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Currencies Commentaries

Showing Posts 1 - 15 out of 15 found.

March Australian Dollar Futures: Trading Idea October 30, 2014

March Australian Dollar Futures a Buying Opportunity on More Price Strength See on the daily bar chart for the March Aussie dollar futures that prices are in a fledgling uptrend, have just hit a five-week high and have seen a bullish upside “breakout” from a sideways trading range at lower price levels. The bulls have gained good upside technical momentum recently. A move above chart...

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December Euro Currency Futures: Trading Idea October 24, 2014

December Euro Currency Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Euro currency that prices have backed off this week and the bears have gained fresh downside momentum. A move in prices below chart support at 1.2600 would become a selling opportunity. The downside price objective would be 1.2200 or below. Technical resistance, for which...

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December Canadian Dollar Futures: Trading Idea October 21, 2014

December Canada Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Canadian dollar futures that prices are in a solid downtrend and have recently hit a contract low. The bears have the firm near-term technical advantage. A move in prices below chart support at Tuesday’s low of .8840 would become a selling opportunity. The downside price...

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Australian Dollar Futures: Trading Idea October 17, 2014

Australian dollar futures a selling opportunity on fresh price weakness. See on the daily bar chart for the December Australian dollar futures that prices have seen a recent choppy pause following a downtrend. This pause is not bullish and suggests the bears are storing up power for a new leg down in prices. A move below solid chart support at the recent low of .8598 would give the bears...

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December British Pound Futures: Trading Idea October 15, 2014

December British Pound Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December British pound futures that prices remain in a solid downtrend and on Wednesday hit another contract low. The bears remain in firm technical control. A move below chart support at Wednesday’s low of 1.5868 would become a selling opportunity. The downside price objective...

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December Euro Currency Futures: Trading Idea October 13, 2014

December Euro Currency Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Euro currency that prices remain in a solid downtrend and the bears have the firm near-term technical advantage. A move below chart support at 1.2600 would become another selling opportunity. The downside price objective would be 1.2200, or below. Technical resistance, for...

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December British Pound Futures: Trading Idea October 7, 2014

December British pound futures a selling opportunity on more price weakness. See on the daily bar chart for the December British pound futures that prices have resumed a downtrend and the bears have regained momentum. See, too, that the Moving Average Convergence Divergence (MACD) indicator has just produced a bearish line crossover signal, whereby the thick blue MACD line crossed below the...

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December Canadian Dollar Futures: Trading Idea October 3, 2014

December Canadian Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Canada dollar that prices are in a nearly three-month-old downtrend and on Friday hit a six-month low. The bears have the firm near-term technical advantage. A move below chart support at Friday’s low of .8877 would become a selling opportunity. The downside price...

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December Japanese Yen Futures: Trading Idea October 1, 2014

December Japanese Yen Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Japanese yen futures that prices are in a strong downtrend and hit a new contract low on Wednesday. Bears are in full technical command and more downside price pressure is likely in the near term. A move below chart support at Wednsday morning’s low of .9088 would become a...

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December Euro Currency Futures: Trading Idea September 29, 2014

December Euro Currency Futures Another Selling Opportunity on More Price Weakness See on the daily bar chart for December Euro currency futures that prices remain in a strong downtrend and last week hit a contract and 14-month low. The bears continue to have the solid overall near-term technical advantage. History shows that trends in currency markets tend to be stronger and longer-lasting...

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December British Pound Futures: Trading Idea September 23, 2014

December British Pound Futures a Buying Opportunity on More Price Strength See on the daily bar chart for the December British pound futures that prices are in a fledgling uptrend as the bulls have gained some technical strength. See, too, that the Moving Average Convergence Divergence (MACD) indicator has recently produced a bullish line crossover signal, whereby the thick blue MACD line...

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December Euro Currencies Futures: Trading Idea September 19, 2014

December Euro Currency Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Euro currency that prices remain in a solid downtrend and this week hit a contract low. The bears remain in firm command. A move below chart support at this week’s low of 1.2843 would become a selling opportunity. The downside price objective would be 1.2450 or below....

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December Australian Dollar Futures: Trading Idea September 11, 2014

December Australian Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Australian dollar futures that prices have dropped sharply this week and hit a 5.5-month low. The bears have quickly gained solid downside technical momentum to suggest still more selling pressure in the near term. A move below technical support at Thursday’s low of...

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December Canada Dollar Futures: Trading Idea September 5, 2014

December Canada Dollar Futures a Buying Opportunity on Fresh Price Strength See on the daily bar chart for the December Canadian dollar futures that prices have made a good rebound from the August lows. A bullish double-bottom reversal pattern has also formed. A move above solid chart resistance at last week’s high of .9226 would become a buying opportunity. The upside price objective would...

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December British Pound Futures: Trading Idea September 2, 2014

December British Pound Futures a Selling Opportunity on More Price Weakness  See on the daily bar chart for the December British pound futures that prices are in a steep six-week-old downtrend and the bears have the firm near-term technical advantage. A move below chart support at the recent low of 1.6484 would become a selling opportunity. The downside price objective would be 1.6200 or...

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