October 23, 2014 - MDT - Currencies

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

AUD/JPY...94.85 is today's momentum level just above the 200 DMA @ 94.63.

All new price action is needed above this level for follow through in the cross.

This seems to be matching up with 1941 in the Spu's.

EURO...weekly breakdown is a close under 126.05.

USD/JPY...weekly breakdown is a close under (92.89 JY6Z) over 107.65 USD/JPY.

?AUD/USD...?weekly breakdown is a close under 87.50 (App 87.15 Futures)

If the Bonds can remain under pressure this will be good for the Dollar.

 

?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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October 23, 2014 - MDT Pro Tips A.M. October 23, 2014 - MDT - Yen Futures Alert

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