The U.S. Dollar index hits 11-month highs

Research Posts FX Rundown

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Friday’s reversal in the U.S. Dollar pressure all G-10 Currencies

Australian Dollar

Technicals (December)

Australian Dollar futures continue to trend sideways, trapped between 0.64000 and 0.65000. Futures have been in a Bearish trend since August 1 at 0.66400 and would need to rally to 0.65045 to Neutralize the current Bearish Trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance:0.65500**, 0.67630***

Pivot: 0.65045

Support: 0.64000-0.63500**

British Pound

Technicals (December)

The British Pound slides further after the BOE signals ending its interest rate hike cycle. Futures have been in a Bearish trend since August 14 at 1.2678 and would need to rally to 1.2477 to Neutralize the current Bearish Trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 1.2477**, 1.2519***,1.2680**, 1.3000*** 

Pivot: 1.2252

Support: 1.2150-1.2100*** (New contract lows)

Canadian Dollar

Technicals (December)

Canadian Dollar futures have flipped to a Neutral Trend where a close over 0.74430 would trigger a Bullish trend, or a close below 0.73750 would take futures back to a Bearish trend. The 200 DMA is at 0.74520 and will act as a new pivot point. 

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 0.74520**, 0.76000***

Pivot: 0.74250

Support: 0.73750-0.73000**

Euro Currency

Technicals (December)

The Euro Currency has been in a Bearish trend since August 14 at 1.09700 and would need a close back above 1.08080 to Neutralize the existing trend. The 200 DMA will also act as strong resistance at 1.09440. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 1.08590**, 1.09485**, 1.11000***

Pivot: 1.0800

Support: 1.05750**-1.05500**

Japanese Yen

Technicals (December)

Japanese Yen futures have been in a Bearish trend since August 1 at 0.712650 and would need a close over 0.690775 to Neutralize the existing Bearish trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 0.700560**, 0.725000***

Pivot: 0.695000

Support: 0.675000***

Swiss Franc

Technicals (December)

The Swiss Franc has been in a Bearish trend since August 24 at 1.14445 and would be a close over 1.13055 to Neutralize the existing downward trend. 

Bias: Bearish/Neutral

Previous Session Bias: Neutral

Resistance: 1.13570**, 1.14940**, 1.15000***

Pivot: 1.13055 (200 DMA)

Support: 1.09500***

U.S. Dollar

Technicals (December)

The U.S. Dollar continues to push to new contract highs. The U.S. Dollar has been in a Bullish trend since August 11 at 102.33 and only a close under 104.90 would take it back to a Neutral trend. 

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 106.00-106.50***

Pivot: 104.90

Support: 103.65**, 101.00***

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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