Currency Futures Trading

The Euro USD has broken below the 24-bar moving average (1.3644) and is currently testing the bottom of a bull flag technical formation (outlined in green). You will notice that the bottom of the bull flag formation is also in very close proximity to the 5-day moving average (1.3684), which I consider a pivotal area of technical support in the Euro USD Currency Futures.

This question for currency traders day trading the Euro USD Currency Futures is will bulls defend this area of technical support looking for a reversal, or will the bears try and push this market hard to the downside. For a technical recap of today’s Euro USD action, 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: currency futures, day trading futures, Euro Currency futures, Euro Futures, Euro USD, USD Euro

The Euro USD breaks through the top of a pennant technical formation (see daily chart below) and may have installed a new cycle bottom down at 1.3433. In my technical opinion, the close today might be a good gauge of technical strength and may be an indication where the Euro USD Currency Futures heads next week.

The 60-minute chart of the Euro USD (see chart below) shows how quick and aggressive last night’s really was. The 24-bar moving average will be a good gauge of short-term technical strength, while the 5 (1.3670) and 25 (1.3626) will be pivotal areas of technical support next week. To get an after market technical recap simply sign up for my AFTER MARKET EURO CURRENCY TECHNICAL RECAP.

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

Currency Traders day trading the March 2010 Euro USD Currency Futures contract, particularly those traders that were long might have had a really good day. You can see by looking at the 60-minute chart of the Euro USD (see chart below) that the bulls were able to push the Euro USD above a pivotal technical area and now might be poised for a good pop to the upside. This is if the bulls can hold the Euro USD Futures above this pivotal area of technical support.

The daily chart of the Euro USD (see chart below) shows that the Euro USD was able to close above both the 5 (red – 1.3633) and 25 (blue –1.3629) day moving averages. The market has reopened; therefore the moving averages have been recalculated and we now have a moving average crossover. This might be a confirmation of potential upside momentum. To get a live night market update simply sign up for a LATE NIGHT EURO CURRENCY 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: currency futures, day trading futures, Euro Currency futures, Euro Futures, Euro USD, USD Euro