09/08/2014 – Canadian Dollar

Issued: 09/07/2014

Dec. Canadian dollar:

1. Friday’s (Sept. 5) Dec. Canadian dollar tested and closed below the critical $91.83 level noted in our previous update. This prompted new short entry as noted in the update.

2. Upon further review of market conditions, only aggressive should consider this trade. Further detail will be given in Monday’s Williams edge live meeting.

3. Initial short position exit should be taken at/near $91.53. Further downside targets will be messaged in a subsequent update.

4. Protective buy stop should be placed at $91.78. This stop will be moved lower as the market continues to confirm. Will update.

David Williams

Issued: 09/08/2014

Dec. Canadian dollar:

1. We remain short the Dec. Canadian dollar from approximately $91.67 (Fri., Sept. 5 daily close) and exited a portion of that position at/near $91.53 (today’s session low, $91.40, so far).

2. As noted in the original update, a tradable multi-day decline and test/attempt at $90.93/$87 is expected into mid this week (week of Sept. 8).

3. Further short position exit should be taken at/near $91.32. Final short position exit will be messaged in a subsequent update.

4. Our protective buy stop has been lowered to $91.69. This stop will continue to be moved lower as the market continues to confirm.

David Williams

Issued: 09/08/2014

Dec. Canadian dollar:

1. Today’s (Mon., Sept. 8) Dec. Canadian dollar continues its forecast decline from $91.67 and has completed our second short position exit at/near $91.32 (today’s session low, $91.31, so far).

2. The remainder of our position will be held for lower prices, including a test/attempt at $90.93/$87 into mid-this week, noted in the original update.

3. Our protective buy stop has been lowered to $91.60. This stop will continue to be moved lower as the market continues to confirm.

David Williams

Issued: 09/08/2014

Dec. Canadian dollar:

1. Today’s (Mon., Sept. 8) Dec. Canadian dollar completed the forecast decline from $91.67 to $90.87 originally forecast in our Thurs., Sept. 4 report (today’s session low, $90.84).

2. Traders exited partial positions at//near $91.32 and final positions at/near $90.93/$87. This completes the trade. Will message any further entry or indication in the Canadian dollar.

David Williams

Issued: 09/04/2014

Dec. Canadian dollar:

1. Continued daily closes below $91.83 in the Dec. Canadian dollar will indicate a tradable multi-day decline and test/attempt at $90.93/$87 into mid-next week (week of Sept. 8).

2. Therefore, any further test of and daily close below $91.83 will indicate new short entry for the above-noted decline. Protective stop and initial downside price targets will be messaged in a subsequent update as the market confirms.

3. Alternate short entry will be messaged if no further test of $91.83 occurs.

David Williams