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 trading currency futures today watched the British Pound Futures explode through the 5-day moving average, whilel the Japanese Yen Futures tumbled from the same 5-day moving average. The Canadian Dollar was once again was rather quiet, well the Euro Currency again tested the 25-day moving average. What did technical cues can we get from today’s action that traders day trading currency futures might be able to use Sunday and or Monday of next week?

The weekly chart of the British Pound Futures (see chart below) clearly shows today’s close is back towards the top one-third of the bar, which in my opinion is technically bullish. Though, the 4-week moving average (red – 1.5378) is still a formidable area of technical resistance.

The weekly chart of the Canadian Dollar Futures (see chart below) shows that the bulls were able to push this market higher this week, but failed to take out the next cycle high of .9798. Thinking strategically, what looks like a certainty is almost never a certainty especially when talking about currency futures trading, of course this is just an opinion of mine? Will the bulls look to make a play for .9798 on Sunday night or Monday, or will some bold bears look for a potential market reversal?

The weekly chart of the Euro Currency Futures (see chart below) shows that the bulls were able to close the Euro Currency above the 4-week moving average (red – 1.3620), which might be considered somewhat of bullish indication. You also notice that the lows around .13433 are very close the .618% fibonacci retracement line (1.34820). An open above the 4-week moving average on Sunday might encourage some technical upside momentum, which could lead to an aggressive up being that there might be a lot of weak shorts in late.

The weekly chart of the Japanese Yen Futures (see chart below) shows that the bears were able to push this market down over 150 ticks from its’ weekly high (1.1346). This market is trading back at the 4 (red – 1.1089) and 13-week (blue – 1.1042)-moving averages, which in my opinion makes this area a pivotal technical area on Sunday night. A break below this area and the bears might me in position to make a technical move, well a hold in this puts the bears on the defensive. 

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, currency futures, Currency Futures Trading, day trading futures, Euro Currency futures, Japaneese Yen Futures

Currency traders speculating in the currency futures market are again confronted with extreme short-term volatility. These currency futures markets are definitely not for the meek or anyone who is looking for a passive investment. Currency Futures Trading over the last several weeks have seen some large swings and we may continue to see this kind of volatility as the contracts get ready to rollover.

The March 2010 British Pound Futures contract (see chart daily chart below) was able to rise above the 5-day moving average (red – 1.5022), but was unable to keep that early upside momentum. Once again bulls are faced with late downside pressure and now the question is can the bulls hold the BP above the 5-day moving average and make another upward push, or will the bears regain control?

The March 2010 Canadian Dollar Futures contract (see chart below) shows that the market is still holding above the 5-day moving average (red – .9667), which in my opinion is a pivotal area of technical support. Will the bulls look to launch another upward move from this area, or can the bears counter and push the market back down from here?

The March 2010 Euro Currency Futures contract (see daily chart below) clearly shows that the bears were able to counter this week’s up move in the vicinity of the 25-day moving average (blue – 1.3666). The question now for currency traders tonight is will we see the bear continue to push hard to the downside, or is today’s down move an opportunity for short cover tonight and tomorrow?

The March 2010 Japanese Yen Futures contract (see daily chart) shows that the JY fell hard after making a new weekly high (1.1346). You will notice that the market even pierced the 5-day moving average (red – 1.1246) to the downside, which might instigate some further selling.

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, currency futures, Currency Futures Trading, day trading futures, Euro Currency futures, Japaneese 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

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