Tag Archives: Canadian Dollar
Midday Missive
The Spu’s are hoping to get rescued by an Oil rally. For Oil to put on a rally the Point & Figure shows it has to hold today’s low. I have no idea which side of the market is more … Continue reading
Midday Missive
Dollar is bid against the Commodity Currencies and the Suisse. Of course I sold the Euro which is the wrong one to be short on all the crosses today. This should continue right into London’s close. Gold…rallies keep failing for … Continue reading
Canadian Dollar…CA6H5 Trade Alert!
SELL​ 4 CA6H @ the Market! We are Now just left with our Short Yen position.
GBP/USD
Sterling is being sold against pretty much everything. Gold,Canada,Oil, & Euro. It’s got farther to go. Look for a test and a probing of the next set of macro sell stops just below 155.00
Midday Missive
USD/CAD…is retesting it’s chart break out from Oct 24th. Canada is a low risk sale with a manageable exit. USD/CAD would need a close under 103.75 (over app 96.36 Futures) to negate the sell pattern. As long as the Canadian … Continue reading
Oh Canada
USD/CAD…is attempting an ORH week with a close over 103.87. This is an ORL for Futures traders with a close under 96.09. Sell stops are resting at 95.81 December Futures. I’m presently not convinced it’s going anywhere, however this is … Continue reading
A.M. Look 3/7/13
Euro Stoxx…2700-2719 is short term resistance and the upside pivot. Spu/Bonds…the daily shows possible price rejection right here, however any sustained action above this level leads to the red line on the chart, which means the equity indices have a … Continue reading
CAD/JPY…Pattern Alert!
In the 1/28/13A.M. Look we looked at the Canada https://www.whitewavetradingstrategies.com/a-m-look-12813/ Today the CAD/JPY cross is attempting an ORH day with a close over 91.21. Sustaining over 91.49 would be needed to confirm the pattern. Canada Futures are coming up into … Continue reading
A.M. Look 1/18/13
Gold…1700 followed by 1715 are the next resistance levels. Gold has to stay above 1681. Silver…32.40 ish is the next resistance zone. 30 yr. Bonds…145.31 is first resistance. 146.23 is the closing # the bonds have to stay above to … Continue reading
Weekly Pattern Alert…Currencies
The Euro, Suisse and Canada are all attempting ORH weeks. Completion of these patterns portends a further weakening of the Dollar and more Risk On. Presently this has kept a lid on the Metals. We do not think this short … Continue reading