Currency Futures Trading

As the March contracts get ready to rollover to June, currency traders day trading futures, specifically the currency futures market are taking what appears to be a respite. The question for currency traders tonight is will we see this quite currency futures trading continue, or will the currency futures market wake up and take no prisoners.

The daily chart of the March 2010 British Pound Futures contract (see chart below) shows that the bulls were once again held below the 5-day moving average (red – 1.5040) in Tuesday’s trading session. The low of tonight in my opinion becomes a pivotal area of technical support, while a run back above the 5-day moving average may trigger some short-term upside momentum and or maybe short coverings.

The daily chart of the March 2010 Canadian Dollar Futures contract (see chart below) shows that the bulls are holding the market just above the 5-day moving average (red .9724), which continues to be a pivotal area of technical support. A break below this average and currency traders might see some technical downside pressure at least over the short-term. If the market holds this area then the high of .9792 comes into play on the long side.

The daily chart of the March 2010 Euro Currency Futures contract (see chart below) shows that the Euro Currency is holding below a pivotal area of technical resistance, which on this chart consists of the 5 (red – 1.3606) and 25 day (blue – 1.3630) moving averages. A run back above this area and we could see some aggressive short-coverings as well as short-term longs, while a failure to run pass this technical area will put the bulls on the defensive again.

The daily chart of the March 2010 Japanese Yen Futures contract (see chart below) shows that the bulls are facing tuff technical resistance in the area of the 5 (red – 1.1126), 25 (blue – 1.1121) and 75 (green – 1.1105) moving averages. The question for currency traders tonight is can they (bulls) get back above this area, or will the bears continue to do what they started to do last Friday?

If you would like a technical update of tonight’s currency action, simply sign up for a NIGHT MARKET TECHNICAL UPDATE in the CURRENCY FUTURES MARKET.

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, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, Japanese Yen futures

Currency Traders night trading futures, specifically the currency futures are once again watching the British Pound and Euro Currency Futures tumble, while the Japanese Yen Futures rallies and the Canadian Dollar Futures sits. Will the current lows in the British Pound and Euro Currency Futures be the lows of the session, or will currency day traders seek to install new session low’s as the day breaks in the United States?

The daily chart of the March 2010 British Pound Futures contract (see chart below) shows that the bears have once again broke through the 5-day moving average (1.5054), which in my opinion was a pivotal area of technical support. The question for currency traders now is will this market continue to sell-off in today’s session or will currency traders look for a complete reversal later today?

The daily chart of the March 2010 Canadian Dollar Futures contract (see chart below) clearly illustrates the market still holding above and at the 5-day moving average (red – .9707). This area has been a pivotal area of technical support and might be the area the bulls look to launch a run at the high of .9792.

The daily chart of the March 2010 Euro Currency Futures contract (see chart below) shows that the 5-day moving average (red – 1.3624) and 25-day moving average (blue – 1.3640) are converging. A short-term average crossing above a longer-term average would be considered bullish, but if this crossover occurs it would probably occur only after a close back above the 25-day moving average. So, the question for currency traders is do you want to be in position for a potential reversal, or wait for confirmation of a bottom?

The daily chart of the March 2010 Japanese Yen Futures contract (see chart below) shows that the Japanese Yen has popped back up in the night market session, but has run right into technical resistance at the 5-day moving average (red – 1.1165). In my technical opinion the 5-day moving average may be a good gauge of technical strength in today’s session.

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, Currency Futures Trading, Euro Currency futures, Japanese Yen futures

Currency Traders day trading futures, specifically currency futures witnessed some huge rallies today. The British Pound Futures for instance continued its’ two-day upward march that began at the low of 1.4778 on Monday and reached 1.5131 today. The Canadian Dollar Futures also pushed higher today, well the Euro Currency Futures didn’t just push higher, but exploded up. The Japanese Yen Futures continues to rally and now the question is are we seeing rallies supported by real technical strength or are we witnessing short coverings as futures contracts get ready to rollover?

The March 2010 British Pound Futures contract (see chart below) shows that the BP ran right into technical resistance at the 5-dayh moving average (red – 1.5109), which in my opinion will be a good gauge of technical strength over the near term.

The March 2010 Canadian Dollar Futures contract (see chart below) shows the CD appears technically poised to test the next cycle high (.9792), but will we see a pullback before we see a retest of .9792?

The March 2010 Euro Currency Futures contract (see chart below) shows that this market has rallied from a low of 1.3433 to a weekly high of 1.3737, which just over 300 ticks in two days, which is scary if a currency trader was on the wrong side of that move. The 25-day moving average (blue – 1.3692) might be an area to watch in tonight’s session.

The March 2010 Japanese Yen Futures contract (see chart below) shows that the bulls have been launching upward moves from the vicinity of the 5-day moving average (red – 1.1263). The question tonight is will the bulls once again hold and rally from this area, or will the bears look to counter this two week rally?

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, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, Japanese Yen futures

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

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

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

Today was somewhat of a respite for day traders day trading futures, specifically those day traders day trading in the currency futures markets. The British Pound Futures once again made a new low (1.5531), while the Canadian Dollar and Euro Currency held above last Friday’s lows. The Japanese Yen Futures consolidated today and now the question is where do we go from here?

As for the British Pound Futures (see daily chart below) you can see that the 5-day moving average has been a pivotal area of technical resistance and might be a good gauge of short-term technical momentum in the coming days. The weekly chart of the British Pound shows that this market has broken below a pivotal area of technical support (last cycle low 1.5702), which in my opinion puts this market on the defensive.

The March 2010 Canadian Dollar Futures contract (see chart below) shows a break below a now so definitive bear flag formation (outlined by black trendlines. The 5-day moving average (red – .9331) will be a pivotal area of technical resistance and like the 5-day moving average in the British Pound a potential good gauge of technical momentum.

The Euro Currency Futures contract (see daily chart below) shows that market was able to hold above Friday’s low (1.3584), but slid over 65 ticks going into the close. Can the bulls make another run at the 5-day moving average (red – 1.3718), or was today’s high another area that the bears were shorting looking for the low of 1.3584?

The March 2010 Japanese Yen Futures contract (see chart below) shows a market that look like paint drying. Why would I say that, because this market had a range of 53 ticks today, that’s why? Is this a pause in a prevailing upward trend, or are the bears getting ready to strike?

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