Tag Archive for: Australian Dollar

Factor Weekend Update, December 3-4, 2022

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Factor Weekend Update, November 26-27, 2022

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Factor Weekend Update, November 19-20, 2022

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Thoughts on a Sunday Afternoon, April 25, 2021

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Factor Update, November 2, 2019

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Factor Update, August 3, 2018

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Factor Update, July 29, 2018

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forex

What’s in Your Wallet

 

U.S. Dollar Index

The advance this past week exceeded the upside price target of 92.38 and I exited my long position. I will monitor this market for a possible continuation pattern. I believe the U.S. Dollar Index will continue to trend higher. Factor is flat.

 

Forex Factor Peter Brandt

 

Aussie Dollar

The dominant chart construction is the completed 28-month channel on the weekly chart. The general targeting rule for a channel breakdown is that prices will travel a distance equal to the width of the channel (see red parallel lines). The channel is a diagonal pattern – and thus is more difficult to trade than a horizontal pattern. The Factor Tracking Account is short AUD/USD.

 

Forex Factor Peter Brandt

 

 

USD/TRY (Turkish Lira)

The dominant chart construction is the completed 14-month Cup and Handle pattern. Factor is long. I tightened my stop late last week and fully expected to be stopped out. The protective stop survived Monday’s dip and the rally on Tuesday completed a 2-week pennant.

 

 

Forex Factor Peter Brandt

 

Factor Membership

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Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:

checkTrading Commodity Futures with Classical Chart Patterns: A free PDF copy of Peter’s classic out-of-print book
checkWeekend Update: 10-16 pages full of in-depth chart analysis and charting commentary
checkAlerts: Detailed information on specific charts as unique opportunities present themselves
checkMarket Commentaries: Communications on specific topics regarding market speculation and trading distributed periodically
checkWebinars: Monthly member-only webinars where Peter speaks about current conditions and fields member questions
checkKnowledge Center: Fast and easy access to current and archived content from Peter’s extensive library of content
checkAutomatic notifications: Email and social media notifications are sent out when new content is published

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View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.

I hope you will consider joining the Factor community.

Factor Trading - An Introduction

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Factor Update, February 18, 2018

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Factor Update, February 11, 2017

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