10/08/2014 – Canadian Dollar
Issued: 10/06/2014
Dec. Canadian dollar:
1. Any further touch and 120 minute or especially daily close below either $89.76 – $88 in the Dec. Canadian dollar makes those levels short selling territory for a tradable multi-day decline and test/attempt at $88.76 into late this week (week of Oct. 6).
2. Once short, a protective buy stop should be placed at $90.05. Will message further details in a subsequent update as the market confirms.
David Williams
Issued: 10/08/2014
Dec. Canadian dollar:
1. Today’s Dec. Canadian dollar advanced powerfully in response to today’s FOMC meeting and closed the day at the top end of the range of selling territory between $89.76/$88 noted in our previous report (today’s session close, $89.86).
2. The nature of today’s advance prompts extra caution on our part. Therefore, if short from today’s $89.86 daily close, exit at current prices (current price $89.90). A further update and possible reentry will be issued in tomorrow’s session.
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.