Trading University Daily

From a technical perspective the yen pairs, from AUDJPY to EURJPY and even USDJPY, look to be set up to resume the rally which kicked off in the second half of March. With a healthy yield of 4.65% AUDJPY is the clear choice to lead the  complex, and is currently showing the most shallow retracement [...]

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 [...]

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 [...]

It’s a fascinating game playing out in USDJPY now, with the big question: at what point will speculators get margined out of their long positions? What price point would it take on the downside to tip 50.001% of the specs short positions onto a margin call? The battle lines between the Bank of Japan and speculators is [...]

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 [...]

The first thing I do every morning, before opening my screen to the clients, is make a determination as to which currency markets are in uptrends, and which currencies are in down-trends. I rely on the current direction of both the Weekly and Daily charts to make this determination.  Once I have qualified the markets by direction, I open up the shop. Today was [...]