03/04/2015 – Canadian Dollar
- March 4, 2015
- Canadian Dollar
June Canadian dollar:
1. Our recent Mon., March 2 June Canadian dollar forecast indicated that any hourly or daily close above $79.45 could be bought for a tradable advance to $80.48 (or higher).
2. Although our position stopped out with a small loss, (noted in recent report) the June Canadian dollar completed the $80.48 upside target in today’s (Thurs., March 5) session (today’s session high, $80.47). This completes the intended trade.
3. While the Canadian dollar showed tricky behavior in completing the trade, the completion of $80.48 remains important and may prompt further entry. Will update.
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.