08/04/2014 – Canadian Dollar
- August 4, 2014
- Canadian Dollar
Issued: 08/04/2014
September Canadian dollar:
1. Continued hourly and especially daily closes above $91.35 in the September Canadian dollar indicates new long entry for a multi-day tradable advance to $91.75, then at/near $92.10, then at/near $92.42 final upside target.
2. Once long, initial protective sell stop should be placed at $91.24. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 08/05/2014
September Canadian dollar:
1. Yesterday’s (Mon., Aug. 4) September Canadian dollar report indicated that continued daily closes above $91.35 would indicate a multi-day tradable advance to $91.75 then at/near $92.10, then at/near $92.42 final upside target.
2. Today’s (Tuesday, Aug. 5) September Canadian dollar is attempting lower prices below $91.35. Will message new long entry if today’s session closes above $91.35, as noted.
3. Otherwise, further decline is likely and a test/attempt at $91.05/$00 into tomorrow, Wed., Aug. 6. Traders long prior to today’s daily close were stopped out at $91.24. 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.