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Spot Forex Trades
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CAD Weakness Presumes
Thu, Nov 20 2008, 14:26 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
A. (20 November US) Latest Impact: CAD Weakness Presumes
Whenever prices are artificially held back it works like a stretched slingshot, eventually when it is released it will explode in an effort to return to the free market price causing major disruptions in the process.
USDCAD pulled back yesterday with the intention of breaking up to continue its incomplete previous weekly upward trend. Crude Oil is subordinating the pair and as long as the former has no reliable bottom, cad weakness will continue (usdcad higher) towards 130 initially, pause for a break before exploding a route to 135. A tumble below yesterday low will expedite an emergency exit.
** Yen crosses for further unwinding in the next 24hr.
B. Signal
Limit Order Valid till XX November
C. Mission Accomplished:
n/a
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Thu, Nov 20 2008, 14:28 GMT
Archive
- 65pips AUDCAD Mission Accomplished
Published On Tue, Feb 9 2010, 18:33 GMT - 35pips USDCAD Mission Accomplished
Published On Tue, Feb 9 2010, 12:48 GMT - USDCAD Reversal – A Sell @ 10700
Published On Tue, Feb 9 2010, 05:37 GMT - USDCAD – A Buy @ 10725
Published On Tue, Feb 9 2010, 03:09 GMT - AUDCAD Downtrend to be arrested?
Published On Mon, Feb 8 2010, 04:31 GMT
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