Can the Japanese Yen Rally?
Australian Dollar
Technicals (December)
Australian Dollar futures flipped to a Bullish Trend on November 6th at 0.65000 and would take a close below 0.63675 to shift back to a Neutral Trend.
Bias: Bullish/Neutral
Previous Session Bias: Bullish/Neutral
Resistance: 0.65530**, 0.67630***
Pivot: 0.64030 (50 DMA)
Support: 0.63500-0.63000** (Contract lows)
British Pound
Technicals (December)
British Pound futures flipped to a bullish trend at 1.2503 on November 14th, and it would take a close below 1.2177 to shift back to a neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Neutral
Resistance: 1.2452***(200 DMA) ,1.2680**, 1.3000***
Pivot: 1.2259
Support: 1.2131**, 1.2050-1.2000*** (Contract lows)
Canadian Dollar
Technicals (December)
Canadian dollar futures flipped to a bearish trend on October 2 at 0.73220. Only a close over 0.73340 would return the market to a neutral trend.
The 50 DMA is 0.73290 and will act as a new resistance point.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 0.73530**, 0.74500**, 0.76000***
Pivot: 0.73320
Support: 0.72250-0.72000** (Contract lows)
Euro Currency
Technicals (December)
Euro Currency futures flipped to a bullish trend at 1.08965 on November 14th, and it would take a close below 1.06630 to shift back to a neutral trend.
Bias: Bullish/Neutral
Previous Session Bias: Neutral
Resistance: 1.08960**(200 DMA), 1.09340**, 1.11000***
Pivot: 1.06550 (50 DMA)
Support: 1.05830**-1.04500**
Japanese Yen
Technicals (December)
Japanese Yen futures have been in a Bearish trend since August 1 at 0.712650 and would need a close over 0.676000 to Neutralize the existing Bearish trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 0.700560**, 0.725000***
Pivot: 0.678465
Support: 0.660000**
Swiss Franc
Technicals (December)
Swiss Franc futures flipped to a bullish trend at 1.12925 on November 14th, and it would take a close below 1.11100 to shift back to a neutral trend.
Bias: Bullish / Neutral
Previous Session Bias: Neutral
Resistance: 1.13240**, 1.14940**, 1.15000***
Pivot: 1.11610
Support: 1.10715*, 1.10000***
U.S. Dollar
Technicals (December)
The U.S. dollar futures flipped to a bearish trend at 103.907 on November 14th, and it would take a close above 1.06190 to shift back to a neutral trend.
Bias: Bearish/Neutral
Previous Session Bias: Neutral
Resistance: 106.425** 107.00-107.50***
Pivot: 105.60 (50 DMA)
Support: 103.02**, 101.00***
Phillip Streible, Chief Market Strategist
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