The Trend Trader For Forex Trading on Thursday, July 29, 2010 Wednesday, July 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 Thursday, July 29, 2010 Presented by the Pattern Trapper - http://www.PatternTrapper.com - 952-892-5550 For a detailed explanation go to http://www.PatternTrapper.com/trendtrader_desc.html     THE BIG SIX Close % Change 3x1 7x5 Minor Trend Major Trend Trend Reading  AUDUSD - Aust Dollar / US Dollar 0.8930 − 1.02 0.8993 0.8852 Neutral  EURUSD - Euro / US Dollar 1.2993 − 0.01 1.2985 1.2888 Bullish  GBPUSD - British Pound / US Dollar 1.5595 + 0.02 1.5536 1.5330 Bullish  USDCAD - US Dollar / Canadian Dollar 1.0385 + 0.32 1.0342 1.0428 Neutral  USDCHF - US Dollar / Swiss Franc 1.0566 − 0.36 1.0550 1.0500 Bullish  USDJPY - US Dollar / Japanese Yen 87.459 − 0.49 87.434 87.118 Bullish    ALL OTHERS  AUDCAD - Aust Dollar / Canadian Dollar 0.9274 − 0.70 0.9301 0.9238 Neutral  AUDCHF - Aust Dollar / Swiss Franc 0.9435 − 1.38 0.9485 0.9317 Neutral  AUDJPY - Aust Dollar / Japanese Yen 78.091 − 1.50 78.545 77.134 Neutral  AUDNZD - Aust Dollar / New Zealand $ 1.2268 − 0.26 1.2285 1.2287 Bearish  CADCHF - Canadian Dollar / Swiss Franc 1.0169 − 0.70 1.0198 1.0088 Neutral  CADJPY - Canadian Dollar / Japanese Yen 84.170 − 0.81 84.516 83.526 Neutral  CHFJPY - Swiss Franc / Japanese Yen 82.758 − 0.11 82.825 82.944 Bearish  EURAUD - Euro / Australian Dollar 1.4542 + 1.01 1.4434 1.4570 Neutral  EURCAD - Euro / Canadian Dollar 1.3495 + 0.30 1.3427 1.3441 Bullish  EURCHF - Euro / Swiss Franc 1.3729 − 0.38 1.3694 1.3543 Bullish  EURDKK - Euro / Danish Krone 7.4515     0.00 7.4523 7.4520 Bearish  EURGBP - Euro / British Pound 0.8328 − 0.06 0.8354 0.8405 Bearish  EURJPY - Euro / Japanese Yen 113.644 − 0.49 113.501 112.077 Bullish  EURNOK - Euro / Norwegian Krone 7.9996 − 0.11 8.0004 8.0335 Bearish  EURNZD - Euro / New Zealand Dollar 1.7858 + 0.79 1.7746 1.7931 Neutral  EURSEK - Euro / Swedish Krona 9.4820     0.00 9.4734 9.4577 Bullish  GBPAUD - British Pound / Aust Dollar 1.7457 + 1.06 1.7275 1.7326 Bullish  GBPCAD - British Pound / Canadian $ 1.6196 + 0.33 1.6073 1.5981 Bullish  GBPCHF - British Pound / Swiss Franc 1.6478 − 0.35 1.6397 1.6126 Bullish  GBPJPY - British Pound / Japanese Yen 136.394 − 0.47 135.883 133.553 Bullish  GBPNZD - British Pound / New Zealand $ 2.1436 + 0.84 2.1238 2.1307 Bullish  NZDCAD - New Zealand $ / Canadian $ 0.7544 − 0.61 0.7562 0.7505 Neutral  NZDCHF - New Zealand $ / Swiss Franc 0.7677 − 1.26 0.7715 0.7572 Neutral  NZDJPY - New Zealand $ / Japanese Yen 63.551 − 1.35 63.901 62.715 Neutral  NZDUSD - New Zealand $ / US Dollar 0.7266 − 0.88 0.7315 0.7195 Neutral  SGDJPY - Singapore Dollar/Japanese Yen 63.935 − 0.82 64.092 63.385 Neutral  USDDKK - US Dollar / Danish Krone 5.7341 + 0.02 5.7381 5.7810 Bearish  USDHKD - US Dollar / Hong Kong Dollar 7.7676 + 0.01 7.7671 7.7695 Neutral  USDNOK - US Dollar / Norwegian Krone 6.1556 − 0.10 6.1634 6.2138 Bearish  USDSEK - US Dollar / Swedish Krona 7.2977 + 0.01 7.2982 7.3326 Bearish  USDSGD - US Dollar / Singapore Dollar 1.3672 + 0.35 1.3634 1.3742 Neutral

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, February 6, 2012 - Friday, February 03, 2012
• The Trend Trader For Futures Trading on Friday, February 3, 2012 - Thursday, February 02, 2012
• The Trend Trader For Futures Trading on Thursday, February 2, 2012 - Wednesday, February 01, 2012
• The Trend Trader For Futures Trading on Wednesday, February 1, 2012 - Tuesday, January 31, 2012
• The Trend Trader For Futures Trading on Tuesday, January 31, 2012 - Monday, January 30, 2012

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.