Issued: 03/02/2015
June Canadian dollar:
1. Our previous (Thurs., Feb. 26) June Canadian dollar report noted that continued hourly and especially a daily close above $79.70 (and worst-case $79.45) in the June Canadian dollar would place the market into a ‘Buy’ position for a quick advance to at/near $80.48 (or higher) into Fri., Feb. 27/Mon., March 2.
2. Friday’s (Feb.27) June Canadian dollar session made a session low of $79.71 and subsequently closed the day at $79.89, indicating new long entry.
3. A protective sell stop should be placed at $79.65. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 03/02/2015
June Canadian dollar:
1. Our previous (Thurs., Feb. 26) June Canadian dollar report noted that continued hourly and especially a daily close above $79.70 (and worst-case $79.45) in the June Canadian dollar would place the market into a ‘Buy’ position for a quick advance to at/near $80.48 (or higher) into Fri., Feb. 27/Mon., March 2. Friday’s (Feb. 27) June Canadian dollar session closed at $79.89.
2. Today’s (Mon., March 2) June Canadian dollar session declined and triggered our $79.65 protective sell stop, resulting in a small loss on the entire position. Will message any reentry if the June Canadian dollar confirms.
David Williams
Issued: 02/26/2015
June Canadian dollar:
1. Continued hourly and especially a daily close above $79.70 (and worst-case $79.45) in the June Canadian dollar will place the market into a ‘Buy’ position for a quick advance to at/near $80.48 (or higher) into Fri., Feb. 27/Mon., March 2.
2. Therefore, the June Canadian dollar is at a critical juncture on the downside. Will update as the market confirms as noted above in tomorrow’s (Fri. Feb. 27) session.
David Williams