The Trend Trader For Forex Trading on Friday, January 29, 2010 Thursday, January 28, 2010 by Bob Hunt of The Pattern Trapper

The Trend Trader helps to identify the current trend status of your favorite forex markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness. Before you place your next trade, be sure to consult the Trend Trader.

The Trend Trader for Forex For Trading On Friday, January 29, 2010 Presented by the Pattern Trapper - PatternTrapper.com - 952-892-5550 Trend Trader readings are based on Daily Pivot calculations.  For a detailed explanation Click Here!     THE BIG SIX Close % Change 3x1 7x5 Minor Trend Major Trend Trend Reading  AUDUSD - Aust Dollar / US Dollar 0.8945 − 0.08 0.8981 0.9088 Bearish  EURUSD - Euro / US Dollar 1.3970 − 0.38 1.4040 1.4193 Bearish  GBPUSD - British Pound / US Dollar 1.6136 − 0.20 1.6171 1.6215 Bearish  USDCAD - US Dollar / Canadian Dollar 1.0662 + 0.19 1.0632 1.0474 Bullish  USDCHF - US Dollar / Swiss Franc 1.0521 + 0.18 1.0484 1.0376 Bullish  USDJPY - US Dollar / Japanese Yen 89.912 − 0.10 89.870 90.484 Neutral    ALL OTHERS  AUDCAD - Aust Dollar / Canadian Dollar 0.9537 + 0.11 0.9544 0.9515 Neutral  AUDCHF - Aust Dollar / Swiss Franc 0.9410 + 0.09 0.9411 0.9428 Bearish  AUDJPY - Aust Dollar / Japanese Yen 80.415 − 0.18 80.736 81.983 Bearish  AUDNZD - Aust Dollar / New Zealand $ 1.2677 + 0.09 1.2686 1.2625 Neutral  CADCHF - Canadian Dollar / Swiss Franc 0.9864 − 0.02 0.9857 0.9903 Neutral  CADJPY - Canadian Dollar / Japanese Yen 84.300 − 0.29 84.529 86.090 Bearish  CHFJPY - Swiss Franc / Japanese Yen 85.441 − 0.29 85.726 87.049 Bearish  EURAUD - Euro / Australian Dollar 1.5613 − 0.29 1.5636 1.5606 Neutral  EURCAD - Euro / Canadian Dollar 1.4889 − 0.21 1.4927 1.4871 Neutral  EURCHF - Euro / Swiss Franc 1.4697 − 0.19 1.4718 1.4728 Bearish  EURDKK - Euro / Danish Krone 7.4440 − 0.01 7.4447 7.4442 Bearish  EURGBP - Euro / British Pound 0.8655 − 0.17 0.8680 0.8752 Bearish  EURJPY - Euro / Japanese Yen 125.595 − 0.49 126.193 128.144 Bearish  EURNOK - Euro / Norwegian Krone 8.2327 + 0.34 8.2186 8.1790 Bullish  EURNZD - Euro / New Zealand Dollar 1.9807 − 0.16 1.9843 1.9711 Neutral  EURSEK - Euro / Swedish Krona 10.2523 + 0.21 10.2416 10.1835 Bullish  GBPAUD - British Pound / Aust Dollar 1.8034 − 0.12 1.8006 1.7824 Bullish  GBPCAD - British Pound / Canadian $ 1.7203     0.00 1.7184 1.6948 Bullish  GBPCHF - British Pound / Swiss Franc 1.6975 − 0.01 1.6948 1.6838 Bullish  GBPJPY - British Pound / Japanese Yen 145.066 − 0.30 145.299 146.242 Bearish  GBPNZD - British Pound / New Zealand $ 2.2876 + 0.01 2.2844 2.2512 Bullish  NZDCAD - New Zealand $ / Canadian $ 0.7513 − 0.02 0.7521 0.7531 Bearish  NZDCHF - New Zealand $ / Swiss Franc 0.7413 − 0.04 0.7412 0.7467 Neutral  NZDJPY - New Zealand $ / Japanese Yen 63.344 − 0.33 63.585 64.939 Bearish  NZDUSD - New Zealand $ / US Dollar 0.7046 − 0.24 0.7076 0.7196 Bearish  SGDJPY - Singapore Dollar/Japanese Yen 63.995 − 0.11 64.016 64.475 Bearish  USDDKK - US Dollar / Danish Krone 5.3279 + 0.35 5.3013 5.2442 Bullish  USDHKD - US Dollar / Hong Kong Dollar 7.7672 − 0.12 7.7728 7.7684 Bearish  USDNOK - US Dollar / Norwegian Krone 5.8931 + 0.72 5.8527 5.7576 Bullish  USDSEK - US Dollar / Swedish Krona 7.3382 + 0.59 7.2936 7.1683 Bullish  USDSGD - US Dollar / Singapore Dollar 1.4046 + 0.02 1.4034 1.3992 Bullish

Statement of disclaimer: This information was compiled from sources believed to be reliable, but its accuracy cannot be guaranteed. There is substantial risk of loss in trading futures, forex. ETFs, and stocks. There is no warranty, express or implied, in regards to the fitness of this information for any particular purpose. Past performance is not a guarantee of future results. All materials are copyright © 2010 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.

Recent articles from this author

• The Trend Trader For Futures Trading on Wednesday, March 17, 2010 - Tuesday, March 16, 2010
• The Trend Trader For ETF Trading on Wednesday, March 17, 2010 - Tuesday, March 16, 2010
• The Trend Trader For Stock Trading on Wednesday, March 17, 2010 - Tuesday, March 16, 2010
• The Trend Trader For Forex Trading on Wednesday, March 17, 2010 - Tuesday, March 16, 2010
• The Trend Trader For Futures Trading on Tuesday, March 16, 2010 - Monday, March 15, 2010

About the author

Bob Hunt is the creator of the Pattern Trapper On-Line Trading Course and the Pattern Trapper ADVANCED Short term Trading Strategies index mentoring program as well as the editor of the daily Pattern Trapper Futures Trading Newsletter. Bob has been an active independent trader since 1982. He began offering market analysis and trading advice to the public in 1999 with the inception of The Pattern Trapper.

Bob specializes in helping traders make sense out of market action by offering a perspective that makes them much more easily understood. The path to learning successful trading techniques starts with an understanding of price behavior. To begin to understand price behavior you must first learn how to create structure out of inherently un-structured market environments. The whole focus of the Pattern Trapper approach is to show traders how to create that structure - to teach them how to create "templates" for interpreting market behavior and spotting opportunity.

Bob is registered with the National Futures Association as a Commodity Trading Advisor.