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 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 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

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

I always talk about currency futures trading not being for the faint of heart, or garden-variety-investor and today was a good example of just why I make that statement. Currency Day Traders watched several markets go through projected areas of technical support like tanks through soldiers on foot, while the Japanese Yen exploded to the upside. So, what questions area currency traders asking themselves tonight?

Well let’s start with the March 2010 British Pound Futures contract (see chart below). You can see that that once the market broke back below the 5-day moving average (red – 1.5859) the bears really put the pedal to the metal. I would like to point out that the British Pound also broke through a bear flag technical formation on the weekly chart and through a pivotal cycle low (1.5702) on the same chart.

So, what’s the next stop on the short train? Maybe the short-traing is on it’s final leg and looking to turnaround. I guess that depends on if there are enough willing to climb aboard.

The daily chart of the March 2010 Canadian Dollar Futures contract (see chart below) also sold off today. This market looked like a skydiver falling from about 2500 feet.

You can see just like the British Pound futures market, once the bears broke back through the 5-day moving average (red – .9383) the Canadian Dollar collapsed, though the Canadian Dollar is still well above the last cycle low (.9217). Can the bulls hold the Canadian Dollar above this level, or is this commodity based currency going to continue to get slammed Friday?

The daily chart of the March 2010 Euro Currency Futures contract (see chart below) shows a market that is showing no mercy for any traders buying and holding. You will also notice that the Euro Currency went through the 2.5% weekly volatility range (1.3683) in the early hours of the night market, once again going through a projected area of technical support like a runnaway train coming down a mountain.

The question for currency futures traders trading Euro Currency futures tonight is a simple one. Should currency day traders try and jump on this short-train or wait till next week to try and get into this market?

The March 2010 Japanese Yen Futures contract (see daily chart below) clearly illustrates a strong move from the 25-day moving average (blue – 1.1002) in today’s session. I have been asking currency futures traders a simple question all this week and today I think today we got our answer. The answer wat the current pause was a pause in a prevailing upward trend and not a pause in a downward trend. So what now? Can the bulls continue to push this market higher, or will we see the bears step in looking for a short-term correction?

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