Currency Futures Trading

Currency Traders witnessed large volatility in the currency futures market in the month of February 2010. The question for currency traders going into the month of March is will see the same kind of large swings and extreme short-term volatility, or will currency futures trading this month be a little more subdued? The only honest answer to that question is we will just have to wait and see.

The weekly chart of the British Pound Futures (see chart below) shows that since breaking out of a bear flag formation (outlined by black trend lines) the bears have been in total control. You will also notice that the 4-week moving average (red) has been a pivotal area of technical resistance and in my opinion an area to watch in you are looking for a reversal.

The weekly chart of the Canadian Dollar Futures (see chart below) shows that this market is trading right at the 13-week moving average (blue), which has been a pivotal area of technical support since the bulls were able to push the market above the 52-week moving average (green) back in April of last year. The question for currency traders this week is will the bulls be able to make another upward push, or will the bears look to make a move?

The weekly chart of the Euro Currency Futures (see chart below) shows that the Euro Currency has found technical support in the vicinity of the 61.8% fibonacci retracement line (1.3482). You will also notice that the Euro Currency is trading right at the 4-week moving average (red – 1.3615), which in my opinion will be a pivotal technical area and a good gauge of technical momentum this week.

The weekly chart of the Japanese Yen Futures (see chart below) shows that the market is swinging hard above and below both the 4 (red) and 13-week (blue) moving averages. With the Japanese Yen Futures currently trading above these averages, then I interpret this market as technically bullish, but a break back below these average and we could see an agreesive sell-off at least over the short-term.

If you would like to talk about my strategic analysis in further detail, simply schedule a Private Presentation. And Discover the Potential of Day Trading Futures and determine for yourself if it’s worth the Financial Risk. 

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing short-term trading strategies will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition

Technorati Tags: British Pound futures, Canadian Dollar futures, Currency Futures Trading, day trading futures, Euro Currency futures, Japanese Yen futures

If you are thinking about currency futures trading, then make sure you put on your seatbelt and get ready for a fast moving market. Once again currency traders witnessed aggressive sell-offs and explosive rallies. Currency trader’s day trading futures have to be focused, flexible and quick to the trigger in this market.

The daily chart of the March 2010 British Pound Futures contract (see chart below) shows that the market traded on both sides of the 5-day moving average (red – 1.5467) on Monday night and Tuesday. The key technical point when looking at the daily chart is that the British Pound closed and opened below the 5-day moving average, which in my opinion keeps the bulls on the defensive.

The daily chart of the March 2010 Canadian Dollar Futures contract (see chart below) shows that the bulls failed to hold the Canadian Dollar above the 5-day moving average (red – .9539) and even failed to hold the CD above the 75-day moving average (green – .9503). So now the Canadian Dollar sits at the 25-day moving average (blue- .9454), which is where I speculate if the bulls are going to try and hold the Canadian Dollar up this might be the early line to watch.

The daily chart of the March 2010 Euro Currency Futures contract (see chart below) shows a major reversal today. The Euro Currency actually fell almost 200 ticks from last night’s session high (1.3692) and might be poised to test last week’s low of 1.3442, or is it? The 5-day moving average might once again be a pivotal technical area to watch tonight.

The daily chart of the March 2010 Japanese Yen Futures contract clearly shows a strong rally from the area around the 5-day moving average (red – 1.0992). Also notice that the market rallied hard and fast, but the bulls ran into stiff technical resistance at the 75-day moving average (green – 1.1106). Can the bulls keep up the pressure, or will the area around the 75-day moving average hold as a technical resistance area?

If you would like to talk about my strategic analysis in further detail, simply schedule a Private Presentation. And Discover the Potential of Day Trading Futures and determine for yourself if it’s worth the Financial Risk. 

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing short-term trading strategies will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition

Technorati Tags: British Pound futures, Canadian Dollar futures, Currency Futures Trading, day trading futures, Euro Currency futures, Japanese Yen futures

Day Traders day trading futures, specifically currency futures were given somewhat of a respite today. Remember, we have seen some extreme short-term volatility over the last week, so today compared to last week’s volatility was quite small. The question currency traders are asking now is which way do we go from here? Let’s take a closer at the individual currency markets and try to determine pivotal battle lines for tonight and tomorrow.

The daily chart of the March 2010 British Pound Futures contract (see chart below) clearly shows a smaller range then we saw last Friday, and also notice that today’s upward move ran into technical resistance just below the 5-day moving average (red – 1.5523). This average might be a good gauge of technical momentum and I suspect an area bears might try to defend.

The daily chart of the March 2010 Canadian Dollar Futures contract (see chart below) shows that the market held above the 5-day moving average (red – .9580) today, but will the bulls be able to hold this area tonight? In my technical opinion, this average might be a good gauge of technical momentum tonight and tomorrow.

The daily chart of the March 2010 Euro Currency Futures contract (see chart below) shows that the bulls were able to pierce the 5-day moving average (red – 1.3585) today, but by the close the bears were pushing back. Like the British Pound and Canadian Dollar the 5-day moving average is a technical area to watch tonight.

The daily chart of the March 2010 Japanese Yen Futures contract (see chart below) shows that the Japanese Yen had a nice pop nice today and is currency holding above the 5-day moving average (red – 1.0943). If the bulls can hold this area, then we might see a test of the 25-day moving average (blue – 1.1077). A break below this average and we might see the bears make a move towards last week’s low (1.0927).

If you would like to talk about my analysis in further detail, simply schedule a Private Presentation. And Discover the Potential of Day Trading Futures and determine for yourself if it’s worth the Financial Risk. 

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing short-term trading strategies will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition.

Technorati Tags: British Pound futures, Canadian Dollar futures, Currency Futures Trading, day trading futures, Euro Currency futures, Japanese Yen futures

As traders get ready for another week in regard to currency futures trading one thing is probably for sure, these currency markets are once again going to be fast moving and difficult to trade. So, if this week you are day trading futures, specifically currency futures, then I have a few ideas for you. Stay focused, be flexible and be ready for the unexpected. Now let’s take a look at the currency markets.

The daily chart of the March 2010 British Pound Futures contract (see chart below) shows a major break down in the British Pound. You can clearly see a bear-flag formation (outlined by black trend-lines), and the collapse once the market broke through the bottom of this technical formation. The question for currency traders now is can the bulls find some technical support and counter last week’s sell-off, or are the bears going to continue to punish any trader who stands in their way?

The daily chart of the March 2010 Canadian Dollar Futures contract shows that the bulls were able to find technical support right at the 75-day moving average (green – .9501), from which they launched a pretty strong rally. The question now is do the bulls start the week by pushing the Canadian Dollar higher, or will the bears step in and try to stop the rally?

The daily chart of the March 2010 Euro Currency Futures contract shows that the bulls were able to rally this market from the depths of the abyss on Friday. The question now is will the bulls be able to get the Euro Currency back above the 5-day moving average (red – 1.3622) and take back some ground, or will the bears look to take out last week’s low (1.3442).

The daily chart of the March 2010 Japanese Yen Futures contract shows an aggressive sell-off that began once the market broke below both a bear flag and pennant formation. The question for currency traders this week is was the break out to the downside a indication of what is to come, or a possible trap for traders jumping in on the short train?

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 futures, Canadian Dollar futures, Currency Futures Trading, day trading futures, Euro Currency futures, Japanese Yen futures

They should post a sign on every trading dome that reads, “Beware of Market.” Currency Futures Trading is definitely not a game for those individuals who like the buy and hold game. Day Trading Futures means just that, TRADING! If you get complacent and think you know something, that’s just when the market smacks you a good one and if you weren’t utilizing stops or they were so far away that you didn’t think they would get hit, well today is a perfect example of how the market can do anything it wants when it wants.

The daily chart of March 2010 British Pound Futures contract (see chart below) shows a massive sell-off that began once the market broke below the 5-day moving average.

The daily chart of the March 2010 Canadian Dollar Futures contract (see chart below) shows a market that continues to consolidate between the 5 (red – .9554) and 75 (green – .9497) day moving averages. A break back above or below either moving average might be a good gauge of technical strength.

The March 2010 Euro Currency Futures contract (see chart below) shows extreme volatility and really can create problems for traders betting to big with not enough capital or stops to far away. The question for currency traders now is how can they navigate this kind of volatility?

The March 2010 Japanese Yen Futures contract (see chart below) shows a sell-off that erupted after the market retraced back to the 5-day moving average today. What is the probability that the Japanese Yen closes back above 1.0953 on Friday?

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: Currency Futures Trading, day trading futures

Can you say timber? Because if you were currency futures trading today, you saw some currency markets fall like trees that were being chopped down. The Euro Currency and Japanese Yen fell particularly hard, while the British Pound and Canadian Dollar also fell, but found technical support in areas where support was anticipated.

The daily chart of the March 2010 British Pound Futures contract (see chart below) shows that the market sold off at the top of the bear flag formation (outlined by black trend lines), but held above the 5-day moving average (red – 1.5685). The question is will the bulls be able to hold this area (5-day moving average), or will the bears keep up the downside pressure?

The daily chart of the Canadian Dollar Futures contract (see chart below) shows that the bulls were able to hold the Canadian Dollar above the 5-day moving average (red – .9542), which is exactly what we saw in the British Pound. So the question is the same. Can the bulls once again seize control of this market, or can the bears make a push to the downside?

The daily chart of the March 2010 Euro Currency Futures contract (see chart below) looked like a meteor falling from outer space. At 7:00AM Pacific Time the Euro Currency began to slide and by 9:00AM Pacific Time the market had fallen 111 ticks. I always tell traders trading currency futures isn’t for the faint of heart or garden-variety-investor. The question now is are the bears going to make a run at last week’s low (1.3531), or can the bulls find intra-night support and counter today’s extreme sell-off?

The daily chart of the March 2010 Japanese Yen Futures contract (see chart below) clearly illustrates a breakout from two technical formations, which are a bear-flag formation and a pennant formation. The question for currency traders now is was this breakout a real breakout, or a bear trap?

 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 futures, Canadian Dollar futures, Currency Futures Trading, day trading futues, Euro Currency futures, Japanese Yen futures

With one day down and 3 trading days left in the week how did currency traders fare today? The British Pound, Canadian Dollar and Euro Currency all made strong moves to the upside, while the Japanese Yen continued to consolidate. The question for currency traders tonight is where do we go from here?

The March 2010 British Pound Futures contract (see chart below) rallied today testing the top of a bear flag formation (outlined by black trend lines). The question now is can the bulls push the British Pound through this technical formation, or will the bears be able to counter today’s rally?

The March 2010 Canadian Dollar Futures contract (see chart below) exploded from an area I consider a pivotal area of technical support.

You will also notice that the 5-day moving average (red – .9547) has crossed above both the 75(green – .9493) and 25-day (blue .9488 moving averages, which is considered technically bullish. Therefore, the area around the 5-day moving average will be a pivotal area of technical support and a break back below this area could be considered technically bearish.

The March 2010 Euro Currency Futures contract (see chart below) exploded to the upside today. You can see that the next upside target appears to be the high of last week (1.3840) followed by the 25-day moving average (blue – 1.3951).

The question today is was today’s move exaggerated because there was little volume above 1.3968, or was it based on real technical momentum?

The March 2010 Japanese Yen Futures contract (see chart below) shows the Japanese Yen trading with an upward channel or bear flag formation. You will also notice on this chart that there is also a pennant flag formation (outlined by a black and green trend line).

Depending on which way this market breaks may give us an indication which way the market goes and thinking strategically the first move might be the trap?

  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: Currency Futures Trading, day trading futues

After a long weekend in the U.S., Currency Traders prepare for another week in the currency futures market. Currency Traders left off Friday with some markets consolidating, other currency markets pushing higher and one market trying to save itself from the abyss. What is in store for currency futures trading this week? Once again who knowS, but one thing is probable it won’t be for the faint of heart.

The weekly chart of the British Pound Futures (see chart below) clearly illustrates two technical points. The first being a break below a bear flag technical formation (outlined by black trendlines) and a break below a pivotal cycle low (1.5702). The 4-week moving average (red – 1.5736) may turn out to be a good gauge of technical momentum this week.

The weekly chart of the Canadian Dollar Futures (see chart below) shows not only a break below the 13-week moving average (blue – .9465 last week), which has been a strong area of technical support, but also a complete reversal and run back through the same moving average. Does this volatility mean the Canadian Dollar might be losing some technical upside momentum, or was the initial down move a bear trap?  

The weekly chart of the Euro Currency Futures (see chart below) clearly shows a market in the mist of an aggressive sell-off. You can see once currency traders broke through the cycle low of 1.4215, then this market was basically in a free-fall. The question is where will this market find technical support, will it be the 61.8% Fibonacci retracment number, or will it be on news out of the Euro Zone in regard to the debt crisis that stabilizes this market?

The weekly chart of the Japanese Yen Futures (see chart below) shows a market at a crossroads. You can see that several weeks ago the bulls found technical support at the 52-week moving average (green 1.0679 then), from which they were able to rally from, but does this rally have any legs? Or does this rally look more like a bear flag formation, which is a pause in a prevailing downward trend?

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: Currency Futures Trading, day trading futues

Currency trader’s day trading futures once again witnessed some rather large swings in a few of the currency futures markets on Thursday February 3^rd 2010.  The British Pound and Japanese Yen were relatively quite compared to the Canadian Dollar and Euro Currency. The question going into Friday is where do we go from here? My favorite answer is who knows.

The March 2010 British Pound Futures contract (see daily chart below) continues to whip around the 5-day moving average (red – 1.5655), which in my opinion is a pivotal technical area. If you are looking at the long side in tonight’s session then the 5-day moving average is a pivotal support, which also means if it fails to hold then currency traders might see the market test this week’s low (1.5531). 

The March 2010 Canadian Dollar Futures contract (see daily chart below) took off like a rocket today. The bulls were able to push this market right through both the 25 (blue – .9508) and 75-day (green – .9478) moving averages. You will also notice that the market even broke back through the top a bear flag technical formation. So what now? The 25 and 75-day moving averages will be good gauges of technical momentum as well as pivotal areas of technical support tonight and tomorrow.

The March 2010 Euro Currency Futures contract (see daily chart below) fell like plane that had lost it’s wings. The bears once again seized control of the market, which I speculate was based on external information related to the Euro Zone debt crisis. Because of the debt crisis in the Euro Zone currency traders have witnessed some extreme short-term volatility, which I believe may continue through the holiday weekend.

The March 2010 Japanese Yen Futures contract is trading between the 5-day moving average (red – 1.1151) and 75-day moving average (green – 1.1112). The current pullback from this week’s high (1.1220) might actually be a pause in a prevailing up trend. So, in my technical opinion the 75-day moving average will be a pivotal area of technical support tonight and tomorrow. I would always pay particular attention to the 5-day moving average. If the bulls are able to push the market pass this average then we might see the bulls make a run at this week’s high (1.1220).

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: CAD USD Futures, Currency Futures Day Traders, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, live trading room

Once again, day trading futures specifically currency futures was an adventure. Currency Futures Traders watched several markets rally hard after news about the Euro debt crisis. What currency traders saw after the news were missiles, ok currencies jumping up over 50 ticks within 5 minutes and over 140 ticks within an hour. I said it was an adventure to be in the currency futures market today.

The March 2010 British Pound Futures contract (see daily chart below) shows that this market held above yesterday’s low (1.5531) and climbed all the way back through the 5-day moving average (red – 1.5765). In my opinion the 5-day moving average might be a pivotal area of technical support and a potential launching pad to the upside. But if the bulls can’t hold the Biritsh Pound above this area then this market may continue to slide.

The March 2010 Canadian Dollar Futures contract (see daily chart below) also rallied today and like the British Pound climbed above the 5-day moving average (red – .9335) closing today at .9360.

You will also notice that today’s rally put the Canadian Dollar back above a bear flag technical formation, which might mean the break below was a fake to the downside, and if we’re looking at the bigger picture we might say strategically the next upside target would be somewhere near .9476.

The March 2010 Euro Currency Futures contract (see daily chart below) shows a big move up today. The move came after news about the debt crisis in the Euro Zone, which created some very large and quick moves. The question for currency day traders tonight is will the bulls be able to hold the Euro Currency above the 5-day moving average (red – 1.3722), or will the bears once again take control?

The March 2010 Japanese Yen Futures contract (see daily chart below) pulled back today piercing the 5-day moving average (red 1.1186). Is this move just a pause in a prevailing uptrend, or is this pull-back just an opportunity for currency traders to get long?

 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 futures, CAD USD Futures, Canadian Dollar futures, Currency Futures Trading, currency market, currency traders, day traders, day trading futures, Euro Currency futures, Japanese Yen futures, live trading room