The Trend Trader For Forex Trading on Thursday, February 4, 2010 Wednesday, February 03, 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 Thursday, February 4, 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 0.8829 − 0.39 0.8860 0.8920 Bearish  EURUSD - Euro / US Dollar 1.3894 − 0.50 1.3927 1.3972 Bearish  GBPUSD - British Pound / US Dollar 1.5887 − 0.54 1.5943 1.6077 Bearish  USDCAD - US Dollar / Canadian Dollar 1.0624 + 0.52 1.0613 1.0646 Neutral  USDCHF - US Dollar / Swiss Franc 1.0594 + 0.44 1.0569 1.0539 Bullish  USDJPY - US Dollar / Japanese Yen 90.978 + 0.67 90.588 90.106 Bullish    ALL OTHERS  AUDCAD - Aust Dollar / Canadian Dollar 0.9380 + 0.13 0.9401 0.9504 Bearish  AUDCHF - Aust Dollar / Swiss Franc 0.9353 + 0.04 0.9364 0.9403 Bearish  AUDJPY - Aust Dollar / Japanese Yen 80.307 + 0.27 80.251 80.538 Neutral  AUDNZD - Aust Dollar / New Zealand $ 1.2565 + 1.01 1.2527 1.2644 Neutral  CADCHF - Canadian Dollar / Swiss Franc 0.9969 − 0.09 0.9955 0.9888 Bullish  CADJPY - Canadian Dollar / Japanese Yen 85.602 + 0.14 85.360 84.590 Bullish  CHFJPY - Swiss Franc / Japanese Yen 85.849 + 0.23 85.672 85.765 Bullish  EURAUD - Euro / Australian Dollar 1.5733 − 0.11 1.5721 1.5641 Bullish  EURCAD - Euro / Canadian Dollar 1.4759 + 0.01 1.4786 1.4878 Bearish  EURCHF - Euro / Swiss Franc 1.4719 − 0.06 1.4723 1.4701 Neutral  EURDKK - Euro / Danish Krone 7.4441 − 0.01 7.4448 7.4449 Bearish  EURGBP - Euro / British Pound 0.8744 + 0.05 0.8734 0.8689 Bullish  EURJPY - Euro / Japanese Yen 126.402 + 0.17 126.157 126.089 Bullish  EURNOK - Euro / Norwegian Krone 8.1521 + 0.09 8.1615 8.2162 Bearish  EURNZD - Euro / New Zealand Dollar 1.9776 + 0.90 1.9691 1.9804 Neutral  EURSEK - Euro / Swedish Krona 10.0868 − 0.04 10.1144 10.2364 Bearish  GBPAUD - British Pound / Aust Dollar 1.7990 − 0.15 1.7995 1.7988 Neutral  GBPCAD - British Pound / Canadian $ 1.6877 − 0.02 1.6919 1.7124 Bearish  GBPCHF - British Pound / Swiss Franc 1.6829 − 0.11 1.6856 1.6929 Bearish  GBPJPY - British Pound / Japanese Yen 144.507 + 0.11 144.420 145.041 Neutral  GBPNZD - British Pound / New Zealand $ 2.2612 + 0.86 2.2538 2.2738 Neutral  NZDCAD - New Zealand $ / Canadian $ 0.7459 − 0.87 0.7503 0.7521 Bearish  NZDCHF - New Zealand $ / Swiss Franc 0.7438 − 0.97 0.7472 0.7424 Neutral  NZDJPY - New Zealand $ / Japanese Yen 63.858 − 0.74 64.045 63.629 Neutral  NZDUSD - New Zealand $ / US Dollar 0.7020 − 1.39 0.7071 0.7060 Bearish  SGDJPY - Singapore Dollar/Japanese Yen 64.375 + 0.39 64.231 64.102 Bullish  USDDKK - US Dollar / Danish Krone 5.3572 + 0.49 5.3450 5.3284 Bullish  USDHKD - US Dollar / Hong Kong Dollar 7.7670 + 0.01 7.7667 7.7682 Neutral  USDNOK - US Dollar / Norwegian Krone 5.8661 + 0.57 5.8591 5.8767 Neutral  USDSEK - US Dollar / Swedish Krona 7.2597 + 0.46 7.2618 7.3184 Bearish  USDSGD - US Dollar / Singapore Dollar 1.4127 + 0.28 1.4101 1.4038 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 Monday, March 22, 2010 - Friday, March 19, 2010
• The Trend Trader For ETF Trading on Monday, March 22, 2010 - Friday, March 19, 2010
• The Trend Trader For Stock Trading on Monday, March 22, 2010 - Friday, March 19, 2010
• The Trend Trader For Forex Trading on Monday, March 22, 2010 - Friday, March 19, 2010
• The Trend Trader For Futures Trading on Friday, March 19, 2010 - Thursday, March 18, 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.