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 day traders day trading the Euro USD watched the Euro USD pop up early only to pull back after reaching 1.3605. The 60-minute chart of the March 2010 Euro USD Currency Futures (see chart below) shows that this market is now trading within a bull flag technical formation and is holding in the vicinity of both the 5-day moving average (1.3630) and the 4-week moving average (1.3623).

The question for currency traders tonight is will the bulls try and push through the top of the bull flag formation in tonight’s session, or will the bears make a move to try and push this market back down? To get a live night market update simply sign up for a night market Live Technical Update.

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: day trading futures, Euro Currency futures, Euro Futures, Euro USD

Currency traders start off Sunday pushing the Euro USD higher. The 60-minute chart of the March 2010 Euro USD Euro Currency Futures (see chart below) clearly illustrates the market pushing off from the key areas of technical support. Currency Traders should also note above 1.3668 is a area I consider shallow in regard to concentrated volume, which in my technical opinion may help exaggerate the early up move.

So, the question for currency traders tonight is will this rally continue, or is it an opportunity to get short the Euro USD Currency Futures? To get a live night market update simply sign up for a late night Live Market Update.

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: day trading futures, Euro Currency futures, Euro Futures, Euro USD

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 were quiet last night, more then likely not wanting to make any big bets before the U.S. Non Farm Payrolls report. With that behind us now, the initial move after the report in the Euro USD was a 40-tick spike down followed by a 30-minute recovery (see 60-minute chart below). The question for currency traders day trading the Euro USD Currency futures is which was do we go from here?

My favorite answer to this question is who knows. What I do see is technical resistance at the 24-bar moving average (1.3566) followed by the 5-day moving average (1.3598) and 4-week moving average (1.3600). A break above this area and we might see some technical momentum to the upside. If you would like a live update join me in my TRADING ROOM NOW.

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: day trading futures, Euro Currency futures, Euro Futures, Euro USD

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 day traders trading the Euro USD watched the market break through the bottom of a bear flag technical formation (see 60-minute chart below) and then watched the Euro USD Futures take out yesterday’s session low (1.3592). The question for currency traders day trading futures, specifically the Euro USD Futures is was the spike down a strategic move just to take out stops, or was this early down move a rekindling of the downward trend?

The 5-minute chart of the March 2010 Euro USD Currency Futures (see chart below) shows an area of concentrated volume between 1.3588 and 1.3608 (bottom green rectangle), which might be a good gauge of technical strength today.

To get up to the minute strategic analysis in the Euro USD, then join me in the TRADING ROOM NOW. 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: day trading futures, Euro Currency futures, Euro Futures, Euro USD

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 day trading the Euro USD futures are watching a battle for intra-day control as the bulls try and push Euro USD currency futures through a key area of technical resistance (1.3646), while holding the Euro Futures above a pivotal area of technical support. The 60-minute chart of the March 2010 Euro USD Currency Futures (see chart below) shows that the bulls are holding the market above three key technical areas (5-day M/A 1.3602, 24-bar M/A 1.3619 and 4-week M/A 1.3629).

Euro USD Currency Futures 60-minute chart

These areas of technical support in my technical opinion are pivotal in gauging technical strength for the day and possibly even for the rest of the week. 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: day trading futures, euro currency, Euro Currency futures, Euro USD

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