Currency Futures Trading

The EUR USD is back off its’ early highs (1.2742) and currency traders who are long today are again confronted with a decision of whether or not to defend the EUR USD from further decline or to just step away and let the Euro Forex tumble. The 60-minute chart of the Euro Futures contract (see chart below) shows us that the bears and bulls are battling near the bottom of an area of concentrated volume (gray rectangle between 1.2634 & 1.2772). A break below this area and we could see the EUR USD accelerate to the downside.

Once again, the EUR USD has been extremely volatile over the last week, so even though short-term volaitility seems to have quieted down a bit don’t relax and get careless because you think the worst is behind us. Stay focused, be flexible and remember trading forex futures is like running a marathon not a sprint. To get up to the minute analysis and help identify other areas of technical support and technical resistance that might be seen in other time frames or charting applications, simply sign up for our live trading room.

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If you would like just a nightly technical recap, update and outlook for the currency futures market simply sign up for my Nightly Technical Recap, Update and Outlook for the Currency Futures Market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing technical analysis in the currency futures market 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: 'forex futuers, EUR USD, Euro Curency Futures, Euro Forex, Euro Futures, Technical Analysis

The EUR USD is holding within an area of concentrated volume (gray rectangle between 1.2670 & 1.2772). Commodity traders who were long early in the EUR USD tested a pivotal area of technical resistance only to be repelled by the bears (see chart below). The question for commodity traders today is will the bulls defend an area of technical support (between 1.2693 & 1.3670), before making another push at this morning’s high (1.2750)? Or are the bears looking to break below the area of concentrated volume and then make a play at the lows around 1.2600 in the Euro Futures market?

I would like point out for commodity traders who are trading the Euro Forex Futures, stay very vigilant, because we are in a period of large volatility and things can change very, very quickly.  To get up to the minute analysis and help identify other areas of technical support and technical resistance that might be seen in other time frames or charting applications, simply sign up for our live trading room.

For more information on our Live Trading Room….

If you would like just a nightly technical recap, update and outlook for the currency futures market simply sign up for my Nightly Technical Recap, Update and Outlook for the Currency Futures Market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing technical analysis in the currency futures market 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: Commodity Traders, EUR USD, Euro Forex, Euro Futures, Technical Analysis

The EUR USD continues its’ slide, which means the bears and fear continue to rule the day. The EUR USD is down over 100 ticks once again, but is finding intraday technical support between 1.2696 and 1.2772. The question for commodity traders today is, is this area going to be a base from which the bulls try and counter, or are the bears building a base from which they (bears) are going to launch another downward push in the Euro Forex? The 60-minute chart of the June 2010 Euro Currency Futures contract (see chart below) shows the market trading within the volume base I referred to above (gray rectangle on the bottom), and how the 24-bar moving average (blue) has held as a technical resistance area since Monday.

The 24-bar moving average may turn out to be a good gauge of short-term technical strength if the Euro Futures can get above this area. Are there other areas of technical support and technical resistance that might be seen when utilizing technical analysis in other time frames? Join me for my nightly technical recap, update and outlook for the currency futures market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing technical analysis in the currency futures market 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: Commodity Traders, currency traders, EUR USD, Euro Currency futures, Euro Forex, Euro Futures, Technical Analysis

The EUR USD just didn’t fall out of bed this morning, but fell from the top bunk. The EUR USD has broken through a pivotal technical low (1.2878), and now has no technical support until around 1.2450 (see weekly chart below). The question for commodity traders day trading futures, specifically the Euro Forex is where can commodity traders look to jump in on the Euro Futures?

The 60-minute chart of the EUR USD Futures chart (see chart above) shows an extremely steep and aggressive sell-off, which since Monday the EUR USD has lost nearly 5 cents of value. The question now is will currency traders look to take some profits after breaking almost 1 cent below 1.2878? Are there other areas of technical support and technical resistance that might be seen when utilizing technical analysis in other time frames? For complete detailed technical analysis in the currency futures market, join me daily in our live trading room. A trading room created by professional traders for traders.

For more information on our Live Trading Room….

If you would like just a nightly technical recap, update and outlook for the currency futures market simply sign up for my Nightly Technical Recap, Update and Outlook for the Currency Futures Market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing technical analysis in the currency futures market 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: Commodity Traders, currency traders, EUR USD, Euro Currency futures, Euro Forex, Euro Futures, Technical Analysis

The EUR USD has broken through the bottom of a bear flag technical formation on the weekly chart and is down nearly 200 ticks from yesterday’s close (1.3345). The 60-minute chart (see chart below) of the EUR USD clearly illustrates that once the market broke into an area of shallow volume (below gray rectangle) the Euro Forex picked up steam to the downside. The question for commodity traders day trading futures is a simple one. If you were long eArly today and do consider yourself a day trader then it is my suggestion that long day traders step out of the Euro Futures market even if it means taking bigger then average losses.

Remember, you can always get back in the EUR USD if short-term technical indicators turn. It’s also my opinion by stepping out of a bad position you will help yourself bring back objectivity to your analysis of the market. For complete detailed technical analysis for currency futures trading, join me daily in our live trading room. A trading room created by professional traders for traders.

For more information on our Live Trading Room….

If you would like just a nightly technical recap, update and outlook for the currency futures market simply sign up for my Nightly Technical Recap, Update and Outlook for the Currency Futures Market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing technical analysis in the currency futures market 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: Commodity Traders, currency futures, day trading futures, EUR USD, Euro Forex, Euro Futures, live trading room, Technical Analysis

Commodity traders day trading futures, specifically the Euro USD are engaged in a fierce battle. Commodity traders who were bearish in the Euro USD this morning were able to make some big in roads into the bulls camp. The weekly chart of the Euro Currency Futures (see top chart below) clearly shows the fierce battle that is taking place at the bottom of the bear flag technical formation (outlined in green). A break below this area and the next technical area of technical support on the weekly chart isn’t until 1.2878. The question for commodity traders today is where can they jump in on the short-train or look to play for a reversal in the Euro Forex market?

The daily chart of the June 2010 Euro Currency Futures contract (see bottom chart above) clearly illustrates that the bears were able to pierce the double bottom low (between 1.3266 & 1.3283), but the Euro Futures did bounce up after break below this area. So the question is are we seeing bulls come back into the market, or just bears taking some profits before making another downward push?  Are there other areas of technical resistance or technical support that might be seen when utilizing currency technical analysis in other time frames? For complete detailed technical analysis for currency futures trading, join me daily in our live trading room. A trading room created by professional traders for traders.

For more information on our Live Trading Room….

If you would like just a nightly technical recap, update and outlook for the currency futures market simply sign up for my Nightly Technical Recap, Update and Outlook for the Currency Futures Market.

Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing technical analysis in the currency futures market 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: Commodity Traders, day trading futures, EUR USD, Euro Currency futures, Euro Forex, Euro Futures

The Euro USD collapsed Thursday, falling over 100 tics by early morning. Currency traders day trading futures, specifically the Euro USD Futures watched the market find technical support in the vicinity of the 25-day moving average (1.3525), before inching back up to the 5-day moving average (1.3583 this morning). The question for currency traders trading tonight in the Euro Forex market is will the bears look to make another push at the low of 1.3523, or can the bulls defend this area and recover some loss ground? And what can we take from utilizing technical analysis in the June 2010 Euro Futures contract for tonight and early tomorrow morning?

The daily chart of the Euro USD (see top chart of the two charts below) shows that the Euro USD is trading within a bull flag formation (outlined in blue) and I think by looking at this chart it’s a little easier to see the importance of the area around the 25-day moving average (1.3529). A break below this area and technically there is nothing holding this market up. The weekly chart (see bottom chart of the two charts below) shows that the high of this week (1.3694) was just above the 13-week moving average (blue – 1.3646), which is still considered a pivotal area of technical resistance. A run up through this area and we might see some technical buying. Also notice the double bottom low between 1.3266 and 1.3283, which is also at the bottom of a bear flag technical formation (outlined in green). The only buffer between this double bottom low and the current price of the Euro is the 4-week moving average (red – 1.3523), which makes this area in my opinion that much more technically important.

Let’s get an even closer look at the Euro USD by looking at the 60-minute chart of the Euro Futures (see chart below). Currency traders have broken through the bottom of a bear flag formation (outlined in red) in the early hours of Thursday evening, only to be repelled by bulls defending the area around the 25-day moving average (1.3525). The area to watch in my technical opinion is going to be around both the 24-bar moving average (currently 1.3591) and the 5-day moving average (red – 1.3595). If you would like more information on my analysis and or to get my detailed strategic daily analysis in the EURO USD Futures, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Euro USD Futures Market.

For currency traders wanting up to the minute analysis join me in my trading war room by simply signing up for Live Analysis in Euro USD and Currency Futures Market. If you would like a private presentation on my strategic futures perspective, simply sign up for a Private Presentation and Discover the Power of Strategic Futures Analysis.

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: currency traders, day trading futures, Euro Forex, Euro Futures, Euro USD, Technical Analysis

The Euro USD explodes to the upside at about 7:00AM Pacific Time. The 60-minute chart of the Euro USD Futures contract (see chart below) shows that the Euro USD found technical support near the bottom of a bull flag technical formation (outlined in blue). The bottom of the bear flag technical formation actaully became the area that the bulls were able to make a strong push from. The question for currency traders night trading the Euro Forex is can the bulls maintain their technical momentum, or will the bears look to counter? What can a currency trader discern from utilizing technical analysis in the Euro Futures market?

In my technical opinion, the area around the 5-day moving average (1.3604) as well as the bottom of the bull flag technical formation will be a pivotal area of technical support as well as a potential short-term downside target. If you would like more information on my analysis and or to get my detailed strategic daily analysis in the EURO USD Futures, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Euro USD Futures Market.

For currency traders wanting up to the minute analysis join me in my trading war room by simply signing up for Live Analysis in Euro USD and Currency Futures Market. If you would like a private presentation on my strategic futures perspective, simply sign up for a Private Presentation and Discover the Power of Strategic Futures Analysis.

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: Commodity Traders, currency traders, day trading futures, Euro Forex, Euro Futures, Euro USD, Technical Analysis, Technical Support and Resistance

The Euro USD is currently trading up 13 ticks from yesterday’s close and also trading within a bull flag technical formation on the 60-minute chart (see chart below). The question for currency traders day trading the Euro USD today is will the bulls have enough in their tank to make a push at this week’s high (1.3694), or will the bears look to defend today’s session high (1.3667)? When utilizing technical analysis in the June 2010 Euro Futures contract what can currency traders see as pivotal areas of technical resistance and support in the Euro Forex market?

The 60-minute chart of the Euro USD (see chart above) clearly illustrates that currency traders are holding the Euro USD above the 24-bar moving average (1.3623), which might be a good gauge of technical strength and may turn out to be a pivotal technical area for traders day trading the Euro Futures. If you would like more information on my analysis and or to get my detailed strategic daily analysis in the EURO USD Futures, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Euro USD Futures Market.

For currency traders wanting up to the minute analysis join me in my trading war room by simply signing up for Live Analysis in Euro USD and Currency Futures Market. If you would like a private presentation on my strategic futures perspective, simply sign up for a Private Presentation and Discover the Power of Strategic Futures Analysis.

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: Commodity Traders, currency traders, day trading futures, Euro Forex, Euro Futures, Euro USD, Technical Analysis, Technical Support and Resistance

The Euro USD is currently trading near yesterday’s close (1.3588). Currency Traders day trading futures, specifically the Euro USD are watching the market consolidate between the session low (1.3555) and the session high (1.3623), which is relatively tight range (see 60-minute chart below). The question for currency traders speculating in the Euro Forex is will currency traders look to make another upward push, or are the bears looking to counter yesterday’s huge rally? When utilizing technical analysis in the Euro Futures what are currency traders looking at?

The 5-minute chart of the June 2010 Euro USD Futures contract (see chart below) shows an area of concentrated volume between 1.3572 and 1.3606 (green rectangle), which might give traders an idea of technical strength depending on which side the Euro USD breaks. Since I’ve begun writing this technical update the Euro USD has broken through the top of this concentrated volume area and appears technically poised to test the high of the session (1.3623). If you would like more information on my analysis and or to get my detailed strategic daily analysis in the EURO USD Futures, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Euro USD Futures Market.

For currency traders wanting up to the minute analysis join me in my trading war room by simply signing up for Live Analysis in Euro USD and Currency Futures Market. If you would like a private presentation on my strategic futures perspective, simply sign up for a Private Presentation and Discover the Power of Strategic Futures Analysis.

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: currency traders, day trading futures, Euro Forex, Euro Futures, Euro USD, Technical Analysis