Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
By: Rick Alexander, senior broker at Zaner Group.
CURRENCIES: 1/13/12 Higher closes yesterday for the Aussie dollar, Japanese Yen, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures while lower for the U.S. dollar index this time. The dollar still could be in a BULL FLAG looking like it will test its highs after today’s lower close remaining in an uptrend since the end of October. There is good support now below 8100. The rest of the currencies settled higher but the euro and franc continue to look very weak overall. The yen continues to trade between 128 and 131 keeping me on the sidelines until I see a breakout in either direction or a different chart pattern that we alter my game plan but did close higher again. The Canadian dollar has been in a trading range since the middle of October albeit a large one settling lower this time but around the middle of the above mentioned trading range. The pound continues to look weak making its worst low since October 6th while the Aussie dollar continues to look strong overall. For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription. BUY SIGNALS FOR THE AUSSIE DOLLAR AND U.S. DOLLAR INDEX FUTURES. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!
Rick Alexander
(312) 277-0107
ralexander@zaner.com
Zaner Group
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
Rick Alexander’s Currency futures commentary (1/13)
Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
By: Rick Alexander, senior broker at Zaner Group.
CURRENCIES: 1/13/12 Higher closes yesterday for the Aussie dollar, Japanese Yen, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures while lower for the U.S. dollar index this time. The dollar still could be in a BULL FLAG looking like it will test its highs after today’s lower close remaining in an uptrend since the end of October. There is good support now below 8100. The rest of the currencies settled higher but the euro and franc continue to look very weak overall. The yen continues to trade between 128 and 131 keeping me on the sidelines until I see a breakout in either direction or a different chart pattern that we alter my game plan but did close higher again. The Canadian dollar has been in a trading range since the middle of October albeit a large one settling lower this time but around the middle of the above mentioned trading range. The pound continues to look weak making its worst low since October 6th while the Aussie dollar continues to look strong overall. For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription. BUY SIGNALS FOR THE AUSSIE DOLLAR AND U.S. DOLLAR INDEX FUTURES. SELL SIGNALS FOR THE EURO FX, SWISS FRANC, BRITISH POUND AND CANADIAN DOLLAR. CALL FOR DETAILS AT (312) 277-0107 OR EMAIL ralexander@zaner.com!
Rick Alexander
(312) 277-0107
ralexander@zaner.com
Zaner Group
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.