama on the downside during the Tokyo session the major currencies recovered during the U.S. morning session to continue their previous lazy pace.  The Yen pairs recovered also though still remained in negative territory. You can see on the TrendMap below how the short-term trends on both the Weekly & the Daily time frames are lower for AUDJPY, EURJPY, [...]

While the current direction for GBPUSD is now down on both the Daily and Weekly charts, the direction on the Monthly chart is still higher, with the July low just below 160.00 the level to watch. This pair topped out at a near perfect 50% retracement of the sell-off from March 2008 thru January 2009, and has struggled since. [...]

GBPJPY continues to respect the Monthly Price Point at approx 153.50 – see 240 minute chart below.  A close below this level come month end will be a powerful indication that monthly direction has now shifted lower. Jay Norris jnorris@brewerinvestmentgroup.com 800-971-2154 DISCLAIMER: Futures, options and Forex (off-exchange foreign currency futures and options, or “FX”) trading involves [...]

The current saw-tooth pattern to the majors continued with markets see-sawing higher today in sympathy with the current trend in the euro after being dragged lower by the current trend in the Pound yesterday.  Bad news was good news today with the markets taking the relative transparency of the FIDC”s reporting of more problem banks as another sign the worst [...]

Many traders want to believe that there is a commonality which runs through the markets which they can discern and will lead to profitable trading. There certainly are leading indicator markets, but the challange comes in figuring out which markets are going to lead at any particular point in the global business cycle.  We understand the impotance of applying [...]

Last Friday left EURUSD, AUDUSD & EURJPY poised to party on the upside, which they did today thru Tokyo until GBPUSD and GBPJPY spoiled the fun by selling off sharply ahead of the London open. Parallel analysis aka Dow Theory states that if one index makes a higher high it needs to be confirmed by a second index for the move to be classified [...]