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03/30/2016 – Canadian Dollar

Issued: 03/28/2016

June Canadian dollar:

1. Under normal conditions the June Canadian dollar is expected to test $75.45 (or slightly lower) into Wednesday, March 30 (+1 day). Today’s June Canadian dollar daily close was $75.84.

2. While the June Canadian dollar could be shorted for the above-noted decline, a more important bottom is indicated into Wednesday, March 30 (+/-1 day). Should the market confirm as noted above, new long entry will be messaged in a subsequent update.

David Williams

Issued: 03/30/2016

June Canadian dollar:

1. Under normal conditions the June Canadian dollar was expected to test $75.45 (or slightly lower) into Wednesday, March 30 (+1 day). Aggressive traders were instructed to wait for a failure between $76.10/.20 for new short entry. Therefore, any hourly or daily close above $76.20 would negate the indication.

2. Although the June Canadian dollar temporarily reacted off the $76.10/.20 level, it later closed hourly (and daily) above those levels on Tuesday, March 29 at $76.29, negating the short entry and resulting in a very loss. Will message any further entry or indication in the June Canadian dollar.

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.