03/01/2015 – Canadian Dollar
- March 1, 2015
- Canadian Dollar
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
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.