10/29/2014 – Canadian Dollar

Issued: 10/27/2014

Dec. Canadian dollar:

1. Continued hourly and especially a daily close below $88.70 in the Dec. Canadian dollar is the weaker position and indicates a tradable decline to $88.25 (or lower) into Tues., Oct. 29 (+/-1 day). Today’s (Mon., Oct. 27) session closed at $88.80.

2. Will will update in tomorrow’s (Tues., Oct. 28) session as the market confirms.

David Williams

Issued: 10/28/2014

Dec. Canadian dollar:

1. Yesterday’s (Mon., Oct. 27) Dec. Canadian dollar report indicated that a confirmed break below $88.70 would prompt new short entry to $88.25 (or lower) into today, Tues., Oct. 29 (+/-1 day).

2. Today’s session low was $88.77 (above $88.70), so no new short entry occurred.

3. Today’s advance iindicates the possibility of higher prices this week, including a test/attempt at $89.62 (or higher).

4. Therefore, new long entry in the Dec. Canadian dollar is indicated at $89.38, if touched. An alternate (lower) long entry may be messaged, as well.

5. An initial long position exit should be taken at/near $89.50, a subsequent exit at/near $89.60, and any remaining long position held for the possibility of higher prices (to be messaged).

6. Once long, a protective sell stop should be placed at $89.16. This stop will be moved higher as the market continues to confirm. Will update

David Williams

Issued: 10/29/2014

Dec. Canadian dollar:

1. Our previous Tues., Oct. 28 Dec. Canadian dollar report indicated new long entry at $89.38 (which was triggered on Tues., Oct. 28) for advance to $89.50 (initial), then $89.60 profit target.

2. Today’s (Wed., Oct. 29) Dec. Canadian dollar completed the $89.60 upside profit target. Any remaining long positions should be held for the possibility of higher prices, including a test/attempt at $89.86 final exit.

3. Our protective sell stop is been raised $89.35. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 10/29/2014

Dec. Canadian dollar:

1. Our previous Tues., Oct. 28 Dec. Canadian dollar report indicated new long entry at $89.38 (which was triggered on Tues., Oct. 28) for advance to $89.50 (initial), then $89.60 and final exit at/near $89.86.

2. Today’s (Wed., Oct. 29) Dec. Canadian dollar completed the $89.60 upside profit target and attempted the $89.86 final upside target (session high, $89.81). It is likely most traders exited the majority of their position at/near $89.86.

3. Any remaining longs were stopped out at our recently adjusted $89.35 protective sell stop. This resulted in a successful trade. Will message any further entry or indication as the market confirms.

David Williams