Currency Futures Trading

The Currency Futures Markets were explosive this week with some incredible short-term spikes and reversals. Once again for Day Traders looking for volatility or price action then the currency futures markets didn’t disappoint. The British Pound continually tested a technical support area, before finally collapsing, while the Canadian Dollar and Euro Currency just tumbled this week. The Japanese Yen on the other hand started the week strong, climbing to new daily cycle highs, but by Friday the bears seemed to have seized control.

The question for currency traders going into next week is what will happen on Sunday night and Monday morning. The answer to that question is simple, who knows. What we do know is that the March 2010 British Pound futures contract (see chart below) did break below a pivotal area of technical support and appears poised to test the next cycle low at 1.5718. The question is can the bears keep up the pressure, or will the bulls look to make a stand and play for a reversal?

And what about the Canadian Dollar? The daily chart (see chart below) clearly shows that the area to watch is the 5-day moving average (red .9395), which is where the bears have been holding as a technical resistance area. Therefore, in my technical opinion this average might be a good gauge of technical momentum this week.

Now let’s take a quick look at the Euro Currency. The daily chart of the March 2010 Euro Currency futures contract clearly illustrates a significant sell-off from the bottom of a bear-flag technical formation (outlined by black trendlines). Also notice that the bears were able to blow right through the 52-week moving average (1.4035), which in my opinion was a pivotal area of technical support. The question now is can the bulls find a place in the market where they might make a stand, or are the bears going to continue and punish any support this week?

Finally let’s take a look at the Japanese Yen. The daily chart of the March 2010 Japanese Yen (see chart below) shows that the week started with the bulls utilizing the area in the vicinity of the 5-day moving average as a launching pad to new short-term weekly highs. But by Thursday this area of the market had given way and the bears had seized control. The question now is who will be in control next week, the bears or bulls?

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.   

Once again Currency Traders day trading currency futures found themselves in some strong intra-day currents. The British Pound and Canadian Dollar futures markets both rallied early only to find stiff resistance and fall back below there early lows. The Euro Currency once again sold off after climbing over .0150 ticks from yesterday evening’s steep drop. The Japanese Yen did sell off early, but by the close the bulls were back in control.

Today were going to assess the weekly charts in the currency futures market starting with the British Pound (see chart below).

You can see by looking at the weekly chart (above) that the British Pound is currently trading within a bear flag formation, in which the bottom of this technical formation is in very close proximity to the 25-day moving average on the daily chart. A break below the bottom of this technical formation and that might very well bring the last weekly cycle low (1.5702) into play.

The weekly chart of the Canadian Dollar (see chart below) clearly illustrates a break below the 13-week moving average (blue – .9469). This average has been a pivotal area of technical support since early last year and a close below this average tomorrow and we might see the bulls run.

The Euro Currency bears have been able to push the Euro Currency through some pretty stiff technical support this week and might be poised to make one more strong downward push tonight or Friday. The weekly chart of the Euro Currency (see chart below) shows that the next possible downside target is the 50% retracement line, which is 1.3800. The question is do the bears have the technical strength to push the Euro Currency that low, or will the bears look to counter as bulls take profits on Friday?

The weekly chart of the Japanese Yen (see chart below) shows that the 4-week moving average (red – 1.1020) appears poised to cross back above the longer term 13-week moving average (blue – 1.1087). Because the Japanese Yen is trading above both these averages, then it’s my technical opinion that these average will be pivotal technical areas and good gauges of technical momentum in the coming weeks.

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.   

The Currency Futures market is never dull. Currency Day Trader’s day trading currency futures saw some explosive action after the FOMC announcement, but that was expected. The British Pound and Canadian Dollar seem to be trying to hold the current lows, while the Euro Currency broke through a significant area of technical support. The Japanese Yen once again made a new session high, but then sold-off rather quickly after the FOMC announcement.

The daily chart of the March 2010 British Pound futures contract (see chart below) shows that the bulls area holding the line in the vicinity of the 25-day moving average (blue – 1.6128). The question is can the bulls continue to hold this area, or are the bears eyeing the potential stops that could be under this current support area?

The March 2010 Canadian Dollar futures contract (see chart below) continues to trade below the 5-day moving average (red – .9423), which I consider a pivotal area of technical resistance. The question is will the bears continue to utilize the 5-day moving average as a jumping off point to the downside, or can the bulls push the market back above this area possibly creating some technical upside momentum?

The March 2010 Euro Currency futures contract (see chart below) shows the bears were able to break below both the double bottom low (1.4027) and the 52-week moving average (green – 1.4036). Can the bears keep up the pressure, or was today’s push really just a squeeze play?

The March 2010 Japanese Yen futures contract (see chart below) shows a new cycle high (1.1221), but also notice that after making this high the bears were able to seize control and push this market back down over .0100 ticks. You will also notice that in the early hours of the night market the bears have been able to keep the bulls on the defensive, and in my techniocal opiniont the 75-day moving average (green – 1.1212) will be a pivotal technical area and a good gauge of technical momentun tonight.

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

 There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.   

Currency Futures never disappoint, that is if you like fast pace markets. Currency Traders day trading futures were once again seemingly very active. The British Pound, Canadian Dollar and Euro Currency were on the defensive today, while the Japanese Yen once again exploded to the upside.

The daily chart of the March 2010 British Pound futures contract (see chart below) shows the bears were back in control and are once again testing the 25-day moving average (blue – 1.6118).

This area will be a pivotal area of technical support and possibly a good gauge of technical momentum. The question today is the same today as it was in the beginning of the week, can the bulls hold the bears back in the vicinity of the 25-day moving average, or are the bears prepared to crush any support?

The daily chart of the March 2010 Canadian Dollar (see chart below) shows a steep sell-off. I would also like to point that today’s session high (.9482) was only .0007 ticks above the 5-day moving average (.9475), which I consider a pivotal area of technical resistance.

The question for currency trader’s day trading currency futures, specifically the Canadian Dollar futures contract is can the bears maintain downside control, or will the bulls look to counter?

The daily chart of the March 2010 Euro Currency  (see chart below) shows the market reestablished it’s downward march, but is still holding above the double bottom low at 1.4027.

The question for Euro Currency Day Traders is will this market break through the double bottom low, or is this area going to hold to only give way later (the old trap door)?

The daily chart of the March 2010 Japanese Yen futures contract (see chart below) shows that the bulls were able to utilize the area around the 5-day moving average as a launching pad. Will they (bulls) continue to utilize this average as a launching pad, or will the bears look to make a stand? 

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.   

The Currency Futures Market as a whole was little subdued today. Day Traders day trading currency futures found rather tight ranges in several markets, maybe due to both the FOMC meeting and State of the Union coming later in the week. So, what can we expect tomorrow in the currency futures market?

The March 2010 British Pound futures contract (see chart below) shows that the bulls were able to hold the line in the vicinity of the 25-day moving average (blue – 1.6117) and make a recover some loss ground. The question now is can the bulls push this market back above the 5-day moving average (red – 1.6212), or will the bears utilize this area in the market to try and regain control?

The March 2010 Canadian Dollar futures contract (see chart below) shows that the bears were able to pierce last Friday’s low, but were unable to make any real headway. I would like to point out that the 5-day moving average (red – .9484) might be an area the bears try to maintain control at over the next coming day, which in my opinion makes this short-term moving average a pivotal area of technical resistance.

The March 2010 Euro Currency was like watching paint dry. The daily chart (below) shows that the Euro Currency traded very close to the 5-day moving average (the average today was 1.4151) for most of the session and for nearly 4.5 hours the Euro Currency had a .0022 tick range. Like I said, “watching paint dry.” The question now is this pause just an opportunity to get short, or will we the market jump looking to trap weak longs?

The daily chart of the March 2010 Japanese Yen futures contract (see chart below) shows that the bulls seemed to have relaxed today, maybe looking to regroup in the vicinity of the 5-day moving average (red – 1.1069). This average may be the area of support bulls look to get long from, so I will consider this area a pivotal area of technical support.

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

 There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.   

What can currency traders expect this week in the currency futures market? The answer is simple, who knows. Currency Traders last week saw some big reversals off significant areas of technical support, while other currency markets went through keys areas of technical support like a tank through a brick wall.

Let’s first take a look at the British Pound weekly chart (below) and try to determine key areas of technical support and resistance. You can see that the British Pound is currently trading within a bear flag technical formation (outlined in black), which may make a break below the bottom of this formation technically significant.

The March 2010 British Pound futures contract (below) clearly illustrates the sell-off that began last Tuesday after the market ran to 1.6454. The technical question when looking at this daily chart is can the bulls hold the line in the vicinity of the 25-day moving average (blue – 1.6111), or are the bears in position to roll right through this area of projected technical support?

The Canadian Dollar like the British Pound also fell last week and is currently trading at a projected area of technical support (see weekly below).

You will notice that this area of projected technical support is actually the 13-week moving average (blue – .9456), which has acted as a pivotal area of technical support since early 2009. A significant break through this area and the bears might be in position to make a run at the 52-week moving average (green – .8910).

The March 2010 Canadian Dollar futures contract (see chart below) shows the strong downward move that began last week.

This daily chart of the Canadian Dollar (above) shows that the bears were able to push this market through key areas of technical support and now the question is can the bears hold the market below these areas of previous support, or will the bulls be able to regroup and make a stand?

The weekly chart of the Euro Currency (see chart below) clearly shows that the bears were able to push the market right through the last cycle low of 1.4215, but were stopped dead in their tracks at the 52-week moving average (green – 1.4012).

The daily chart of the March 2010 Euro Currency (below) shows that the bears were able to bust right through the bottom of a bear flag technical formation (outlined in black) and now the question is will the bears be able to maintain this downward momentum, or will the bulls try and hold the line in the vicinity of the 52-week moving average (1.4012)?

The weekly chart of the Japanese Yen (see chart below) shows an explosive move from the area around the 52-week moving average (green – 1.0681) a few weeks back.

The question now is will the bulls be able to maintain this upward momentum, or can the bears find an area from which to counter? The daily chart of the March 2010 Japanese Yen futures contract (below) shows that the Japanese Yen exploded through both the 5-day moving average (red – 1.1055) and 75-day moving average (green – 1.1095) on Thursday and Friday of last week. These two averages I will consider pivotal areas of technical support and good gauges of technical momentum.

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.   

Technorati Tags: british pound, CAD USD Futures, canadian dollar, currency futures, Currency Futures Trading, day trading futures, euro currency, japanese yen

Once again the currency futures market didn’t disappoint if you like big volatile days. The British Pound and Canadian Dollar continued to slide in today’s action, while the Euro Currency seemed to have established an area of technical support. The Japanese Yen on the other hand exploded to the upside like a rocket headed to the moon.

The March 2010 British Pound futures contract (see chart below) shows that the bears were in control today pushing the market all the way down to the 25-day moving average (blue – 1.6114).

The question for currency traders day trading futures, specifically the British Pound futures is; will the bulls hold the line in the vicinity of the 25-day moving average (1.6114), or are the bear going to once again make another downward push going into Friday?

Like the British Pound the March 2010 Canadian Dollar (see daily chart below) also fell lower, but so far the bulls have been able to hold the line in the vicinity of the 75-day moving average (green – .9514).

Will this area be an opportunity for bulls to go long, or is this pause a short-term pause before crashing on Friday?

The March 2010 Euro Currency futures contract (see chart below) fell once again in early trading, but was able to establish an area of technical support just above the 52-week moving average (green – 1.4012). 

The question for currency futures traders tonight is will the double bottom intra-day low (see eurocurrency.currencyfuturestrading.net) at 1.4027 be a viable area from which to take long positions from, or is this a potential trap door?

The daily chart of the March 2010 Japanese Yen futures contract (see chart below) clearly shows that Japanese Yen exploded to the upside after piercing the 25-day moving average (blue – 1.0928).

You will also notice that the Japanese Yen ran right into the 75-day moving average (green – 1.1099) before closing at 1.1060. Will the bulls be able to make a run at this area, or will the bulls counter and attempt to push the Japanese Yen back below the 5-day moving average?

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.
 
There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.    

ow! That is the word of the day when talking about the currency futures market. Both the Canadian Dollar and Euro Currency fell like weights in water, while the British Pound and Japanese Yen fell in a more orderly fashion.

You can see by looking at the daily chart of the March 2010 British Pound futures contract (see chart below) that the bears were able to push the market through the 5-day moving average (red – 1.6300), which has been a pivotal area of technical support since January 10^th 2010. Can the bears now make further headway, or will the bulls counter?

The Canadian Dollar fell fairly hard in Wednesday’s session. You can see by looking at the March 2010 Canadian Dollar futures contract (see chart below) that the market only crashed through the 5-day moving average (red – .9656), but also broke through the 25-day moving average (blue- .9583). The question now is will the bulls make a stand in the vicinity of the 75-day moving average (green – .9511), or will the bears blow right through this area of technical support like a knife through warm butter?

The March 2010 Euro Currency futures contract (see chart below) shows that the bears broke through the bottom of a bear flag formation and is currently .0007 ticks above the 2.5% weekly volatility range. What makes this area so technically significant?

The Japanese Yen like the British Pound fell, but did so in a less dramatic fashion then both the Canadian Dollar and Euro Currency. By looking at the daily chart of the March 2010 Japanese Yen futures contract (see chart below) you can see that the 25-day moving average (blue – 1.0925) might be a pivotal area of technical support in tonight and tomorrow’s session.

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

There is significant risk of financial loss in trading future, therefore you should carefully consider whether such an investment is right for you in light of your financial position.

Currency Traders speculating in the most aggressive markets in the world once again saw some rather large moves in the currency futures market. For instance the March 2010 British Pound futures contract pushed to a session high of 1.6454 before falling over a .0150 ticks to a low of 1.6306 (see chart below).

The question for currency day traders speculating in the British Pound market is, will the bulls be able to hold the line at the 5-day moving average (red – 1.6311), or are the bears in position to make a downward push?

Unlike the British Pound the Canadian Dollar made no upward push, but opened (.9746) near the session high (9756) and fell from there. The daily chart of the March 2010 Canadian Dollar futures contract (see chart below) shows that the bears were once again able to break below the 5-day moving average (red – .9727). This average in my technical opinion will be a gauge of technical strength in and tomorrow’s trading session.

The daily chart of the March 2010 Euro Currency futures contract (see chart below) illustrates a break below a bear-flag technical formation (outlined by black trendlines). For currency trader’s day trading the Euro Currency Futures Contract the question tonight and tomorrow will be a simple one in my opinion; are the bears in control and is this sell-off the beginning of the second leg of this downtrend, or was this move after a long holiday weekend a strategic play to take out weak longs?

The Japanese Yen like all the other currencies tumbled from the session high of 1.1076. You can see by looking at the daily chart of the March 2010 Japanese Yen futures contract (see chart below) that not only did this market tumble Tuesday, but the bears were able to close the market below the 5-day moving average (red – 1.0990). Is today’s close a bearish indication or just an opportunity to buy the Japanese Yen?

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious about currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.   

For currency traders speculating in the most aggressive markets in the world, trading has begun and battle lines are being redrawn. Last week currency day traders saw the British Pound, Canadian Dollar and Japanese Yen test or run through previous areas of technical resistance, while the Euro Currency tumbled. Will currency traders once again see the same futures markets rally and the same ones decline, or will currency traders trading currency futures see markets reverse?

The weekly chart of the British Pound futures market (see chart below) shows that the bulls have been able to hold the market above the 52-week moving average (green – 1.5794), which I consider a pivotal area of technical support. Also notice that the British Pound is trading within a sideways channel (between 1.5702 & 1.7043),which currency traders might continue to see over the coming weeks.

A closer look at the British Pound (see daily chart of the March 2010 British Pound futures contract below) illustrates a strong rally supported by the 5-day moving average (red – 1.6320). A run pass 1.6404 and technically there is nothing standing in the way until 1.6700.

The Canadian Dollar like the British Pound is pushing higher, but has yet to break through the last cycle high of .9798 (see weekly chart of the Canadian Dollar below). The weekly chart also illustrates rather stiff technical resistance between .9998 and 1.0298.

By looking at the daily chart of the March 2010 Canadian Dollar futures contract (below) we will notice that the 5-day moving average (red – .9741) has been acting as a pivotal area of technical support since mid December. A break and close back below this average and currency traders might see the bears make a downward push.

The weekly chart of the Euro Currency (see chart below) shows that the bears have been in control since December of 2009. The current pause on the weekly chart appears very similar to the pause seen on the daily chart and both of these technical formations could be interpreted as bear flag formations, which are pauses in prevailing downward trends.

The daily chart of the March 2010 Euro Currency futures contract (see chart below) show’s that the market is currently trading within a bear-flag formation (outlined by black trend lines). A break below this formation and currency traders may see a very severe sell-off.

The weekly chart of the Japanese Yen market (see chart below) clearly illustrates that the bulls were once again able to hold the line in the vicinity of the 52-week moving average (green – 1.0679). This average has been a pivotal area of technical support since late 2007.

Looking at the March 2010 Japanese Yen futures contract (see chart below) shows that the bulls were able to push the market back through the 25-day moving average (blue – 1.0950), which the bulls hadn’t been able to do since early December of 200. The question for currency traders trading the Japanese Yen is a simple one in my opinion. Is this rally for real, or is it an opportunity to get short.

To get up to the minute strategic analysis and a unique perspective in the Currency Futures Market simply join me in my LIVE TRADING ROOM. I will break down the Currency Futures Market in unbelievable detail and across multiple time frames. If you are serious above currency futures trading and want a no nonsense approach to the most aggressive markets in the world then simply join me in my LIVE TRADING ROOM.

There is significant risk of financial loss in trading futures and trading futures is not suitable for everyone. You should carefully consider whether such an investment is right for you in light of your financial condition.