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