Trading University Daily

Led by AUDJPY & EURJPY the yen pairs rallied sharply today to break above previous resistance and remind traders that “the good old days” of sustained price movement and healthy ranges for the complex may no longer be a thing of the past. Today’s rally kicked off at the tail end of the London morning [...]

Even on the lighter volume of the U.S. afternoon session USDJPY failed to bounce off the historic 80.00 level, which likely points to still lower prices to come.  Given the size of the rally in the Japanese currency over the past several years it isn’t hard to imagine the move culminating with a rather large [...]

There are definitely times in trading where you need to know not to trade. Generally those times are when the majors are showing conflicting trends, such as today where the daily trend was up for EURUSD yet down for AUDUSD, and markets become tangled up on the intraday time frames. Currencies tend to give the [...]

The Euro continued last Friday’s recovery rally by challenging the 140 level, putting itself into a position to re-test the 2010 highs at 142.80. A strong yen lent stability to the majors as the Bank of Japan’s actions in the face of the horrible situation there continues to remind traders that as bad as the [...]

Monthly Forex Report for 1/29/11  Click the link below to view Jay’s Weekly Forex Report for 1/29 where he covers the major currencies and the U.S. stock market. http://www.forextv.com/forex-news-video/weekly-forex-report-for-1-28 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential that changing political/economic [...]

EURUSD Despite EURUSD’s outsized change-of-direction candle in November on the monthly chart, and a lower low earlier this month, this market was able to break up thru 135.00 relatively easy this week to shift the Weekly trend higher. Given the chart reflects everything the market knows about itself, the risk environment for EURUSD appears to [...]