Currency Futures Trading

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 opened Sunday night up over 200 ticks from last Friday’s close (1.3456). Currency Traders have been able to drive the Euro USD back down to the 24-bar moving average (1.3465) this morning (see top chart of the two charts below), but the question for currency traders now is will the bulls make another upward push in the Euro Forex today? In utilizing technical analysis in the Euro Futures what can currency traders day trading futures deduce from today’s early currency action?

The time based flow chart of the Euro USD (see bottom chart of the two charts above) illustrates an area of volume support between 1.3567 and 1.3586, which in my technical opinion is a key short-term area of technical support. This chart also illustrates volume resistance in the Euro USD between 1.3610 and 1.3638, which will be a pivotal area of intra-day technical resistance. 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 looks like a rocket taking off from Cape Canaveral. Currency Traders trading the Euro USD this morning defended the area around the 24-bar moving average (blue – 1.3367, which turned out to be the launching pad to the upside (see chart below). You will also notice that Currency Traders blew through projected areas of technical resistance like a tank through a wall. The question for commodity traders day trading futures and utilizing technical analysis, specifically in the Euro Forex is how to navigate or play this current spike in the Euro Futures?

You will notice that above 1.3462 (top of concentrated volume area gray rectangle on the bottom) there wasn’t much in the way of concentrated volume; therefore in my opinion, this added to the ability of short-term bulls to push this market through the roof. If you look at the chart below (5-minute flow chart) you will notice areas of volume resistance (blue rectangles) and support (red rectangles). This flow chart clearly illustrates that bulls were buying the Euro Currency at the asking price between 1.3364 and 1.3376, which was also in the vicinity of the 24-bar moving average. 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