Currency Market Summary for Week Ending Friday August 28th

The September Dollar closed higher due to short covering on Friday as it extends the rally off August's low. 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 96.45 are needed to confirm that a low has been posted. If September resumes the decline off August's high, the 62% retracement level of the 2014-2015 rally crossing at 91.04 is the next downside target. First resistance is the 20 day moving average crossing at 95.45. Second resistance is the reaction high crossing at 97.11. First support is Monday's low crossing at 92.52. Second support is the 62% retracement level of the 2014-2015 rally crossing at 91.04.

John Carters "Big Trade Video" is still making news....Just Click Here

The September Euro closed lower on Friday as it extends this week'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 neutral to bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 111.40 are needed to confirm that a short term top has been posted. If September renews the rally off July's low, the 38% retracement level of the 2014-2015 decline crossing at 118.09 is the next upside target. First resistance is Monday's high crossing at 117.18. Second resistance is the 38% retracement level of the 2014-2015 decline crossing at 118.09. First support is the 20 day moving average crossing at 111.40. Second support is the reaction low crossing at 110.20.

The September British Pound closed lower on Friday as it extended its decline off Tuesday's high. 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 September extends this week's decline, July's low crossing at 1.5323 is the next downside target. Closes above the 10 day moving average crossing at 1.5604 would confirm that a short term low has been posted. First resistance is Tuesday's high crossing at 1.5817. Second resistance is June's high crossing at 1.5924. First support is July's low crossing at 1.5323. Second support is June's low crossing at 1.5160.

The September Swiss Franc 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 bearish signaling that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 1.0333 are needed to confirm that a short term top has been posted. If September renews the rally off August's low, the 87% retracement level of the May-August decline crossing at 1.0922 is the next upside target. First resistance is Monday's high crossing at 1.0809. Second resistance is the 87% retracement level of the May-August decline crossing at 1.0922. First support is the 20 day moving average crossing at 1.0333. Second support is the reaction low crossing at 1.0213.

The September Canadian Dollar closed slightly higher due to short covering 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 turning neutral to bullish hinting that a low might be in or is near. Closes above the reaction high crossing at 77.20 are needed to confirm that a low has been posted. If September extends 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 77.20. Second resistance is the reaction high crossing at 77.73. First support is Wednesday's low crossing at 74.93. Second support is weekly support crossing at 73.92.

The September Japanese Yen closed lower on Friday as it extends the correction off Monday's high. 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 .8126 are needed to confirm that a short term top has been posted. If September renews this month's rally, January's high crossing at .8640 is the next upside target. First resistance is Monday's high crossing at .8591. Second resistance is January's high crossing at .8640. First support is the 10 day moving average crossing at .8216. Second support is the 20 day moving average crossing at .8126.

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

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

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 Market Update for Week Ending March 7th

The June U.S. Dollar closed higher due to short covering 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 June extends the decline off February's high, monthly support crossing at 78.91 is the next downside target. Closes above the 20 day moving average crossing at 80.50 are needed to confirm that a short term low has been posted. First resistance is the 20 day moving average crossing at 80.37. Second resistance is the reaction high crossing at 80.74. First support is today's low crossing at 79.59. Second support is monthly support crossing at 78.91.

What 10 Baggers (and 100 Baggers) Look Like

The June Euro closed slightly higher 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 diverging but are neutral to bullish signaling that sideways to higher prices are possible near term. If June extends the rally off February's low, monthly resistance crossing at 142.12 is the next upside target. Closes below the 20 day moving average crossing at 137.23 are needed to confirm that a short term top has been posted. First resistance is today's high crossing at 139.13. Second resistance is monthly resistance crossing at 142.12. First support is the 20 day moving average crossing at 137.23. Second support is the reaction low crossing at 136.44.

Maximizing Your IRA: An Interview with Terry Coxon

The June British Pound closed lower on Friday as it extends the trading range of the past three weeks. 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 hinting that sideways to lower prices are possible near term. Closes below the 20 day moving average crossing at 1.6631 would confirm that a short term top has been posted. If June resumes the rally off February's low, monthly resistance crossing at 1.7043 is the next upside target. First resistance is February's high crossing at 1.6805. Second resistance is monthly resistance crossing at 1.7043. First support is the 20 day moving average crossing at 1.6631. Second support is February's low crossing at 1.6239.

Day Trading History of 16 Major Candlestick Patterns

The June Swiss Franc closed higher on Friday as it extends this winter's rally. The mid range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are diverging but have turned bullish signaling that sideways to higher prices are possible near term. If June extends the rally off January's low, weekly resistance crossing at .11615 is the next upside target. Closes below the 20 day moving average crossing at .11259 would confirm that a short term top has been posted. First resistance is today's high crossing at .11443. Second resistance is weekly resistance crossing at .11615. First support is the 20 day moving average crossing at .11259. Second support is the reaction low crossing at .11209.

Michelle "Mish" Schnieders new free eBook. Download now!

The June 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 neutral to bullish hinting that a short term low might be in or is near. If June extends this week's rally, February's high crossing at 91.38 is the next upside target. If June renews the decline off February's high, February's low crossing at 88.85 is the next downside target. First resistance is February's high crossing at 91.38. Second resistance is the 25% retracement level of the September-January decline crossing at 91.69 . First support is the reaction low crossing at 89.10. Second support is February's low crossing at 88.85.

Scalping Done Right, Here's Our Genetically Modified Scalping System

The June Japanese Yen closed lower on Friday as it extends this week's downside breakout of February's trading range. Today's mid range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term. If June extends the decline off February's high, the reaction low crossing at .9548 is the next downside target. Closes above the 10 day moving average crossing at .9778 would confirm that a short term low has been posted. First resistance is the 10 day moving average crossing at .9778. Second resistance is the 50% retracement level of the October-January decline crossing at .9817. Second resistance is the 62% retracement level of the October-January decline crossing at .10017. First support is today's low crossing at .9641. Second support is the reaction low crossing at .9548.

Get our Gold, Crude Oil & Index ETF Trading Analysis Newsletter

Mid Week Currency and Forex Market Summary

The March U.S. Dollar closed lower on Tuesday. The mid range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that additional weakness is possible near term. If March resumes this month's decline, the reaction low crossing at 79.82 is the next downside target. Closes above the 20 day moving average crossing at 80.62 are needed to confirm that a short term low has been posted. First resistance is the 20 day moving average crossing at 80.62. Second resistance is the reaction high crossing at 80.91. First support is last Wednesday's low crossing at 79.95. Second support is the reaction low crossing at 79.82.

Get Your Free Forex Channel Trading System to trade over 20 Currency Pairs

The March Euro closed slightly higher on Tuesday. The mid range close sets the stage for a steady opening when Wednesday'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 aforementioned rally, the reaction high crossing at 138.34 is the next upside target. Closes below the 20 day moving average crossing at 136.42 would confirm that a short term top has been posted. First resistance is last Wednesday's high crossing at 137.73. Second resistance is the reaction high crossing at 138.34. First support is the 20 day moving average crossing at 136.42. Second support is the reaction low crossing at 135.62.

The March British Pound closed higher on Tuesday. The mid range close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish hinting that a short term top might be in or is near. Closes below the 20 day moving average crossing at 1.6527 would confirm that a short term top has been posted. If March resumes the rally off February's low, monthly resistance crossing at 1.7043 is the next upside target. First resistance is last Tuesday's high crossing at 1.6821. Second resistance is monthly resistance crossing at 1.7043. First support is the 20 day moving average crossing at 1.6527. Second support is February's low crossing at 1.6247.

The March Swiss Franc closed higher on Tuesday. The high range close sets the stage for a steady to higher opening when Wednesday'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, December's high crossing at .11373 is the next upside target. Closes below the 20 day moving average crossing at .11165 would confirm that a short term top has been posted. First resistance is Monday's high crossing at .11301. Second resistance is December's high crossing at .11373. First support is the 10 day moving average crossing at .11222. Second support is the 20 day moving average crossing at .11165.

The March Canadian Dollar closed lower on Tuesday. The low range close sets the stage for a steady to lower opening when Wednesday'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 last week's decline, this month's low crossing at 88.99 is the next downside target. Closes above the 10 day moving average crossing at 90.55 would temper the near-term bearish outlook. First resistance is last Wednesday's high crossing at 91.60. Second resistance is the 38% retracement level of the September-January decline crossing at 92.32 . First support is last Friday's low crossing at 89.27. Second support is this month's low crossing at 88.99.

The March Japanese Yen closed higher on Tuesday. Today's high range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. If March renews the rally off January's low, the 62% retracement level of the October-January decline crossing at .10026 is the next upside target. If March extends this month's decline, the reaction low crossing at .9672 is the next downside target. First resistance is the 50% retracement level of the October-January decline crossing at .9920. Second resistance is the 62% retracement level of the October-January decline crossing at .10026. First support is last Friday's low crossing at .9725. Second support is the reaction low crossing at .9672.

Get Your Free Forex Channel Trading System to trade over 20 Currency Pairs

FMC Extreme Currency Market Summary for Week Ending August 16th

The September Dollar closed higher on Friday leaving yesterday's key reversal down unconfirmed. 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 81.74 are needed to confirm that a short term low has been posted. If September renews the decline off July's high, June's low crossing at 80.61 is the next downside target. First resistance is the 20 day moving average crossing at 81.74. Second resistance is August's high crossing at 82.61. First support is last Thursday's low crossing at 80.89. Second support is June's low crossing at 80.61.

The September Euro 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 neutral to bearish signaling that a short term top might be in or is near. Closes below the 20 day moving average crossing at 132.64 are needed to confirm that a short term top has been posted. If September renews the rally off July's low, June's high crossing at 134.24 is the next upside target. First resistance is last Thursday's high crossing at 134.02. Second resistance is June's high crossing at 134.24. First support is the 20 day moving average crossing at 132.64. Second support is the reaction low crossing at 131.87.

The September British Pound closed lower due to profit taking on Friday as it consolidated some of the rally off July'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 September extends the rally off last Friday's low, June's high crossing at 1.5743 is the next upside target. Closes below the 20 day moving average crossing at 1.5396 would confirm that a short term top has been posted. First resistance is today's high crossing at 1.5655. Second resistance is June's high crossing at 1.5743. First support is the 20 day moving average crossing at 1.5396. Second resistance is last Wednesday's low crossing at 1.5200.

The September Swiss Franc closed lower on Friday as it consolidated some of Thursday's rally. 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 additional weakness is still possible near term. If September extends Thursday's rally, June's high crossing at .10962 is the next upside target. If September renews the decline off last week's high, the reaction low crossing at .10653 is the next downside target. First resistance is August's high crossing at .10904. Second resistance is June's high crossing at .10962. First support is Thursday's low crossing at .10644. Second support is the reaction low crossing at .10555.

The September Canadian Dollar closed lower 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 turning neutral to bearish signaling that sideways to lower prices are possible near term. Closes below last Wednesday's low crossing at 95.64 are needed to confirm that a short term top has been posted. If September renews the rally off last week's low, July's high crossing at 97.49 is the next upside target. First resistance is July's high crossing at 97.49. Second resistance is the 75% retracement level of the May-July decline crossing at 98.17. First support is last Wednesday's low crossing at 95.64. Second support is the reaction low crossing at 95.52.

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 bearish signaling that a short term top might be in or is near. Closes below the 20 day moving average crossing at .10196 would confirm that a short term top has been posted. If September renews the rally off July's low, June's high crossing at .10669 is the next upside target. First resistance is last Thursday's high crossing at .10440. Second resistance is June's high crossing at .10669. First support is the 20 day moving average crossing at .10196. Second support is the reaction low crossing at .10002.

FMC Extreme Currency Markets Summary for Tuesday July 9th, 2013

Don't forget to sign up for this Thursdays “Trend Jumper” webinars

The September Euro currency closed down 90 points at 1.2788 today. Prices closed nearer the session low today, scored a bearish “outside day” down on the daily bar chart and hit a fresh three month low. Bears still have the solid overall near term technical advantage.

The September Japanese yen closed down 9 points at .9898 today. Prices closed near mid-range in quieter trading. The bears still have the overall near term technical advantage. Prices are in a three week old downtrend on the daily bar chart.

The September Swiss franc closed down 103 points at 1.0282 today. Prices closed nearer the session low today and hit a fresh five week low. The bears have the solid near term technical advantage. Prices are in a steep four week old downtrend on the daily bar chart.

The September Canadian dollar closed up 24 points at .9480 today. Prices closed nearer the session high today on more tepid short covering in a bear market. Prices last Friday hit a contract low. Bears have the solid near term technical advantage.

The September British pound closed down 85 points at 1.4857 today. Prices closed nearer the session low and hit a fresh contract low today. Bears have the solid near term technical advantage. Prices are in a steep four week old downtrend on the daily bar chart.

The September U.S. dollar index closed up .421 at 84.835 today. Prices closed nearer the session high today and hit another fresh three year high. The bulls have the solid near term technical advantage. Safe haven demand due to the crisis in Egypt and stronger U.S. economic data are supporting the greenback.

 Don't forget to sign up for this Thursdays “Trend Jumper” webinars

Currency Market Summary For Tuesday November 22nd

The March Euro currency closed up 10 points at 1.3522 today. Prices closed nearer the session low. Bears have the solid overall near term technical advantage. Prices are in a four week old downtrend on the daily bar chart.

The March Japanese yen closed down 10 points at 1.3032 today. Prices closed nearer the session high today. Bulls have the near term technical advantage. Prices are in a three week old uptrend on the daily bar chart.

The March Swiss franc closed up 21 points at 1.0958 today. Prices closed near mid range today. Bears have the solid overall near term technical advantage.

The March Canadian dollar closed steady at .9610 today. Prices closed near mid range. Bears have the overall near term technical advantage.

The March British pound closed down 9 points at 1.5617 today. Prices closed nearer the session high today and hit a fresh six week low early on. Bears have the near term technical advantage.

The March U.S. dollar index closed down 2 points at 78.81 today. Prices closed near mid range today in quieter trading. Bulls have the overall near term technical advantage.


Just click here for your FREE trend analysis of the U.S. Dollar ETF UUP