Issued: 11/10/2014
Dec. Canadian dollar:
1. The Dec. Canadian dollar has recently advanced and is nearing a critical juncture on the upside.
2. From this point forward, any 120 minute (two-hour) or especially daily close below $88.02 prior to Wed., Nov. 12 will prompt aggressive short entry for a quick decline to at/near $87.55, then $87.35.
3. For ordinary (non-aggressive) entry any daily close below $87.92 prior to Wed., Nov. 12 will indicate new short entry for the above noted downside targets.
4. Should neither of the above 2 scenarios play out, an alternate entry may be messaged if the Dec. Canadian dollar confirms. Will update.
David Williams
Issued: 11/10/2014
Dec. Canadian dollar:
1. Today’s earlier Dec. Canadian dollar report indicated that any 120 minute (two-hour) or especially daily close below $88.02 prior to Wed., Nov. 12 will prompt aggressive short entry for a quick decline to at/near $87.55, then $87.35.
2. Today’s Dec. Canadian dollar closed below $88.02 on the 120 minute bar indicating new short entry at $87.90.
3. Partial short position exit should be taken at current prices (current price $87.80.
4. Protective buy stop should be placed at $88.05. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 11/11/2014
Dec. Canadian dollar:
1. Yesterday’s (Mon., Nov. 10) Dec. Canadian dollar report indicated new short entry at $87.90 for decline and test/attempt at $87.55, then $87.35.
2. Today’s session low was $87.64, against the $87.55 downside target.
3. Our protective buy stop has been lowered to $87.95. This stop will continue to be moved down as the market continues to confirm.
David Williams
Issued: 11/11/2014
Dec. Canadian dollar:
1. Today’s Dec. Canadian dollar made an initial attempt at completing our $87.90 short entry to our $87.55 initial downside target noted in yesterday’s (Mon., Nov. 10) update. Today’s session low was $87.64.
2. Today’s $87.64 session low prompted our protective buy stop being lowered to $87.95, which was later triggered. This resulted in a small 5 pip loss on the position (entering on the 120 confirmation) and an approximate 16 pip loss if entering on the daily confirmation.
3. A daily close today above $87.64 (expected) is the stronger position and may prompt new entry. Will update.
David Williams