The Safe-Haven Trade is BACK

FX Rundown Research Posts

/ by nawadblueline | Leave a comment

The Safe-Haven trade is back, with the U.S. Dollar and Japanese Yen seeing capital inflows overnight as Geopolitical Tensions rise.

Australian Dollar

Technicals (December)

Australian Dollar futures trade choppy in a sideways trend, trapped between 0.63000 and 0.65000. Futures have been in a Bearish trend since August 1 at 0.66400 and would need to rally to 0.64840 to Neutralize the current Bearish Trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 0.65500**, 0.67630***

Pivot: 0.64840

Support: 0.63500-0.63000**

British Pound

Technicals (December)

The British Pound has stabilized into a sideways trend with 1.2000 on the downside and 1.2250 on the upside. Futures have been in a Bearish trend since August 14 at 1.2678 and would need to rally to 1.2423 to Neutralize the current Bearish Trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 1.2423**, 1.2519***,1.2680**, 1.3000*** 

Pivot: 1.2250

Support: 1.2050-1.2000*** (New contract lows)

Canadian Dollar

Technicals (December)

Canadian Dollar futures flipped to a bearish trend on October 2 at 0.73220, where only a close over 0.74085 would take the market back to a Neutral Trend. 

The 200 DMA is at 0.74510 and will act as a new resistance point. 

Bias: Bearish/Neutral

Previous Session Bias: Neutral

Resistance: 0.74080**, 0.74500**, 0.76000***

Pivot: 0.73500

Support: 0.72750-0.72000**

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 1.0758 to Neutralize the existing trend. The 200 DMA will also act as strong resistance at 1.09370.

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 1.08590**, 1.09375**, 1.11000***

Pivot: 1.07580

Support: 1.05000**-1.04500**

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 0.688150 to Neutralize the existing Bearish trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 0.700560**, 0.725000***

Pivot: 0.688150

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 1.12600 to Neutralize the existing downward trend. 

Bias: Bearish/Neutral

Previous Session Bias: Neutral

Resistance:1.12600**, 1.13570**, 1.14940**, 1.15000***

Pivot: 1.10000

Support: 1.09000*** (Contract Lows)

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 105.26 would take it back to a Neutral trend. 

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 107.00-107.50***

Pivot: 105.26

Support: 103.65**, 101.00***

Sign up for a 14-day, no-obligation free trial of our proprietary research with actionable ideas! Free Trial Start Trading with Blue Line Futures Subscribe to our YouTube Channel
Email info@Bluelinefutures.com or call 312-278-0500 with any questions -- our trade desk is here to help with anything on the board!

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



Blue Line Futures

141 W. Jackson Blvd., Suite 2620 Chicago, IL 60604

info@bluelinefutures.com
(312) 278-0500
(F) (888) 370-2221

Quick Links
Markets
About

© 2022 by Blue Line Futures, LLC. All rights reserved.
Futures trading involves substantial risk of loss and may not be suitable for all investors.

Privacy Policy Illustration by Freepik Storyset

Get in touch with us today.
Press the contact us button to reach out to us or take a look at our social media pages.

Contact Us


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

Performance Disclaimer

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

To top