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: 1/18/12 Higher closes for the Aussie dollar, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures yesterday while lower for the Japanese yen and U.S. dollar index but little change technically. The dollar still remains in a strong uptrend since the end of October with good support now below 8100. It has looked a little toppy and could have a retracement down the the 8100 area mentioned above. The euro and franc continue to look very weak overall while 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. However, the yen has been working higher since the middle of December. The Canadian dollar has been in a trading range since the middle of October albeit a large one but did make its best high and close in 1 1/2 weeks. Still, where has it gone overall lately which is now putting me on the sidelines! The pound continues to look weak looking like it’s in a possible BEAR PENNANT after settling higher while the Aussie dollar continues to look strong overall making a new recent high and close. 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 AND BRITISH POUND. 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 (1/18)
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: 1/18/12 Higher closes for the Aussie dollar, Swiss Franc, Canadian dollar, British Pound and Euro Fx futures yesterday while lower for the Japanese yen and U.S. dollar index but little change technically. The dollar still remains in a strong uptrend since the end of October with good support now below 8100. It has looked a little toppy and could have a retracement down the the 8100 area mentioned above. The euro and franc continue to look very weak overall while 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. However, the yen has been working higher since the middle of December. The Canadian dollar has been in a trading range since the middle of October albeit a large one but did make its best high and close in 1 1/2 weeks. Still, where has it gone overall lately which is now putting me on the sidelines! The pound continues to look weak looking like it’s in a possible BEAR PENNANT after settling higher while the Aussie dollar continues to look strong overall making a new recent high and close. 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 AND BRITISH POUND. 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.