Issued: 03/31/2015
June Canadian dollar:
1. The next important daily market bottom for the June Canadian dollar is April 1 (+/-1 day). This bottom is expected to produce a tradable multi-day advance.
2. Continued daily closes above $78.15 will help to further confirm the upcoming April 1 (+/-1 day) bottom. No new entry is being taken at this point. Will update as the market continues to confirm.
David Williams
Issued: 04/05/2015
June Canadian dollar:
1. Our previous June Canadian dollar report indicated that any hourly or especially daily close above $79.38 in the June Canadian dollar would place the market into a ‘Buy’ position for further advance and test/attempt at/near $79.64 (initial) then $79.80 (or higher) final upside targets.
2. Thursday’s (April 2) hourly and daily chart both closed above $79.38 indicating new long entry, as noted above. Initial long position exit was taken at/near $79.64, then $79.80 noted in the original report. Any final remaining long position should be held for the possibility of higher prices and a trend following exit.
3. Our protective sell stop should now be placed at $79.69. This stop will continue to be movd higher as the market continues to confirm. Will update.
David Williams
Issued: 04/05/2015
June Canadian dollar:
1. Our previous June Canadian dollar report indicated that any hourly or especially daily close above $79.38 in the June Canadian dollar would place the market into a ‘Buy’ position for further advance and test/attempt at/near $79.64 (initial) then $79.80 (or higher) final upside targets.
2. Thurs. (April 2) hourly and daily chart closed above $79.38 indicating new long entry, as noted above. The June Canadian dollar subsequently advanced to both the $79.64 initial and $79.80 final upside targets. Any remaining long position should be held for the possibility of higher prices and a trend following exit to be messaged in a subsequent update.
3. Our protective sell stop should now be placed at $79.52. This stop will continue to be movd higher as the market continues to confirm. Will update.
David Williams
Issued: 04/01/2015
June Canadian dollar:
1. As noted in Tues. (Mar. 31) June Canadian dollar update, the next forecast daily market bottom was April 1 (+/-1 day). This bottom was expected to produce a tradable multi-day advance. Today’s session advanced nicely off the April 1 bottom which occurred one trading day early.
2. For the remainder of this week (week of Mar. 30) any hourly or especially daily close above $79.38 in the June Canadian dollar will place the market into a ‘Buy’ position for further advance and test/attempt at/near $79.64 (initial) then $79.80 (or higher) final upside targets.
3. Our protective sell stop will be messaged in tomorrow’s (Thurs., April 2) session if the market confirms as noted above.
David Williams
Issued: 04/02/2015
June Canadian dollar:
1. Our previous June Canadian dollar report indicated that any hourly or especially daily close above $79.38 in the June Canadian dollar would place the market into a ‘Buy’ position for further advance and test/attempt at/near $79.64 (initial) then $79.80 (or higher) final upside targets.
2. Today’s hourly chart closed above $79.38 indicating new long entry, as noted above. Keep all profit targets noted in the previous update in mind.
3. A protective sell stop should now be placed at $79.14. This stop will continue to be movd higher as the market continues to confirm. Will update.
David Williams
Issued: 04/07/2015
June Canadian dollar:
1. For those holding remaining long positions in the June Canadian dollar, our protective sell stop has been raised to $79.70. The stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 04/08/2015
June Canadian dollar:
1. Our previous June Canadian dollar report indicated that any hourly or especially daily close above $79.38 in the June Canadian dollar would place the market into a ‘Buy’ position for further advance and test/attempt at/near $79.64 (initial) then $79.80 (or higher) final upside targets.
2. Thurs. (April 2) hourly and daily chart closed above $79.38 indicating new long entry, as noted above. The June Canadian dollar subsequently advanced to both the $79.64 initial and $79.80 final upside targets. Any remaining long position was held for the possibility of higher prices and a trend following exit to be messaged in a subsequent update.
3. After raising our protective sell stop to $79.70 today’s Canadian dollar session continued on the advance making a new recent high at $80.65. Therefore, any remaining long position should be exited at current prices (current price, $80.53). This completes the trade. Will message any further entry or indication in the June Canadian dollar.
David Williams