{"id":6433,"date":"2014-01-21T13:56:43","date_gmt":"2014-01-21T21:56:43","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=6433"},"modified":"2014-09-16T03:45:52","modified_gmt":"2014-09-16T11:45:52","slug":"australian-dollar-chart-futures-levels-economic-reports-1-22-2014","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/australian-dollar-chart-futures-levels-economic-reports-1-22-2014\/","title":{"rendered":"Australian Dollar Chart, Futures Levels & Economic Reports 1.22.2014"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Wednesday January 22, 2014<\/a><\/strong>
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\nHello Traders,<\/strong><\/p>\n

For 2014 I would like to wish all of you discipline and patience in your trading! <\/em><\/p>\n

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I need your help!<\/strong><\/p>\n

I have gotten and getting great feedback from many of you and would appreciate if you can take a couple of seconds to vote at:<\/strong><\/p>\n

http:\/\/www.traderplanet.com\/l\/WEd<\/a>\u00a0<\/strong><\/div>\n
\"Traders<\/a><\/div>\n

 <\/p>\n

There are more than a few markets one can daytrade beside stock indices….<\/strong><\/p>\n

Today I would like to talk a little about the currency futures markets. I personally prefer currency futures over FOREX any day. More than a few reasons but the main ones are: currency futures trade on one, regulated main exchange ( CME) while FOREX trades through different interbanks and other means of transactions that are not necessarily regulated. FOREX are “commission free” but in reality there is a spread built in that dealer marks up each time you buy or sell which makes FOREX more expensive than futures.<\/p>\n

The main ones I like to follow are:<\/p>\n

The Euro, The Yen, The British Pound, The Australian. All are paired versus the US$.<\/p>\n

Each market will have different times of higher volume which can allow for traders in all time zones to pick their market. Simply open an hourly chart, like the example i am showing below of the Australian $ and add the volume indicator to observe what times the market has the most action.<\/p>\n