Currency Futures Trading

Currency traders speculating in the currency futures market today are watching a sharp pullback in the Euro Currency Futures, while the Canadian Dollar and Japanese Yen Futures are trading basically unchanged from yesterday’s closes. The British Pound Futures is down slightly, but currency traders are defending and an area of technical support. The question for currency traders day trading futures is what can they deduce from utilizing technical analysis in regard to currency futures trading?

The daily chart of the June 2010 British Pound Futures contract (see top chart of the two charts below) shows that bulls are defending the British Pound in the vicinity of the 5-day moving average (red – 1.5403), which has been a pivotal area of technical support for the last several weeks. I would also like to point out that the high today (green – 1.5520) was just below the 52-week moving average, which is a significant area of technical resistance. In my technical opinion the move from the 52-week moving average is significant and might turn out to the top of this current rally. The daily chart of the June 2010 Canadian Dollar Futures contract (see bottom chart of the two charts below) shows a breakout from the technical pennant formation (outlined in blue), which is considered technically bullish. The question today is will the bulls be able to hold the Canadian Dollar above the 5-day moving average (red – .9991), or was yesterday’s pop a technical bluff?

The daily chart of the June 2010 Euro Currency Futures contract (see top chart of the two charts below) shows a sharp sell-off that began last night and continues through the morning. The question for currency traders day trading futures, specifically the Euro Futures is where or how can bulls get long from? And if currency traders are bearish is it a good idea to try and jump on this bus to the short side? The daily chart of the Japanese Yen Futures contract (see bottom chart of the two charts below) shows a fierce battle around the 5-day moving average (Red – 1.0733), which has been an area I believe will be a good gauge of technical momentum. If you would like more information on my analysis and or to get my detailed strategic daily analysis in the Currency Futures Market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for Currency Futures Trading.

For currency traders wanting up to the minute analysis join me in my trading war room by simply signing up for Live Analysis in 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Traders were a little subdued today, which might be just enough time for currency traders take a breath and reassess the currency futures market. As currency traders have begun trading into the night market session, what can currency traders deduce from utilizing technical analysis in currency futures trading?

The daily chart of the June 2010 British Pound Futures contract (see chart below) shows that the British Pound is currently trading in the vicinity of the 5-day moving average (red – 1.5336), which in my opinion will be a pivotal area of technical support. The question is will currency traders look to make a play at this week’s high (1.5480), or will the bears look for an opportunity to short the British Pound?

The daily chart of the June 2010 Canadian Dollar Futures contract (see chart below) shows that the Canadian Dollar is very close to breaking through the top of a pennant technical formation (outlined in blue), which is also in very close proximity to the 5-day moving average (red – .9978). If currency traders are able to push the Canadian Dollar through the top of the pennant technical formation, then currency traders are trading within a significant area of technical resistance (between .9998 & 1.0290) seen on a weekly chart, which might be a serious battle between bears and bulls over the next week or so.

The daily chart of the June 2010 Euro Currency Futures contract (see chart below) looks very similar to the British Pound Futures contract. The Euro Currency has not yet filled the gap created by Sunday’s open, but currency traders should also take into account that the 5-day moving average (red- 1.3537) has crossed above the 25-day moving average (blue – 1.3529), which is considered technically bullish.So how do currency traders play this technical structure?

The daily chart of the June 2010 Japanese Yen Futures contract (see chart below) shows that the Japanese Yen is again testing the 5-day moving average (red – 1.0727), which in my opinion is a pivotal area of technical support and the only technical buffer between the low of 1.0558. If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Currency Futures Market.

If you would like to join me my trading room during trading hours simply sign up to have access to the Trading War Room. 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Traders started the week with a bang, particularly in the Euro Currency and British Pound Futures contracts. The Euro Currency opened Sunday afternoon above pivotal areas of technical resistance as did the British Pound Futures. The Canadian Dollar and Japanese Yen on the other hand opened down on Sunday, but currency traders were able to push both the Canadian Dolllar and Japanese Yen back up by Monday’s Globex close. When utilizing Technical Analysis techniques in the currency futures market tonight; be flexible and objective when trying to create trading ideas on how to navigate the current technical structure of the currency futures market.

The daily chart of the June 2010 British Pound Futures contract (see chart below) clearly illustrates that the British Pound Futures opened (1.5437) Sunday afternoon above the last cycle high (1.5375), but currency traders were unable to hold on to the early upside momentum. I would like top point out that today’s close (1.5370) was back below the last cycle high of 1.5375, which might indicate technically today’s pop was a little exaggerated.

The daily chart of the June 2010 Canadian Dollar Futures contract (see chart below) shows that the Canadian Dollar continues to trade within a technical pennant formation (outlined in blue). Currency Traders were able to defend the bottom of this technical formation in today’s session and were even able to push the Canadian Dollar back above the 5-day moving average (red – .9968). The question for currency traders tonight is will the bulls make a play for the top of the pennant formation, or will currency traders trade between the lines tonight?

The daily chart of the June 2010 Euro Currency Futures contract (see chart below) that the Euro Currency opened well above the last cycle high of 1.3593 and like the British Pound Futures contract currency trader were unable to hole onto the early upside momentum. The question for currency traders tonight is will the bulls look to make another upward push, or are the bears looking to recover some lost ground?

The daily chart of the June 2010 Japanese Yen Futures contract (see chart below) shows that the Japanese Yen continues to hold above the 5-day moving average (red – 1.0712), which I have designated as a pivotal area of technical support and good gauge on whether last week’s bounce is technically significant. If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Currency Futures Market.

If you would like to join me my trading room during trading hours simply sign up to have access to the Trading War Room. 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Traders have returned to the currency market with a vengeance, particularly in both the British Pound and Euro Currency Futures market. The Canadian Dollar and Japanese Yen on the other hand are relatively unchanged So, when utilizing market what can technical analysis in the currency futures currency traders deduce from today’s early currency action?

The daily chart of the June 2010 British Pound Futures contract (see chart below) clearly illustrates that the bulls have broken through the last cycle high of 1.5375 and are currently testing the 13-week moving average (1.5412), which in my opinion will be a pivotal technical area. The question for currency traders looking to night trade the British Pound is simple. Is today’s rally an opportunity to get long, or is today’s rally an opportunity to get short?

The daily chart of the June 2010 Canadian Dollar Futures contract (see chart below) shows the Canadian Dollar trading within a pennant technical formation and also in very close proximity to the 5-day moving average (red – .9967). The question for currency traders tonight is how to position for a break down or a run up in this currency futures market?

The daily chart of the June 2010 Euro Currency Futures contract (see chart below) shows that this market has exploded to the upside and is currently up over 200 ticks. Today’s open was above the last cycle high of 1.3593, and utilizing the daily chart the next technical upside target appears to be around the 75-day moving average (green – 1.3816). I would like to point out that the current price is also in very close proximity to the 13-week moving average (1.3655), which in my technical opinion mioght be a pivotal technical area to watch tonight.

The daily chart of the June 2010 Japanese Yen Futures contract (see chart below) shows the Japanese Yen trading in very close proximity to the 5-day moving average (red – 1.0716), which I’ve stated before will be an important area of determining the validity of the current rally. If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Currency Futures Market.

If you would like to join me my trading starting at 4:30AM Pacific time simply sign up to have access to the Trading War Room. 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Traders day trading futures, specifically currency futures are watching the British Pound and Euro Currency Futures (see charts below) markets rally. The British Pound is the bigger mover of the two and actually pierced the last cycle high (1.5375) in the early morning (see top chart of the two charts below). In the Euro Currency day traders are battling near the 5-day moving average (1.3395), which may turn out to be a pivotal technical area in today’s trading session.

The Canadian Dollar and Japanese Yen Futures contracts (see charts below) are both trading to the downside. Commodity Traders have once again been able to push the Canadian Dollar (top chart of the two charts below) back below the 5-day moving average (red – .9968), which has been a pivotal area of technical support over the last several weeks and in my technical opinion a good gauge of technical momentum. And commodity traders day trading the Japanese Yen are battling near the 5-day moving average (red – 1.0680), which is an area I speculated to be pivotal in regard to the technical strength of this week’s bounce. If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Currency Futures Market.

If you would like to join me my trading room during trading hours simply sign up to have access to the Trading War Room. 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Traders day trading futures, specifically currency futures were again witness to some big reversals. The British Pound and Canadian Dollar were able to get back above key areas of technical resistance, while the Euro Currency was finally able to stop its’ slide even though the market finished down. The Japanese Yen on the other pulled back today, after running into stiff technical resistance.

The June 2010 British Pound Futures contract (see chart below) shows that the bulls defended the area around this week’s low (1.5122), which was also just above the 25-day moving average (blue – 1.5112). The question for currency traders tonight is will the bulls continue to push this market higher since they (currency bulls) were able to climb back above the 5-day moving average (red – 1.5267)?

The June 20101 Canadian Dollar Futures contract (see chart below) shows that this market reversed after falling nearly 100 ticks below the 5-day moving average (red – .9972). The question for commodity traders trading the Canadian Dollar tonight is will the bulls look for a new weekly high tonight, or will the bears try and regain control?

The June 2010 Euro Currency Futures contract (see chart below) shows an almost 100 tick rally from last night’s low (1.3283), but currency traders be aware that the Euro still finished down 21 ticks from Wednesday’s close. The question for currency traders going into tonight and tomorrow is was today’s rally technically significant or just a trap door being set by the bears?

The June 2010 Japanese Yen Futures contract (see chart below) shows that the bulls made a new weekly high (1.0777) today, but also ran into stiff technical resistance in that area. As I said before, the real test of this bounce in my opinion comes on the restest of the 5-day moving average (red – 1.0681). If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Currency Futures Market.

If you would like to join me in my trading room during trading hours simply sign up to have access to the Trading War Room. 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Traders day trading futures, specifically currency futures are watching markets trade at pivotal areas of both technical support and technical resistance. The question for commodity traders speculating in these markets is what can they (currency traders) get from utilizing strategic technical analysis today?

Both the daily charts of the June 2010 British Pound and Canadian Dollar Futures contracts (see charts below) show that both of these currency markets are trading below their 5-day moving averages, which for both currency markets has been a pivotal area of technical support. The question in the British Pound (top chart of the two charts below) is, is the break below the 5-day moving average (red – 1.5228) a bluff to the downside, or are the bears looking to make a real push at this week’s low (1.5122)? In Yesterday’s technical recap for the Canadian Dollar (bottom chart of the two charts below) I wrote that a break below the 5-day moving average (red – .9940) might trigger some technical selling, which is what currency traders might be witnessing today. The question for currency day traders trading the Canadian Dollar is a simple one, is today’s sell-off the beginning of a short-term correction, or just an opportunity to get long?

Both the daily charts of the June 2010 Euro Currency and Japanese Yen Futures contracts (see charts below) show two markets headed in two different directions. The daily of the Euro Currency clearly illustrates a bearish market that continues to make new weekly lows (1.3283). Note; the Euro Currency has had a significant intra-day bounce from this week’s low and the question for currency traders day trading the Euro now is, is this an opportunity to get short, or has the Euro installed the low of the week? The Japanese Yen is still rising, but the real test in my technical opinion comes when the market retest the 5-day moving average (red – 1.0661). If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Currency Futures Market.

If you would like to join me my trading room during trading hours simply sign up to have access to the Trading War Room. 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Futures Traders day trading futures, specifically currency futures watched some markets like the British Pound and Canadian Dollar pull back to pivotal areas of technical support, while the Euro Currency continued to push lower. The Japanese Yen on the other hand continued its’ bounce from last week’s low (1.0558). The question for currency traders tonight is are the areas of technical support in the British Pound and Canadian Dollar opportunities to buy these markets and what about the Euro Currency and Japanese Yen? Let’s take a closer look at each market.

The daily chart of the June 2010 British Pound Futures contract (see chart below) shows that the market again tested the 25-day moving average (blue – 1.5104), which is just below this week’s low (1.5122). The question for currency traders night trading the British Pound is will the bulls be able to push this market back above the 5-day moving average (red – 1.5236), or will this area hold as technical resistance?

The daily chart of the June 2010 Canadian Dollar Futures contract (see chart below) show that the bulls were able to install a new weekly high (1.0022), but were then driven back down to the 5-day moving average (red – .9949). The 5-day moving average has been a pivotal area of technical resistance for the last several weeks, and a break below this average might trigger some technical downside momentum.

The daily chart of the June 2010 Euro Currency Futures contract (see chart below) shows that the bears seem to be in complete control. The question tonight is do the bears make a play at the significant technical low of 1.3266? A break below today’s low (1.3326), and the next potential downside target is the low of 1.3266. I would also like to point out that below 1.3323 and there isn’t much in the way of concentrated volume; therefore a move below that area could be steep and quick.

The daily chart of the June 2010 Japanese Yen Futures contract (see chart below) shows that the Japanese Yen is in the mist of a pretty good correction. You will notice that since the Japanese Yen ran back above the 5-day moving average (red 1.0655) it has been up, up and away. The question is will the bulls have enough technical momentum to test areas of technical resistance, or is this bounce just a pause in a prevailing downward trend? If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the Currency Futures Market. If you would like to join me my trading room during trading hours simply sign up to have access to the Trading War Room.

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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, day trading futures, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

Currency Traders speculating in the currency futures market saw some big moves today. The question for currency traders day trading futures, or maybe night trading futures, is how to navigate the current technical structure of the currency futures market tonight and or tomorrow morning? Remember, trading is about speculating on price action and taking calculated risks. There are never any guarantees in trading currency futures, only the opportunity to win or lose.

The June 2010 British Pound Futures contract (see chart below) fell early but the bulls were able to counter just above the 25-day moving average (blue – 1.5096). You can see that currency traders are once again right at the 5-day moving average (red – 1.5251), which might make be a pivotal technical area to watch tonight.

The June 2010 Canadian Dollar Futures contract (see chart below) shows that the Canadian Dollar made a new weekly high (1.0012) before pulling back just a tad. The question for currency traders tonight is will we see the bulls continue to push this market up, or is this market poised for a potential pullback?

The June 2010 Euro Currency Futures contract (see chart below) shows that the Euro Currency broke below a bear flag technical formation (outlined in green) and appears potentially poised to retest the lows around 1.3266. I would also like to point out that today’s move might have been purely technical and an opportunity for the market to take out last week’s low of 1.3385 before retesting the 25-day moving average (blue – 1.3547).

The June 2010 Japanese Yen Futures contract (see chart below) was finally able to push back above the 5-day moving average (red – 1.0631), which has been a pretty stiff area of technical resistance. The question is will  the bulls be able to hold the market above this average tonight, or are the bears preparing for another downward push? If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis

As currency traders came back from a weekend of food and family how motivated were currency traders to want to get right back at currency futures trading? The British Pound continued to push higher as did the Canadian Dollar. The Euro Currency was rather quite, while the Japanese Yen took a respite from its’ free fall. The question for currency traders tonight is the same question currency traders as every night, which way do we go from here?

The daily chart of the June 2010 British Pound Futures contract (see chart below) shows that the 5-day moving average (red – 1.5241_ is a pivotal area of technical support followed by the 25-day moving average (blue – 1.5091). The last cycle high of 1.5375 is now well within this week’s range and might be the only buffer between earth and outer space. The question for currency traders now is will we see this market pull back before testing the next cycle high (1.5375), or will see the bulls just try to push higher from here?

The daily chart of the June 2010 Canadian Dollar Futures contract (see chart below) shows an explosion not only through the top of a bull flag formation (outlined in blue), but above the last cycle of .9938. The question for currency traders tonight and over the next few days is will we see this market continue to run, or is there an area of projected technical resistance that might be an area from which the bears try and counter?

The daily chart of the June 2010 Euro Currency Futures contract (see chart below) shows that the Euro Currency is currency trading within a bear-flag technical formation (outlined in green). You will also notice that the top of the bear flag formation is in very close proximity to the 25-day moving average (blue – 1.3562), which makes this area a pivotal area of technical resistance. The question for currency traders tonight is how to navigate the current technical structure of this market?

The daily chart of the June 2010 Japanese Yen Futures contract (see chart below) shows that the 5-day moving average (red – 1.0627) has come down to the price of the Japanese Yen. This average (5-day) has been a pivotal area of technical resistance since the Japanese Yen broke through the bottom of a bear-flag technical formation. The question tonight is will we currency bears look to make another downward push from the area around the 5-day moving average, or will we see the bulls look to counter? If you would like live daily or nightly technical recaps of the currency futures market, simply sign up for my Nightly Technical Recaps, Updates and Outlooks for the 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: British Pound futures, Canadian Dollar futures, currency futures, Currency Futures Trading, currency traders, Euro Currency futures, Futures Trading, Japanese Yen futures, Technical Anlaysis