Global Currency Markets on the Watch

FX Rundown Research Posts

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Australian Dollar

Technicals (December)

Australian Dollar futures flipped to a Bullish Trend on November 6th at 0.65000 and would take a close below 0.63410 to shift back to a Neutral Trend. 

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 0.65030**, 0.65530**, 0.67630***

Pivot: 0.64070 (50 DMA)

Support: 0.63500-0.63000** (Contract lows)

British Pound

Technicals (December)

The British Pound flipped to a Neutral Trend on November 3rd and must close over 1.2325 or below 1.2114 to trigger the next direction. 

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 1.2454***(200 DMA) ,1.2680**, 1.3000***  

Pivot: 1.2250

Support: 1.2114**, 1.2050-1.2000*** (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 0.73530 would take the market back to a Neutral Trend. 

The 50 DMA is 0.73360 and will act as a new resistance point. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 0.73530**, 0.74500**, 0.76000***

Pivot: 0.73360

Support: 0.72250-0.72000** (Contract lows)

Euro Currency

Technicals (December)

The Euro Currency flipped to a Neutral Trend on November 3rd and must close over 1.07225 or below 1.05680 to trigger the next direction. 

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 1.07225**, 1.08590**, 1.09340**, 1.11000***

Pivot: 1.06580 (50 DMA)

Support: 1.05680**-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 0.679818 to Neutralize the existing Bearish trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 0.700560**, 0.725000***

Pivot: 0.679818

Support: 0.660000**

Swiss Franc

Technicals (December)

The Swiss Franc triggered a Neutral Trend on November 1 and must close above 1.12180 or below 1.10610 to trigger a trend change. 

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 1.12180**, 1.13240**, 1.14940**, 1.15000***

Pivot: 1.11770

Support: 1.10620*, 1.10000***

U.S. Dollar

Technicals (December)

The U.S. Dollar flipped to a Neutral Trend on November 3, where only a close above 106.53 or below 105.12 would determine the next trend.

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 106.53** 107.00-107.50***

Pivot: 105.54 (50 DMA)

Support: 105.12**, 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

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.

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