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Currencies Commentaries

Showing Posts 1 - 12 out of 12 found.

March Autralian Dollar Futures: Trading Idea December 15, 2014

March Autralian Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the March Australian dollar futures that prices remain in a solid downtrend and on Monday hit a contract low. The bears remain in full technical command and there are no early chart clues of a market bottom being close at hand. A move in prices below chart support at .8100 would become...

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March Canada Dollar Futures: Trading Idea December 8, 2014

March Canada Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for March Canada dollar futures that prices are in a downtrend and hovering not far above the recent contract low. Prices Friday closed at a bearish weekly low close. The bears are in technical control. A move in prices below the contract low of .8693 would become a selling opportunity. The...

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March Corn Futures: Trading Idea December 4, 2014

March Euro Currency Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the March Euro currency futures that prices are in a downtrend and have just hit a contract low. The “trend is your friend” and the path of least resistance is very likely to remain sideways to lower for at least the near term. A move in prices below chart support at the contract low of...

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March Australian Dollar Futures: Trading Idea December 1, 2014

March Australian Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the March Australian dollar futures that prices are in a downtrend and on Monday hit a contract low. The bears are in firm technical control. A move in prices below chart support at the contract low of .8353 would become a selling opportunity. The downside price objective would be...

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March Britain Pound Futures: Trading Idea November 25, 2014

March British Pound Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the March British pound futures that prices are in a downtrend and last week hit a contract low. Prices are also now in a pause mode, which is not bullish. A move in prices below chart support at the contract low of 1.5576 would become a selling opportunity. The downside price objective...

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March Canada Dollar Futures: Trading Idea November 19, 2014

March Canada Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the March Canada dollar futures that prices are in a solid downtrend and have recently seen a short-covering bounce. But prices now pushed up against trend-line resistance and backed off. A move below chart support at .8750 would give the bears better downside momentum. It would also...

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March British Pound Futures: Trading Idea November 12, 2014

March British Pound Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the March British pound futures that prices are in a solid downtrend and have just recently hit a contract low. Bears are in full technical command. A move below chart support at the contract low of 1.5787 would become a selling opportunity. The downside price objective would be 1.5250 or...

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March Australian Dollar Futures: Trading Idea November 10, 2014

March Australian Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for Australian dollar futures that prices have backed down from the October high and last Friday hit a contract low. Bears are in technical command. A move below chart support at the contract low of .8470 would become a selling opportunity. The downside price objective would be .8100 or...

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March Euro Currency Futures: Trading Idea November 3, 2014

March Euro Currency Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the March Euro currency futures that prices on Monday hit a fresh contract low and the bears have good downside momentum. A move in prices below solid technical support at 1.2500 would become a selling opportunity. The downside price objective would be 1.2100 or below. Technical...

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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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