Trend Following

EUR/USD: 1.3500 Level

Tuesday, Jan 29, 2013


Good Afternoon,

Well, we made it through 1500. We topped out at 1508. I have eyed a "blast" through 1500 and maybe the 1510-1515 area as a place that the markets get "tired". The next area would be the "psychological" area of 1525.

I talked earlier about the EUR/USD and the "relationship" between the strength in the EUR and the equity markets. The equity markets had a good day and the EUR had a good day against the USD.

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Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
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EUR/USD: Overbought?

Tuesday, Jan 29, 2013

Good Morning,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
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Intraday EUR/JPY Set Up Shaping Up for Breakout

Monday, Jan 28, 2013

Waiting on momentum breakouts/downs out of consolidation can be an alternative to some of the deeper corrections that the market may (or may not make!) so when I see an opportunity to take a more short-term and therefore nimble intraday entry, it’s one that will typically carry a lower risk situation.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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Focus on Currencies with Strong Trends

Thursday, Jan 24, 2013

Finding a steady trend in a single currency can make the difference in follow-through as well as help determine which pair(s) to consider for an entry. The “strong kiwi” story and “weak yen” story has been reliable so I look for confirmation of a continuation with just a single currency at times. For example, regardless of the recent pound sterling and Canadian dollar weakness, my expectation for those pairs to rally come from predominantly more yen weakness by comparison.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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EUR/USD: Ready For A Breakout?

Tuesday, Jan 24, 2012


Good Afternoon,

Fundamentals continue to improve. We had another better than expected weekly claims number. Next week's unemployment report should print pretty close to the 200k number. By next week, equities could be at new all time highs with they way the confidence the bulls are showing!

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
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USD/JPY: Possible Head and Shoulders?

Wednesday, Jan 23, 2013

Good Afternoon,

Quiet fundamentals aside from earnings. Speaking of earnings, we are about to get AAPL's earnings. Check out the small bounce off the trendline. I talked about this in the "AAPL Breakdown" post last week. But now what. Will this descending triangle act as new resistance? A perfect place for AAPL to be overbought again. But as you know, with earnings, it can be a crapshoot and you need to take extra market volatility into account.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
Related Terms:

More Central Bank Delays: The BOC Joins the Party.

Wednesday, Jan 23, 2013

With just a few words about the expected 2013 rates hikes, “less imminent than anticipated” and the 2% inflation target being reached mid-2014 and not this years (as expected) and crude oil has now headed into its seasonal maintenance thus dropping refiners’ demand for crude oil. Commodities have also been in a holding pattern as a vote pending in Congress would suspend the “debt ceiling” until May 18.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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AUD/USD: Trendline Analysis II

Sunday, Jan 22, 2012

Good Evening,

Here we are. Just below 1500. Only 5% off new all-time highs! So, will 1500 provide resistance? Will 1525, 1550 and then the old highs at 1575 provide resistance?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
Related Terms:

The BOJ’s Delays New “Epoch Making” Program Until 2014

Tuesday, Jan 22, 2013

…and it was a great reason for yen shorts to take profits. There was arguable a short squeeze on positions taken with a sub-zero interest rate expectation but the delay of the open-ended asset purchasing to 2014 was disappointing but ultimately will not be reason enough for longer-term yen shorts to be scared off.

Posted By: 

Raghee Horner

Raghee Horner, chief currency analyst for IBFX, provides her personal daily trading tips and insights through Dailyforextradingedge.com. An experienced trader with over fifteen years in the markets, Raghee is the co-founder of EZ2Trade Software and has taught her brand of technical analysis and charting strategies to students all over the world. She is an international author and has taught currencies, futures, and equities trading for over a decade.
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GBP./USD: Trendline Violation

Friday, Jan 20, 2012

Good Afternoon,

My last post was on 01/16 and titled "SPX Can't Go Down". Now we are at the point of calling the article "SPX Can't Be Stopped". It seems likely that the "psychological barrier" of 1500 will be tested. It also seems that the 1500 area could be a place for the SPX to finally take a breather.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
Related Terms:
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