05/06/2014 – Canadian Dollar
- May 6, 2014
- Canadian Dollar
Issued: 05/06/2014
June Canadian dollar:
1. Today’s June Canadian dollar completed the advance from the forecast April 23 daily bottom to the $91.39 final upside target forecast in our previous April 29 update (today’s session high, $91.88). Will message any further entry or indication.
David Williams
Issued: 04/29/2014
June Canadian dollar:
1. In recent live meetings Wed., April 23 was indicated as the next important daily market bottom for the June Canadian dollar.
2. In Fridays/Monday’s (April 25/28) live meeting it was noted that the Australian dollar (which had moved sideways for several days) should begin it’s advance immediately or risk a decline to lower prices, including $90.20.
3. Today’s June Australian dollar advanced powerfully and has reached an important profit-taking juncture at $91.08 on the upside. Self-directed traders long from the April 23 bottom should exit at least 1/2 of their long position at/near current prices (current price $91.11).
4. The next important upside target is at/near $91.39. A daily close today (Tuesday, April 29) below $91.08 is the weaker position. Will update.
David Williams
Issued: 04/29/2014
June Canadian dollar:
Special note: Below is a repeat of the previous Canadian dollar report which erroneously had the Australian dollar mentioned several times in it. We apologize for any inconvenience this may have caused.
1. In recent live meetings Wed., April 23 was indicated as the next important daily market bottom for the June Canadian dollar.
2. In Fridays/Monday’s (April 25/28) live meeting it was noted that the June Canadian dollar (which had moved sideways for several days) should begin it’s advance immediately or risk a decline to lower prices, including $90.20.
3. Today’s June Canadian dollar advanced powerfully and has reached an important profit-taking juncture at $91.08 on the upside. Self-directed traders long from the April 23 bottom should exit at least 1/2 of their long position at/near current prices (current price $91.11).
4. The next important upside target is at/near $91.39. A daily close today (Tuesday, April 29) below $91.08 is the weaker position. 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.