A Sunday Study

Good Evening Dynamic Traders!

Having broken into 2009 with explosive volatility, February looks set to start in similar fashion!

A review of recent pairs may proffer varied opportunities for the week.

USDJPY (x ref BLOG 19 Jan)

This choice pair continues to observe analysis, tumbling another 353 pips to re-test a momentous support, before retracing to rest within a fib region!

Felicitations to the Dynamic Riders!

Although the weekly chart persists to threaten an impending reversal, we may, once again, spy another bold run towards the low, forming a triple bottom, should signals permit.

Below is the daily chart.

The trend is clearly tailored downward. Swing traders may wish to wait for a break of the support before joining the journey for further gain.

The 123,786 in view, may entice an aggressive stance for a flow beyond the trend line break, with a judicious ESLT in place.

USDJPY daily chart Advanced Get

Dow Jones (x ref BLOG 21 Jan)

Below is the daily chart.

Price veered away from the horizontal last week, but has again fought its way back down towards the support, seated at a trend line brace and a zero figure.

A swing stance for this erratic index instructs me to attend a break of these buttresses.

Assuming this, revenues may be within reach, as price burrows towards the support zones at 7800 to 7500.


Dow Jones daily chart Advanced Get

EURUSD (x ref BLOG 27Jan)

Below is the daily chart.

No sooner was the previous note posted, price plummeted by 350 pips providing pleasing profits for Dynamic Traders who enjoy this pair.

Beady eyes should remain on the AA which has almost ripened pending the agreement of a special sub chart study.

We may find a long term "swing" in play if a breach of last weeks support is confirmed.


EURUSD daily chart Advanced Get

With the myriad of news items due this opening week, Dynamic Traders should employ their risk management rules religiously in each case.

The next update will be on Tuesday.

Dynamic Trading!

Saba Jackson