FX Rundown (Week of July 31st)
Posted: July 31, 2023, 7:56 a.m.
Today's FX Tactical Ranges*Markets with increased volatility in the overnight session are highlighted* |
 |
|
For additional information on using the FX Rundown for your self-directed trading, please refer to the bottom of this email for a brief explanation. Most successful traders use a mechanical trading system
You need to know
When managing a trade, position sizing is the most overlooked yet critical in increasing your chances of remaining in the market long enough to catch the next trending market. |
Technical Spotlight - 7/31/23 Aussie Dollar (September) |
 |
|
Technicals: The trend following trading system is Neutral Trend Activation Date: TBD Bull Trade Trigger: 0.68650* A closing settlement above starts a new bull trend Bear Trade Trigger: 0.66370* A closing settlement below starts a new bear trend Last Session Settlement Price: 0.66625 Support: 0.66350**, 0.66000 Resistance: 0.67570** (200 DMA), 0.69500*, 0.70000*** Initial Margin $1,980 Maintenance Margin $1,800 Last Trade Date: September 18 |
Technical Spotlight - 7/31/23 British Pound (September) |
 |
|
Technicals: The trend following trading system is Bullish Trend Activation Date: June 9 Bull Trade Trigger: 1.2595* Trend Neutralizer: 1.2777* A close below neutralizes the existing bull trend. Last Session Settlement Price: 1.2860 Upcoming Seasonal Trend in Play: None Resistance: 1.3000** Support: 1.2717**, 1.2524**, 1.2472**, 1.2322**, 200 DMA at 1.2259 Initial Margin $3,300 maintenance Margin $3,000 Last Trade Date: September 18 |
Technical Spotlight - 7/31/23 Canadian Dollar (September) |
 |
|
Technicals: The trend following trading system is Bullish Trend Activation Date: July 12 Bull Trade Trigger: 0.75900* Trend Neutralizer: 0.75285* A close below neutralizes the existing bull trend. Last Session Settlement Price: 0.75575 Resistance: 0.76000**, 0.76360** Support: 0.74945**, The volatility surge leaves 0.74250-0.74000* as a Major level of support, followed by the recent contract lows. Initial Margin $1,760 Maintenance Margin $1,600 Last Trade Date: September 18 |
Technical Spotlight - 7/31/23 Euro (September) |
 |
|
Technicals: The trend following trading system is Bullish Trend Activation Date: June 16 Bull Trade Trigger: 1.09960* Trend Neutralizer: 1.09930* A close below neutralizes the existing bullish trend. Last Session Settlement Price: 1.10505 Resistance: 1.1200* Support: 1.08650*, 200 DMA at 1.08090, 1.06650** Initial Margin $3,190 Maintenance Margin $2,900 Last Trade Date: September 18 |
Technical Spotlight - 7/31/23 Japanese Yen (September) |
 |
|
Technicals: The trend following trading system is Bullish Trend Activation Date: July 13 Bull Trade Trigger: 0.731800* Trend Neutralizer: 0.708650* A close below neutralizes the existing bullish trend. Last Session Settlement Price: 0.714800 Resistance: 0.730000* Support: 0.710000* Initial Margin $4,400 Maintenance Margin $2,900 Last Trade Date: September 18 |
Technical Spotlight - 7/31/23 Swiss Franc (September) |
 |
|
Technicals: The trend following trading system is Bullish Trend Activation Date: July 7 Bull Trade Trigger: 1.13395* Trend Neutralizer: 1.14025* A close below neutralizes the existing bullish trend. Last Session Settlement Price: 1.15660 Resistance: 1.16000 Support: Long-term support remains at 1.13500 and the 200 DMA at 1.11000 Initial Margin $4,400 Maintenance Margin $2,900 Last Trade Date: June 19 |
Technical Spotlight - 7/31/23 U.S. Dollar (September) |
 |
|
Technicals: The trend following trading system is Bearish Trend Activation Date: July 7 Bear Trade Trigger: 101.95* Trend Neutralizer: 102.33* A close above neutralizes the existing bear trend. Last Session Settlement Price: 101.39 Support: 101.00**100.00**, 99.00 Resistance: 102.00**, 103.50** Initial Margin $2,090 Maintenance Margin $1,900 Last Trade Date: September 18 |
|
How to use the FX Rundown The FX Rundown is a technical system that uses end-of-the-day settlement prices to identify "bullish," "bearish," or neutral positions by analyzing hundreds of data points. The system removes the human element by giving the reader actionable trading ideas that attempt to position for new trends in the market. The system will keep track of the hypothetical open trade equity as reflected in the day's settlement. How the system works To establish a "long" position, the settlement must close above the "bull trade trigger." At that point, the "bear trade trigger" will act as a protective stop level. Conversely, to establish a "short" position, the settlement must close below the "bear trade trigger." The "bull trade trigger" will be a protective stop level at that point. Remember, the system will not flip directly from long to short but shift to the sidelines, reflecting a "neutral" position for at least one day before establishing a new signal. Risk Management Although protective buy and sell triggers are listed, we suggest using stop losses that you are comfortable with financially and technically for risk management. Please consult your broker or the trading desk if you have any questions. |
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Sign up for a Free Trial
Start Trading with Blue Line Futures
Don't have an account with Blue Line Futures?
Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.
With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500
Like this post? Share it below:
Back to Insights
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Free Trial