Thursday, January 31, 2013

Thoughts on Currency Futures by @JimIuorio

Thoughts on Currency Futures by @JimIuorioSocialTwist Tell-a-Friend

We are looking at no specific trades yet today but will monitor a couple of formations closely.

The Canadian Dollar appears to be in a corrective upswing in a broader downtrend. I would consider a negative bias if it trades up to 100.08. 

The Aussie Dollar sits precariously on long term trend support.  Trade of 103.38 will be an indication of further weakness.

We will be watching the Yen, as always, for any indication of a bottom or a reversal pattern.


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