Currency Market Summary for Week Ending Friday September 4th

The December Dollar closed lower on Friday but remains above the 20 day moving average crossing at 96.29. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off August's low, the reaction high crossing at 97.40 is the next upside target. First resistance is the reaction high crossing at 97.04. Second resistance is August's high crossing at 98.74. First support is August's low crossing at 92.85. Second support is the 75% retracement level of the 2014-2015 rally crossing at 92.36.

Sign up for this weeks "500k Proof and Plan Webinar"

The December Euro closed higher due to short covering on Friday but remains below the 20 day moving average crossing at 112.26. The mid range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If December extends this week's decline, the reaction low crossing at 110.39 is the next downside target. First resistance is August's high crossing at 117.30. Second resistance is the 38% retracement level of the 2014-2015 decline crossing at 118.34. First support is the reaction low crossing at 110.39. Second support is August's low crossing at 108.73.

The December British Pound closed lower on Friday as it extended its decline off August's high. The low range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the aforementioned decline, the 62% retracement level of the April-June-rally crossing at 1.5110 is the next downside target. Closes above the 20 day moving average crossing at 1.5516 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at 1.5406. Second resistance is the 20 day moving average crossing at 1.5516. First support is today's low crossing at 1.5159. Second support is the 62% retracement level of the April-June rally crossing at 1.5110.

The December Swiss Franc posted an inside day with a higher close on Friday as it consolidates some of the decline off August's high. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off August's high, the reaction low crossing at 1.0248 is the next downside target. Closes above the 10 day moving average crossing at 1.0460 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at 1.0460. Second resistance is August's high crossing at 1.0842. First support is the reaction low crossing at 1.0248. Second support is August's low crossing at 1.0147.

The December Canadian Dollar closed lower on Friday. The low range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near term. If December resumes the decline off May's high, weekly support crossing at 73.92 is the next downside target. Closes above the reaction high crossing at 77.10 are needed to confirm that a low has been posted. First resistance is the reaction high crossing at 77.10. Second resistance is the reaction high crossing at 77.68. First support is August's low crossing at 74.87. Second support is weekly support crossing at 73.92.

The December Japanese Yen closed higher on Friday as it extends this week's rally. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near term. If December renews the rally off August's low, August's high crossing at .8603 is the next upside target. Closes below the 20 day moving average crossing at .8212 are needed to confirm that a short term top has been posted. First resistance is August's high crossing at .8603. Second resistance is January's high crossing at .8653. First support is the 10 day moving average crossing at .8349. Second support is the 20 day moving average crossing at .8212.

Get out latest FREE eBooK "Understanding Options"....Just Click Here

This Weeks Currency and Forex Market Summary - Dollar, Euro, Yen, Pound and more!

The September Dollar closed higher on Friday as it consolidated some of the decline off last Friday's high. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If September renews the decline off August's high, the reaction low crossing at 95.55 is the next downside target. Closes above the 20 day moving average crossing at 97.33 would confirm that a low has been posted. First resistance is last Friday's high crossing at 98.42. Second resistance is the reaction high crossing at 99.16. First support is Wednesday's low crossing at 95.94. Second support is the reaction low crossing at 95.55.

Get out latest FREE eBooK "Understanding Options"....Just Click Here

The September Euro closed lower on Friday as it consolidated some of the rally off July's low. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term. If September extends the rally off July's low, the reaction high crossing at 112.92 is the next upside target. Closes below the 20 day moving average crossing at 109.95 would temper the near term friendly outlook. First resistance is the reaction high crossing at 112.26. Second resistance is the reaction high crossing at 112.92. First support is August's low crossing at 108.52. Second support is July's low crossing at 108.28.

The September British Pound closed higher on Friday while extending the July-August trading range. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term. Closes above the reaction high crossing at 1.5669 are needed to renew the rally off July's low. If September resumes the decline off June's high, July's low crossing at 1.5323 is the next downside target. First resistance is the reaction high crossing at 1.5669. Second resistance is June's high crossing at 1.5924. First support is last Friday's low crossing at 1.5419. Second support is July's low crossing at 1.5323.

The September Swiss Franc closed steady on Friday. The mid range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20 day moving average crossing at 1.0309 are needed to confirm that a short term low has been posted. If September renews the decline off June's high, March's low crossing at 0.9966 is the next downside target. First resistance is the 20 day moving average crossing at 1.0309. Second resistance is the reaction high crossing at 1.0488. First support is Tuesday's low crossing at 1.0108. Second support is March's low crossing at 0.9966.

The September Canadian Dollar closed lower on Friday. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near term. If September extends this month's rally, the reaction high crossing at 77.73 is the next upside target. If September resumes the decline off May's high, weekly support crossing at 73.92 is the next downside target. First resistance is the reaction high crossing at 77.73. Second resistance is the reaction high crossing at 78.96. First support is last Wednesday's low crossing at 75.66. Second support is weekly support crossing at 73.92.

The September Japanese Yen closed higher on Friday. The mid range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above the 20 day moving average crossing at .8056 are needed to confirm that a short term low has been posted. If September resumes the decline off July's high, June's low crossing at .7956 is the next downside target. First resistance is the 20 day moving average crossing at .8056. Second resistance is the reaction high crossing at .8134. First support is Wednesday's low crossing at .7984. Second support is June's low crossing at .7956.

Trading U.S. Dollar ETF UUP? Get our free Trend Analysis....Just Click Here

This Weeks Currency and Forex Market Summary

The September U.S. Dollar closed higher on Friday as it extends this week's rally. The mid range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term. Multiple closes above the 20 day moving average crossing at 95.47 are needed to confirm that a low has been posted. If September resumes the decline off May's high, the 50% retracement level of the September-March rally crossing at 93.06 is the next downside target. First resistance is the 20 day moving average crossing at 95.47. Second resistance is the reaction high crossing at 97.34. First support is last Thursday's low crossing at 93.30. Second support is the 50% retracement level of the September-March rally crossing at 93.06.

Make sure you watch "What's Inside the "Big Trade".....Watch Here

The September Euro closed lower on Friday as it extended this week's decline below the 20 day moving average crossing at 112.52. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If September extends this week's decline, the reaction low crossing at 110.64 is the next downside target. If September renews the rally off May's low, May's high crossing at 114.85 is the next upside target. First resistance is May's high crossing at 114.85. Second resistance is the February's high crossing at 115.60. First support is the reaction low crossing at 110.64. Second support is May's low crossing at 108.37.

The September Swiss Franc closed higher due to short covering on Friday as it consolidates some of this week's decline but remains below the 20 day moving average crossing at 1.0774. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower possible near term. If September extends this week's decline, May's low crossing at 1.0526 is the next downside target. If September renews the rally off May's low, May's high crossing at 1.1042 is the next upside target. First resistance is last Thursday's high crossing at 1.0964. Second resistance is May's high crossing at 1.1042. First support is May's low crossing at 1.0526. Second support is the reaction low crossing at 1.0373.

The September Canadian Dollar closed unchanged on Friday. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If September extends this week's decline, June's low crossing at 79.46 is the next downside target. If September resumes this month's rally, May's high crossing at 83.75 is the next upside target. First resistance is last Thursday's high crossing at 82.35. Second resistance is May's high crossing at 83.75. First support is Wednesday's low crossing at 80.39. Second support is June's low crossing at 79.46.

The September Japanese Yen closed lower on Friday. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If September extends this month's rally, the reaction high crossing at .8300 is the next upside target. If September renews this year's decline, monthly support crossing at .7415 is the next downside target. First resistance is last Thursday's high crossing at .8180. Second resistance is the reaction high crossing at .8300. First support is June's low crossing at .7956. Second support is monthly support crossing at .7415.

Get out latest FREE eBooK "Understanding Options"....Just Click Here

Mid Week Currency and Forex Market Summary - Dollar, Franc, Yen, Pound, Euro

The March Dollar closed lower on Wednesday as it extends the trading range of the past four weeks. The low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near term. Closes below the reaction low crossing at 93.38 are needed to confirm that a short term top has been posted and would open the door for additional weakness near term. If March renews the rally off October's low, weekly resistance crossing at 96.16 is the next upside target. First resistance is January's high crossing at 95.85. Second resistance is weekly resistance crossing at 96.16. First support is the reaction low crossing at 93.38. Second support is the reaction low crossing at 91.49.

Watch a Replay of this Weeks Free Trading Webinar....Just Click Here

The March Euro closed slightly higher on Wednesday as it extends the trading range of the past four weeks. The mid-range close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If March renews this winter's decline, monthly support crossing at 107.59 is the next downside target. Closes above the reaction high crossing at 115.39 are needed to confirm that a short term low has been posted. First resistance is the reaction high crossing at 115.39. Second resistance is the reaction high crossing at 118.78. First support is January's low crossing at 111.02. Second support is weekly support crossing at 107.59.

The March British Pound closed higher on Wednesday as it extends the rally off January's low. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If March extends this month's rally, the 38% retracement level of the June-January decline crossing at 1.5775 is the next upside target. Closes below the 20 day moving average crossing at 1.5288 would temper the near term friendly outlook. First resistance is today's high crossing at 1.5537. Second resistance is the 38% retracement level of the June-January decline crossing at 1.5775. First support is the 10 day moving average crossing at 1.5407. Second support is the 20 day moving average crossing at 1.5288.

The March Swiss Franc closed slightly higher on Wednesday. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If March extends the decline off January's high, the 75% retracement level of January's rally crossing at 1.0399 is the next downside target. Closes above the 20 day moving average crossing at 1.0752 would confirm that a low has been posted. First resistance is the 10 day moving average crossing at 1.0636. Second resistance is the 20 day moving average crossing at 1.0752. First support is last Friday's low crossing at 1.0497. Second support is the 75% retracement level of January's rally crossing at 1.0399.

The March Canadian Dollar closed higher on Wednesday while extending this month's trading range. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near term. If March renews this month's rally, the 25% retracement level of the 2013-2015 decline crossing at 82.65 is the next upside target. If March resumes this winter's decline, monthly support crossing at 76.53 is the next downside target. First resistance is last Tuesday's high crossing at 80.87. Second resistance is the 25% retracement level of the 2013-2015 decline crossing at 82.65. First support is January's low crossing at 78.08. Second support is monthly support crossing at 76.53.

The March Japanese Yen closed slightly higher on Wednesday as it extends a three month old trading range. The mid range close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher pirces are possible near term. Closes above the 20 day moving average crossing at .8438 would temper the near term bearish outlook. If March renews the decline off January's high, the reaction low crossing at .8282 is the next downside target. First resistance is the 20 day moving average crossing at .8442. Second resistance is December's high crossing at .8663. First support is the reaction low crossing at .8282. Second support is December's low crossing at .8219.

Get out latest FREE eBooK "Understanding Options"....Just Click Here

Free Video Series: Enjoy all of John Carters Options Videos.....Before it's to Late

In 2014 our trading partner John Carter of Simpler Options changed the way traders look at trading options with his free and easy to understand videos and webinars that taught all of us how to put his methods to work.

In February John is preparing to do it all again by bringing us a new series and most likely all of his current videos will be taken offline. So we want to make sure you get to watch them all while you can.

Just click on the titles to access videos......

    My Favorite ways to Trade Options on ETF’s

    What the Market Makers Don’t Want You to Know

    High Frequency Trading….the effect the Rise of the Machines has on ...

    What's Behind the BIG Trade, How to Grow a Small Account into a Big...

Make sure to also get John's free eBook "Understanding Options" > Just Click Here

See you in the markets!

The Forex Market Club

New Video: 6 Simple Criteria that Guarantee Trading Success

Imagine building your own Black Box that will automatically spit out a short list of stocks and ETFs on the verge of explosive growth. Well now you can, because the Axiom Black Box secret to 90% winners is out!

Inside the Axiom Black Box of 90% Winners [video]

The six search criteria revealed in this video have remained a closely guarded secret for more than a decade…..which is why it’s called the Axiom Black Box.

And during that time, in live trading, the Axiom Black Box has…...

• Led to 9 out of 10 winning trades
• Produced 12 years of triple digit returns averaging 247.82% year
• NEVER earned less than 140%, after commissions, despite two major market melt downs

If earning stellar profits year after year is something you’re even the least bit interested in doing, click here now:

Inside the Axiom Black Box of 90% Winners [video]

This brief video is your blueprint for life changing success.  So please, take notes.

See you in the markets,

Ray @ the Forex Market Club

P.S.  As an added bonus, you’ll also receive a free ebook that reveals a little known price quirk that’s inherent to certain options and it can pay you instant profits of $1,000 or more.  

Click here for the automatic moneymaker sure to boost your bottom line

Extreme Currency Market Summary for Week Ending January 2nd

The March U.S. Dollar gapped up and closed higher on Friday as it extends last year's rally. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off October's low, weekly resistance crossing at 92.53 is the next upside target. Closes below the 20-day moving average crossing at 89.60 would confirm that a short term top has been posted. First resistance is today's high crossing at 91.43. Second resistance is weekly resistance crossing at 92.53. First support is the 20 day moving average crossing at 89.60. Second support is December's low crossing at 87.83.

Get our latest FREE eBooK "Understanding Options"....Just Click Here

The March Euro closed sharply lower on Friday as it extends last year's decline. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If March extends last year's decline, monthly support crossing at 118.74 is the next downside target. Closes above the 20 day moving average crossing at 122.87 would confirm that a short term low has been posted. First resistance is the 20 day moving average crossing at 122.87. Second resistance is December's high crossing at 125.79. First support is today's low crossing at 120.09. Second support is weekly support crossing at 118.74.

The March British Pound closed sharply lower on Friday marking a downside breakout of the November-December trading range. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish with today's decline signaling that sideways to lower prices are possible near-term. If March extends the decline off July's high, monthly support crossing at 1.4806 is the next downside target. Closes above the 20 day moving average crossing at 1.5597 are needed to confirm that a low has been posted. First resistance is the 20 day moving average crossing at 1.5597. Second resistance is the reaction high crossing at 1.5776. First support is today's low crossing at 1.5318. Second support is monthly support crossing at 1.4806.

The March Swiss Franc closed lower on Friday as it extends last year's decline. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near term. If March extends last year's decline, monthly support crossing at 0.9824 is the next downside target. Closes above the 20-day moving average crossing at 1.0226 are needed to confirm that a low has been posted. First resistance is the 10 day moving average crossing at 1.0132. Second resistance is the 20 day moving average crossing at 1.0226. First support is today's low crossing at 0.9998. Second support is monthly support crossing at 0.9824.

The March Canadian Dollar closed sharply lower on Friday marking a downside breakout of December's trading range. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI turned neutral to bearish with today's decline signaling that sideways to lower prices are possible near term. If March extends last year's decline, monthly support crossing at 83.89 is the next downside target. Closes above the 20 day moving average crossing at 86.41 are needed to confirm that a low has been posted. First resistance is the 20 day moving average crossing at 86.41. Second resistance is November's high crossing at 89.12. First support is today's low crossing at 84.86. Second support is monthly support crossing at 83.89.

The March Japanese Yen closed lower on Friday. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If March renews the decline off December's high, December's low crossing at .8219 is the next downside target. Closes above Tuesday's high crossing at .8419 are needed to confirm that a low has been posted. First resistance is December's high crossing at .8663. Second resistance is the 25% retracement level of the 2013-2014 decline crossing at .8773. First support is December's low crossing at .8219. Second support is weekly support crossing at .8171.

You Won't See This Ever Again....Finally, It's Being Unveiled

...EURJPY +57 pips
...AUDJPY +70 pips
...GBPUSD +202 pips
...Dow e-Mini +45 points
...Russell e-Mini +5.20 points
...Crude Oil +59 ticks
...Dax Futures +29.5 points
...Heating Oil +151 ticks

This was just a sample of a recent trading day with the NetPicks TrendJumper trading system.

Franklin Veras, an individual trader says..."NetPicks has consistently been the gold standard in providing trading education. From systems to signals, Forex, Futures, Stocks, Options & ETFs in day trading and swing trading – NetPicks concentrates on helping regular traders achieve success in the markets."

What if you could learn exactly what Franklin and over 1,000 other traders worldwide have found with the NetPicks Trend Jumper trading system? This includes most markets averaging 85% or higher in weekly profitability and some even 90%+ in daily profitability. With consistency like that it's hard to go wrong.

For the FINAL TIME, the Trend Jumper is being unveiled and demonstrated in a series of live webinars. You simply choose the date and time that works best for you. Don't miss this last chance at such a proven trading system.

Each webinar though is limited in space. Right now they are 47% full so there's still time but word is getting out so I highly suggest you reserve your spot now.....

Just click the link below for the time and day that works best for you.

Wednesday, November 12th @ 12pm EST/9am PST/5pm GMT

Wednesday, November 12th @ 6pm EST/3pm PST/11pm GMT

Thursday, November 13th @ 9am EST/6am PST/2pm GMT

Thursday, November 13th @ 3pm EST/12pm PST/8pm GMT

In addition, NetPicks has promised that every individual in attendance will receive an Active Traders Kit valued at $497 just for attending. I hear it includes a trading system, advanced trade tracking software and valuable trading education well beyond it's value.

See you in the markets,
Ray @ the Forex Market Club

P.S. Just like Franklin experienced above, Anthony Smith says "Thanks for Trend Jumper. It's ahead of its time. I'm always amazed at the accuracy of the trades and targets. It eliminates 95% of the emotional decision making process." Get yourself registered for the webinars to start experiencing this type of success.

Get out latest FREE eBooK "Understanding Options"....Just Click Here

Currency Market Summary for Monday October 13th

The December Dollar closed lower on Monday. The low range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 85.43 would confirm that a short term top has been posted. If December renews the rally off May's low, weekly resistance crossing at 87.00 is the next upside target. First resistance is October's high crossing at 86.87. Second resistance is weekly resistance crossing at 87.00. First support is the 20 day moving average crossing at 85.43. Second support is the reaction low crossing at 84.00.

We made the arrangements for a FREE MarketClub Trial…..It’s been paid for!

The December Euro closed higher on Monday. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If December extends this summer's decline, monthly support crossing at 124.56 is the next downside target. Closes above the 20 day moving average crossing at 127.40 are needed to confirm that a low has been posted. First resistance is the 20 day moving average crossing at 127.40. Second resistance is the reaction high crossing at 130.06. First support is October's low crossing at 125.06. Second support is weekly support crossing at 124.56.

The December British Pound closed higher on Monday. The low range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If December resumes the decline off July's high, the 62% retracement level of the 2013-2014 rally crossing at 1.5732 is the next downside target. First resistance is the 20 day moving average crossing at 1.6200. Second resistance is the reaction high crossing at 1.6515. First support is October's low crossing at 1.5941. Second support is the 62% retracement level of the 2013-2014 rally crossing at 1.5732.

The December Swiss Franc closed higher on Monday. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near term. Closes above the 20 day moving average crossing at 1.0541 would confirm that a low has been posted. If December extends the decline off July's high, monthly support crossing at 1.0166 is the next downside target. First resistance is the 20 day moving average crossing at 1.0541. Second resistance is the reaction high crossing at 1.0761. First support is October's low crossing at 1.0333. Second support is monthly support crossing at 1.0166.

The December Canadian Dollar closed higher on Monday. The mid-range close sets the stage for a steady opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off July's high, the March low crossing at 88.31 is the next downside target. Closes above the 20 day moving average crossing at 89.83 would confirm that a short term low has been posted. First resistance is the 20 day moving average crossing at 89.93. Second resistance is the reaction high crossing at 91.67. First support is October's low crossing at 88.57. Second support is March's low crossing at 88.31.

The December Japanese Yen gapped up and closed higher on Monday as it extended this month's rally. The high range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remains neutral to bullish signaling that sideways to higher prices are possible near term. If December extends this month's rally, the 38% retracement level of this year's decline crossing at .9415 is the next upside target. Closes below the 20 day moving average crossing at .9213 would confirm that a short term low has been posted. First resistance is today's high crossing at .9344. Second resistance is the 38% retracement level of this year's decline crossing at .9415. First support is October's low crossing at .9088. Second support is weekly support crossing at .9013.

Get out latest FREE eBooK "Understanding Options"....Just Click Here

Did You Miss Tuesdays Free "Options Trading Made Easy" Webinar?........Don't Worry

Due to an even higher then usual demand for this weeks free webinar we have added a second webinar this Thursday evening. Our trading partner John Carter is now going to make this even easier to understand with another one of his wildly popular free webinars, “How to Beat the Market Makers using Weekly Options”, this Thursday September 11th at 8 p.m. EST .

Do you know, and trade, the ONE vehicle that forces the market makers into losing positions and you into BIG WINNING POSITIONS? You will after this free webinar.

Just Click Here to get your Reserved Space

When: Thursday 9-11 @ 8PM New York time
 Where: ONLINE
 Who: John Carter lead trader/teacher SimplerOptions
 Cost: NOTHING

In this free webinar workshop John shares:

- How to determine the safe levels to take weekly options trades

- The best way to protect yourself and minimize risk while increasing the probability of maximum reward

- How to choose the right stocks for weekly options and which stocks you want to avoid like the plague

- A simple and powerful strategy that you can use whether you’re a beginner or advanced options trader

- How to consistently trade this current market using weekly options

- And much more…

This is a VERY special webinar/workshop where you'll see hands ON the power of weekly options, and the EASE of use they provide to any trader!

Please join John on Thursday....... Just Click Here 

See you on Thursday evening!
Forex Market Club

Make sure to get our free eBook "Understanding Options"....Just Click Here!

Mid Week Currency Market Summary for Wednesday Sept 10th

The December Dollar posted an inside day with a lower close on Wednesday as it consolidates some of this summer's rally. The mid-range close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off May's low, weekly resistance crossing at 84.96 is the next upside target. Closes below the 20 day moving average crossing at 82.83 would confirm that a short term top has been posted. First resistance is Tuesday's high crossing at 84.65. Second resistance is weekly resistance crossing at 84.96. First support is the 10 day moving average crossing at 83.52. Second support is the 20 day moving average crossing at 82.83.

The December Euro closed slightly lower on Wednesday. The mid range close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends this summer's decline, the July 2013 low crossing at 128.50 is the next downside target. Closes above the 20 day moving average crossing at 131.78 are needed to confirm that a low has been posted. First resistance is the 10 day moving average crossing at 130.52. Second resistance is the 20 day moving average crossing at 131.78. First support is Tuesday's low crossing at 128.71. Second support is the July 2013 low crossing at 128.50.

How to Determine the Safe Levels to Take Weekly Options Trades

The December British Pound closed sharply higher on Wednesday as it consolidated some of the decline off July's high. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off July's high, the 50% retracement level of the 2013-2014 rally crossing at 1.6007 is the next downside target. Closes above Monday's gap crossing at 1.6273 would confirm that a low has been posted. First resistance is Monday's gap crossing at 1.6273. Second resistance is the 10 day moving average crossing at 1.6359. First support is today's low crossing at 1.6039. Second support is the 50% retracement level of the 2013-2014 rally crossing at 1.6007.

The December Swiss Franc closed lower on Wednesday as it extends the decline off March's high. The low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off July's high, the 87% retracement level of the 2013-2014 rally crossing at 1.0518 is the next downside target. Closes above the 20-day moving average crossing at 1.0907 would confirm that a low has been posted. First resistance is the 10 day moving average crossing at 1.0818. Second resistance is the 20 day moving average crossing at 1.0907. First support is the 75% retracement level of the 2013-2014 rally crossing at 1.0653. Second support is the 87% retracement level of the 2013-2014 rally crossing at 1.0518.

The December Canadian Dollar closed higher due to short covering on Wednesday. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near term. Closes below the reaction low crossing at 90.70 would confirm that a top has been posted while opening the door for additional weakness near term. Closes above the 10 day moving average crossing at 91.49 would temper the near term bearish outlook. First resistance is the 10 day moving average crossing at 91.49. Second resistance is the reaction high crossing at 92.26. First support is the 62% retracement level of the March-July rally crossing at 90.40. Second support is the 75% retracement level of the March-July rally crossing at 89.67.

The December Japanese Yen closed lower on Wednesday as it extends this summer's decline. Today's low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off June's high, weekly support crossing at .9013 is the next downside target. Closes above the 20 day moving average crossing at .9610 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at .9524. Second resistance is the 20 day moving average crossing at .9610. First support is today's low crossing at .9365. Second support is weekly support crossing at .9013.

This weeks free webinar, Trading Weekly Options in any Size Account.....Just Click Here to get Your Reserved Seat

Currency Market Summary for week ending Sept. 5th

The December Dollar closed lower due to profit taking on Friday as it consolidated some of the rally off May's low. The mid range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off May's low, weekly resistance crossing at 84.96 is the next upside target. Closes below the 20 day moving average crossing at 82.41 would confirm that a short term top has been posted. First resistance is today's high crossing at 84.08. Second resistance is weekly resistance crossing at 84.96. First support is the 10-day moving average crossing at 82.99. Second support is the 20 day moving average crossing at 82.41.

What Market Makers Don't Want YOU to Know (Free video)

The December Euro closed higher due to short covering on Friday as it consolidated some of Thursday's decline. The mid range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends this summer's decline, the July 2013 low crossing at 128.50 is the next downside target. Closes above the 20 day moving average crossing at 132.48 are needed to confirm that a low has been posted. First resistance is the 10 day moving average crossing at 131.37. Second resistance is the 20 day moving average crossing at 132.48. First support is Thursday's low crossing at 129.32. Second support is the July 2013 low crossing at 128.50.

The December British Pound closed lower on Friday as it extends the decline off July's high. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off July's high, the 50% retracement level of the 2013-2014 rally crossing at 1.6007 is the next downside target. Closes above the 20 day moving average crossing at 1.6583 would confirm that a low has been posted. First resistance is the 10 day moving average crossing at 1.6486. Second resistance is the 20 day moving average crossing at 1.6583. First support is today's low crossing at 1.6273. Second support is the 50% retracement level of the 2013-2014 rally crossing at 1.6007.

The December Swiss Franc closed higher due to short covering on Friday as it consolidated some of the decline off March's high. The mid range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off July's high, the 75% retracement level of the 2013-2014 rally crossing at 1.0653 is the next downside target. Closes above the 20 day moving average crossing at 1.0958 would confirm that a low has been posted. First resistance is the 10 day moving average crossing at 1.0887. Second resistance is the 20 day moving average crossing at 1.0958. First support is today's low crossing at 1.0724. Second support is the 75% retracement level of the 2013-2014 rally crossing at 1.0653.

The December Canadian Dollar closed slightly lower on Friday. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near term. Closes below last Tuesday's low crossing at 90.70 would confirm that a top has been posted. If December renews the rally off last Tuesday's low, the reaction high crossing at 93.04 is the next upside target. First resistance is last Friday's high crossing at 92.26. Second resistance is the reaction high crossing at 93.04. First support is last Tuesday's low crossing at 90.70. Second support is the 62% retracement level of the March-July rally crossing at 89.67.

The December Japanese Yen closed higher due to short covering on Friday after spiking below weekly support crossing at .9486. Today's mid range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off June's high, weekly support crossing at .9013 is the next downside target. Closes above the 20 day moving average crossing at .9668 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at .9587. Second resistance is the 20 day moving average crossing at .9668. First support is today's low crossing at .9469. Second support is weekly support crossing at .9013.

Get our latest free eBook "Understanding Options"....Just Click Here

Mid Week Currency Market Summary for Wednesday September 3rd

The December Dollar closed lower due to profit taking on Wednesday as it consolidates some of the rally off May's low. The low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off May's low, weekly resistance crossing at 83.66 is the next upside target. Closes below the 20-day moving average crossing at 82.19 would confirm that a short term top has been posted. First resistance is today's high crossing at 83.19. Second resistance is weekly resistance crossing at 83.66. First support is the 10 day moving average crossing at 82.68. Second support is the 20 day moving average crossing at 82.19.

The December Euro closed higher due to short covering on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends this summer's decline, the 87% retracement level of the 2013-2014 rally crossing at 129.96 is the next downside target. Closes above the 20 day moving average crossing at 132.90 are needed to confirm that a low has been posted. First resistance is the 10 day moving average crossing at 132.02. Second resistance is the 20 day moving average crossing at 132.90. First support is Tuesday's low crossing at 131.19. Second support is the 87% retracement level of the 2013-2014 rally crossing at 129.96.

The December British Pound closed lower on Wednesday confirming yesterday's key reversal down. The low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off July's high, the 38% retracement level of the 2013-2014 rally crossing at 1.6281 is the next downside target. Closes above the 20 day moving average crossing at 1.6633 would confirm that a low has been posted. First resistance is Tuesday's high crossing at 1.6629. Second resistance is the 20 day moving average crossing at 1.6633. First support is Wednesday's low crossing at 1.6426. Second support is the 38% retracement level of the 2013-2014 rally crossing at 1.6281.

The December Swiss Franc closed higher due to short covering on Wednesday. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term. If December extends the decline off July's high, the 62% retracement level of the 2013-2014 rally crossing at 1.0802 is the next downside target. Closes above the 20 day moving average crossing at 1.0986 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 1.0986. Second resistance is the reaction high crossing at 1.1090. First support is Tuesday's low crossing at 1.0869. Second support is the 62% retracement level of the 2013-2014 rally crossing at 1.0802.

The December Canadian Dollar closed higher due to short covering on Wednesday. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last Tuesday's low crossing at 90.70 would confirm that a top has been posted. If December renews the rally off last Tuesday's low, the reaction high crossing at 93.04 is the next upside target. First resistance is last Friday's high crossing at 92.26. Second resistance is the reaction high crossing at 93.04. First support is last Tuesday'slow crossing at 90.70. Second support is the 62% retracement level of the March-July rally crossing at 89.67.

The December Japanese Yen closed higher due to short covering on Wednesday as it consolidates some of the decline off July's high. Today's high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off June's high, weekly support crossing at .9486 is the next downside target. Closes above the 20 day moving average crossing at .9697 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at .9731. Second resistance is the 20 day moving average crossing at .9697. First support is Tuesday's low crossing at .9500. Second support is weekly support crossing at .9486. 

Make sure you get our new FREE options trading eBook "Understanding Options"

Week Ending Currency Market Summary for Thursday July 3rd

The September Euro currency closed down 46 points at 1.3612 today. Prices closed nearer the session low and closed at a bearish weekly low close today. The Euro bulls and bears are on a level overall near term technical playing field but the bulls are fading.

The September Japanese Yen closed down 37 points at .9789 today. Prices closed nearer the session low today, hit a two week low and closed at a bearish weekly low close. The bulls have lost their slight near term technical advantage. A four week old uptrend on the daily bar chart was negated today.

The September Swiss Franc closed down 53 points at 1.1200 today. Prices closed near mid range, hit a two week low and closed at a bearish weekly low close today. The bulls have lost their near term technical advantage. A four week old uptrend on the daily bar chart was negated today.

The September Canadian Dollar closed up 33 points at .9389 today. Prices closed nearer the session high and scored a bullish outside day up on the daily bar chart. Prices also hit another seven month high and closed at a bullish weekly high close today. The bulls have the solid near term technical advantage. A three month old uptrend is in place on the daily bar chart.

The September British Pound closed down 11 points at 1.7142 today. Prices closed nearer the session high. The bulls have the solid overall near term technical advantage.

The September U.S. Dollar index closed up 0.270 at 80.255 today. Prices closed near mid range on short covering in a bear market. Prices did close at a bullish weekly high close today. The greenback bears still have the near term technical advantage.

Low VIX and What It Means to Your Trading....Our Next Free Webinar

Mid Week Currency Market Summary for Wednedsay June 11th

The September Euro currency closed down 15 points at 1.3530 today. Prices closed nearer the session low and closed at another fresh four month low close today. Bears have the solid near term technical advantage and have gained more power this week.

The September Japanese yen closed up 33 points at .9808 today. Prices closed nearer the session high. The bears have the slight near term technical advantage.

The September Swiss franc closed down 9 points at 1.1120 today. Prices closed near mid range and closed at another four month low close today. The bears have the overall near term technical advantage.

The September Canadian Dollar closed up 35 points at .9180 today. Prices closed nearer the session high. The bulls today gained the slight near term technical advantage.

The September British Pound closed up 37 points at 1.6779 today. Prices closed nearer the session high today. The bulls have the slight overall near term technical advantage. Prices are in a five week old downtrend on the daily bar chart, however.

The September U.S. dollar index closed down 0.040 at 80.900 today. Prices closed near mid range today. The greenback bulls have the near term technical advantage. Prices are in a four week old uptrend on the daily bar chart.

e Mini 2.0 Success Formula.....Trade the Most Active Market in the World

Encore Presentation....."The Insiders Guide to Growing a Small Trading Account into a Big Account"

Thanks for all the positive feedback on John Carters webinar “The Insider’s Guide to Growing a Small Trading Account into a Big Account”. Many of you have requested an encore presentation. So we are happy to say that we’ll be hosting a "live" encore webinar on this Tuesday June 3rd

You can attend at either 1:00 pm or 8:00 pm New York time. Both webinars will be live encore presentations.

Just Click Here to Register

One of the reasons we are doing this is that it turns out that a lot of traders were shut out of last week’s webinar because we were over capacity. We apologize to all that were and hope you get a seat for this week. Make sure you log on 10 minutes early to claim your seat.

So join us for a live encore presentation on Tuesday.

Click Here to Choose the 1 p.m. Webinar

Click Here to Choose the 8 p.m. Webinar

See you on Tuesday!
The Forex Market Club


Get ready for this weeks webinar by watching John's video primer "The Big Trade"

Currency Market Summary for Monday Morning June 2nd

The June U.S. Dollar was higher overnight. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short term top might be in or is near. Closes below the 20 day moving average crossing at 80.06 are needed to confirm that a short term top has been posted. If June extends the rally off May's low, April's high crossing at 80.77 is the next upside target. First resistance is the overnight high crossing at 80.63. Second resistance is April's high crossing at 80.77. First support is the 20 day moving average crossing at 80.06. Second support is the reaction low crossing at 79.93.

Beginner's Guide to Trading Options

The June Euro was lower overnight. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a short term low might be in or is near. Closes above the 20 day moving average crossing at 137.16 are needed to confirm that a low has been posted. If June extends the decline off May's high, the 38% retracement level of the 2013-2014 rally crossing at 135.45 is the next downside target. First resistance is the 10 day moving average crossing at 136.43. Second resistance is the 20 day moving average crossing at 137.16. First support is last Wednesday's low crossing at 136.08. Second support is the 38% retracement level of the 2013-2014 rally crossing at 135.45.

The June British Pound was lower overnight. Stochastics and the RSI are turning neutral to bullish hinting that a short term low might be in or is near. Closes above the 20 day moving average crossing at 1.6830 would confirm that a short term low has been posted. If June extends the decline off May's high, the reaction low crossing at 1.6640 is the next downside target. First resistance is the 20 day moving average crossing at 1.6830. Second resistance is the reaction high crossing at 1.6919. First support is the reaction low crossing at 1.6640. Second support is the reaction low crossing at 1.6545.

The June Swiss Franc was lower overnight and is poised to extend the decline off May's high. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a short term low might be in or is near. Closes above the 20 day moving average crossing at 1.1240 are needed to confirm that a low has been posted. If June extends the aforementioned decline, the 75% retracement level of the January-March rally crossing at 1.1160 is the next downside target. First resistance is the 10 day moving average crossing at 1.1170. Second resistance is the 20 day moving average crossing at 1.1240. First support is last Wednesday's low crossing at 1.1124. Second support is the 75% retracement level of the January-March rally crossing at 1.1086.

The June Canadian Dollar was slightly lower overnight. Stochastics and the RSI are neutral signaling that sideways to higher prices are possible near term. If June renews the rally off March's low, the 38% retracement level of the 2013-2014 decline crossing at 92.96 is the next upside target. Closes below the 20 day moving average crossing at 91.85 are needed to confirm that a short term top has been posted. First resistance is the reaction high crossing at 92.40. Second resistance is the 38% retracement level of the 2013-2014 decline crossing at 92.96. First support is the 20 day moving average crossing at 91.85. Second support is the reaction low crossing at 90.35.

The June Japanese Yen was lower overnight. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near term. From a broad perspective, June needs to close above .9930 or below .9598 to confirm a breakout of a four month old trading range. First resistance is May's high crossing at .9920. Second resistance is February's high crossing at .9930. First support is the reaction low crossing at .9771. Second support is May's low crossing at .9687.

This weeks free video "What's Behind the Free Trade"

Currency/Forex Market Summary for Wednesday April 30th

The June U.S. Dollar posted a key reversal down on Wednesday. The low range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near term. If June renews the decline off April's high, weekly support crossing at 78.91 is the next downside target. Closes above the 20 day moving average crossing at 79.96 are needed to confirm that a double bottom with March's low has been posted. First resistance is the 20 day moving average crossing at 79.93. Second resistance is April's high crossing at 80.77. First support is March's low crossing at 79.37. Second support is weekly support crossing at 78.91.

Forex Channel  Trading Giveaway

The June Euro closed higher on Wednesday while extending the trading range of the past three weeks. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near term. If June renews the rally off April's low, March's high crossing at 139.66 is the next upside target. Closes below the reaction low crossing at 137.82 would confirm that a short term top has been posted. First resistance is the reaction high crossing at 139.03. Second resistance is March's high crossing at 139.66. First support is the reaction low crossing at 137.82. Second support is April's low crossing at 136.69.

Live Signal Service....Free Demo

The June British Pound closed higher on Wednesday as it extends this year's rally. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought , diverging but remain neutral to bullish signaling that sideways to higher prices are possible near term. If June extends the rally off March's low, weekly resistance crossing at 1.7043 is the next upside target. Multiple closes below the 20 day moving average crossing at 1.6744 would confirm that a short term top has been posted. First resistance is today's high crossing at 1.6895. Second resistance is weekly resistance crossing at 1.7043. First support is the 20 day moving average crossing at 1.6744. Second support is the reaction low crossing at 1.6640.

The June Swiss Franc closed higher on Wednesday. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near term. If June renews the rally off April's low, March's high crossing at .11503 is the next upside target. If June renews the decline off April's high, April's low crossing at 1.1175 is the next downside target. First resistance is April's high crossing at .11443. Second resistance is March's high crossing at .11503. First support is last Tuesday's low crossing at .11289. Second support is the 62% retracement level of the January-March rally crossing at .11160.

The June Canadian Dollar closed slightly higher on Wednesday. The high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term. If June extends this week's rally, April's high crossing at 91.95 is the next upside target. If June renews the decline off April's high, the reaction low crossing at 89.45 is the next downside target. First resistance is April's high crossing at 91.95. Second resistance is the 38% retracement level of the 2013-2014 decline crossing at 92.96. First support is last Tuesday's low crossing at 90.43. Second support is April's low crossing at 88.45.

The June Japanese Yen closed higher on Wednesday. Today's high range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near term. If June renews the rally off April's low, February's high crossing at .9930 is the next upside target. If June renews the decline off April's high, April's low crossing at .9598 is the next downside target. First resistance is March's high crossing at .9886. Second resistance is February's high crossing at .9930. First support is Tuesday's low crossing at .9732. Second support is April's low crossing at .9598.

Subscribe to our Free Market Technical Analysis and Commentary

Currency Market Summary for Wednesday April 23rd

The June Euro currency closed up 14 points at 1.3815 today. Prices closed nearer the session low today. The bulls still have the near term technical advantage. There is a stiff layer of chart resistance just above the 1.3900 level. There is also a bullish pennant pattern that has formed on the daily bar chart.

The June Japanese Yen closed up 20 points at .9766 today. Prices closed near mid-range today on short covering. The bears have the overall near term technical advantage.

The June Swiss Franc closed up 26 points at 1.1329 today. Prices closed near mid range. Bulls have the slight near- term technical advantage.

The June Canadian Dollar closed down 4 points at .9052 today. Prices closed nearer the session high and hit a fresh three week low again today. The bulls and bears are on a level near term technical playing field.

The June British Pound closed down 41 points at 1.6774 today. Prices closed nearer the session low and saw profit taking. The bulls still have the solid overall near term technical advantage.

The June U.S. Dollar index closed down 0.065 at 79.930 today. Prices closed nearer the session high today. The greenback bears still have the overall near term technical advantage. However, a bullish double bottom reversal pattern could be forming on the daily bar chart now.


Subscribe to our Free Market Technical Analysis and Commentary

 

Currency Market Summary for Good Friday April 18th

The June U.S. Dollar closed slightly higher due to short covering on Thursday. The high range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near term. Closes above the 20 day moving average crossing at 80.07 would confirm that a double bottom with March's low has been posted. If June renews this month's decline, weekly support crossing at 78.91 is the next downside target. First resistance is the 20 day moving average crossing at 80.07. Second resistance is April's high crossing at 80.77. First support is last Thursday's low crossing at 79.38. Second support is weekly support crossing at 78.91.


Take the Quiz. Find your best match: Market,Timeframe, Trading System 

The June Euro closed slightly lower on Thursday. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that a short term top might be in or is near. Closes below the 20 day moving average crossing at 137.95 would confirm that a short term top has been posted. If June renews last week's rally, March's high crossing at 139.66 is the next upside target. First resistance is last Friday's high crossing at 139.03. Second resistance is March's high crossing at 139.66. First support is the 20 day moving average crossing at 137.95. Second support is April's low crossing at 136.69.

The June British Pound closed slightly lower on Thursday but not before posting a new high for the year. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near term. If June extends the rally off March's low, weekly resistance crossing at 1.7043 is the next upside target. Multiple closes below the 20 day moving average crossing at 1.6650 would confirm that a short term top has been posted. First resistance is today's high crossing at 1.6834. Second resistance is weekly resistance crossing at 1.7043. First support is the 20 day moving average crossing at 1.6650. Second support is the reaction low crossing at 1.6545.

The June Swiss Franc closed lower due to profit taking on Thursday as it consolidates some of the rally off April's low. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are bearish hinting that a short term top might be in or is near. Closes below the 20 day moving average crossing at .11326 are needed to confirm that a short term top has been posted. If June renews the rally off April's low, March's high crossing at .11503 is the next upside target. First resistance is last Friday's high crossing at .11443. Second resistance is March's high crossing at .11503. First support is the 20 day moving average crossing at .11326. Second support is the 62% retracement level of the January-March rally crossing at .11160.

The June Canadian Dollar closed slightly higher on Thursday. The low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 90.55 are needed to confirm that a short term top has been posted. If June renews the rally off March's low, the 38% retracement level of the 2013-2014 decline crossing at 92.96 is the next upside target. First resistance is last Wednesday's high crossing at 91.95. Second resistance is the 38% retracement level of the 2013-2014 decline crossing at 92.96. First support is the 20 day moving average crossing at 90.55. Second support is April's low crossing at 88.45.

The June Japanese Yen closed lower on Thursday. Today's low range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish hinting that a short term top might be in or is near. Closes below the 20 day moving average crossing at .9763 would confirm that a short term top has been posted. If June renews this month's rally, February's high crossing at .9930 is the next upside target. First resistance is March's high crossing at .9886. Second resistance is February's high crossing at .9930. First support is the 20 day moving average crossing at .9763. Second support is this month's low crossing at .9598.

Netpicks really is giving away free “Premier Trader University” trading software. Get the package right now!