02/23/2015 – Canadian Dollar

Issued: 02/23/2015

March Canadian dollar:

1. Our recent Thurs., Feb.. 19 March Canadian dollar report indicated that any hourly or especially a daily close below $79.80 in the March Canadian dollar would place the market into a ‘Sell’ position for a decline and test of $79.40, $79.15, then a test/attempt at $78.80 into Fri., Feb. 20/Mon., Feb. 23.

2. Friday’s, Feb. 20 session closed at $79.78 (slightly below the $79.80 trade initiation level) and today (Mon., Feb. 23) continued lower, completing both the initial $79.40 and $79.15, downside targets (today’s session low, $79.19, so far). Lower prices remain indicated, as noted in the original update.

3. Should today’s session close the day above $79.40, this would be a stronger position and may prompt final short position exit. Will update as the market confirms.

4. Our protective buy stop should be lowered now to $80.07. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 02/23/2015

March Canadian dollar:

1. Our recent Thurs., Feb.. 19 March Canadian dollar report indicated that any hourly or especially a daily close below $79.80 in the March Canadian dollar would place the market into a ‘Sell’ position for a decline and test of $79.40, $79.15, then a test/attempt at $78.80 into Fri., Feb. 20/Mon., Feb. 23.

2. Today’s (Mon., Feb. 23) March Canadian dollar session completed both the $79.40 and $79.15 downside target (today session low, $79.19).

3. Our protective buy stop should be lowered now to $79.80. This stop will continue to be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 02/24/2015

March Canadian dollar:

1. Today’s Tues., Feb.. 24 March Canadian dollar continued on the recent forecast decline from $79.80 to $79.40, $79.15, then $78.80 expected into Fri., Feb. 20/Mon., Feb. 23.

2. Traders exited a second portion of their short position at/near the $79.15 downside target. Today’s session made its first attempt at the $78.80 final downside target (today’s session low, $78.95 so far).

3. Our protective buy stop should be lowered now to $79.62. This stop will continue to be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 02/24/2015

March Canadian dollar:

1. Today’s Tues., Feb.. 24 March Canadian dollar continued on the recent forecast decline from $79.80 to $79.40, $79.15, then $78.80 expected into Fri., Feb. 20/Mon., Feb. 23.

2. Traders exited a second portion of their short position at/near the $79.15 downside target. Today’s session made its first attempt at the $78.80 final downside target (today’s session low, $78.95 so far).

3. Our protective buy stop was hit today at $79.62. This resulted in a successful trade. Will message any further entry or indication in the March Canadian dollar.

David Williams

Issued: 02/19/2015

March Canadian dollar:

1. Any hourly or especially a daily close below $79.80 in the March Canadian dollar places the market into a ‘Sell’ position for the decline and test of $79.40, $79.15, then a test/attempt at $78.80 into Fri., Feb. 20/Mon., Feb. 23. Should the March Canadian dollar be unable to close hourly or daily below $79.80, no new short entry is indicated.

2. Once short, a protective buy stop should be placed at $80.48. This stop will be moved lower as the market continues to confirm. Will update.

David Williams