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Currencies Commentaries

Showing Posts 1 - 11 out of 11 found.

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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December Australian Dollar Futures: Trading Idea August 26, 2014

December Australian Dollar Futures a Selling Opportunity on Fresh Price Weakness  See on the daily bar chart for the December Australian dollar futures that prices are still in a choppy downtrend. A move below .9200 would give the bears fresh downside near-term technical momentum and it would also become a selling opportunity. The downside price objective would be .9080, or below. Technical...

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December Japanese Yen Futures: Trading Idea August 21, 2014

December Japanese Yen Futures a Selling Opportunity on More Price Weakness  See on the daily bar chart for the December Japanese yen that prices are in a four-week-old downtrend and have just hit a 4.5-month low. The bears have near-term technical momentum. A move below chart support at Thursday’s low of .9630 would become a selling opportunity. The downside price objective would be .9475 or...

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December Euro Currency Futures: Trading Idea August 14, 2014

December Euro Currency Futures a Selling Opportunity on More Price Weakness  See on the daily bar chart for December Euro currency futures that prices are in a six-week-old downtrend and the bears have the firm near-term technical advantage. A move in prices below solid chart support at the recent low of 1.3343 would give the bears fresh downside momentum and it would also become a selling...

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December Canada Dollar Futures: Trading Idea August 7, 2014

December Canada Dollar Futures a Selling Opportunity on More Price Weakness  See on the daily bar chart for the December Canada dollar futures that prices are in a steep four-week-old downtrend and have just hit a three-month low. The bears have downside technical momentum. A move below chart support at this week’s low of .9075 would become a selling opportunity. The downside price objective...

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December Australian Dollar Futures: Trading Idea August 5, 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 sold off recently and hit a two-month low. The bears have gained some downside technical momentum and would gain more technical strength by pushing prices below solid chart support at last week’s low of .9195. That would also...

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December British Pound Futures: Trading Idea August 1, 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 three-week-old downtrend and have just hit a six-week low. The bears have gained good downside near-term technical momentum to suggest prices will continue to trend sideways to lower in the near term. A move below chart...

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December Canada Dollar Futures: Trading Idea July 29, 2014

December Canada Dollar Futures a Selling Opportunity on More Price Weakness See on the daily bar chart for the December Canada dollar futures that prices are in a three-week-old downtrend and have just hit a four-week low. The bears have gained downside technical momentum. A move below chart support at .9200 would become a selling opportunity. The downside price objective would be .9000 or...

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September Swiss Franc Futures: Trading Idea July 25, 2014

September Swiss Franc Futures a Selling Opportunity on More Price Weakness  See on the daily bar chart for the September Swiss franc futures that prices are in a downtrend and have just hit a five-month low. The bears have downside technical momentum. A move in prices below chart support at Friday’s low of 1.1054 would become a selling opportunity. The downside price objective would be...

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September Euro Currency Futures: Trading Idea July 17, 2014

September Euro currency futures a selling opportunity on more price weakness. See on the daily bar chart for the September Euro currency futures that prices are in a fledgling downtrend and have just hit a four-week low. The bears have gained downside technical momentum and would gain more strength by pushing prices below solid technical support at the June low of 1.3505. That would also...

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September Australian Dollar Futures: Trading Idea July 15, 2014

September Australian Dollar Futures a Selling Opportunity on Fresh Price Weakness See on the daily bar chart for the September Australian dollar futures that recent price action has seen higher volatility at higher price levels, which is an early technical clue of a market top being in place. A rare and bearish diamond pattern has also formed on the daily chart. A move in prices below chart...

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