Can the Japanese Yen Rally?

Research Posts FX Rundown

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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 0.63675 to shift back to a Neutral Trend. 

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 0.65530**, 0.67630***

Pivot: 0.64030 (50 DMA)

Support: 0.63500-0.63000** (Contract lows)

British Pound

Technicals (December)

British Pound futures flipped to a bullish trend at 1.2503 on November 14th, and it would take a close below 1.2177 to shift back to a neutral trend. 

Bias: Bullish/Neutral

Previous Session Bias: Neutral

Resistance: 1.2452***(200 DMA) ,1.2680**, 1.3000*** 

Pivot: 1.2259

Support: 1.2131**, 1.2050-1.2000*** (Contract lows)

Canadian Dollar

Technicals (December)

Canadian dollar futures flipped to a bearish trend on October 2 at 0.73220. Only a close over 0.73340 would return the market to a neutral trend. 

The 50 DMA is 0.73290 and will act as a new resistance point. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

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

Pivot: 0.73320

Support: 0.72250-0.72000** (Contract lows)

Euro Currency

Technicals (December)

Euro Currency futures flipped to a bullish trend at 1.08965 on November 14th, and it would take a close below 1.06630 to shift back to a neutral trend. 

Bias: Bullish/Neutral

Previous Session Bias: Neutral

Resistance: 1.08960**(200 DMA), 1.09340**, 1.11000***

Pivot: 1.06550 (50 DMA)

Support: 1.05830**-1.04500**

View EUR/USD Chart

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 0.676000 to Neutralize the existing Bearish trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 0.700560**, 0.725000***

Pivot: 0.678465

Support: 0.660000**

Swiss Franc

Technicals (December)

Swiss Franc futures flipped to a bullish trend at 1.12925 on November 14th, and it would take a close below 1.11100 to shift back to a neutral trend.

Bias: Bullish / Neutral

Previous Session Bias: Neutral

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

Pivot: 1.11610

Support: 1.10715*, 1.10000***

U.S. Dollar

Technicals (December)

The U.S. dollar futures flipped to a bearish trend at 103.907 on November 14th, and it would take a close above 1.06190 to shift back to a neutral trend.

Bias: Bearish/Neutral

Previous Session Bias: Neutral

Resistance: 106.425** 107.00-107.50***

Pivot: 105.60 (50 DMA)

Support: 103.02**, 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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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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