FX Options trade alert
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ISE Canadian Dollar OUTLOOK
Tue, Jul 28 2009, 11:09 GMT
by Trading Central Team
Trading Central
CDD (USD/CAD on ISE): further USD consolidation expected.
Pivot: 113.00
Our forecast: Down move towards 103.50 or even 100.00.
Comment: The pair is reversing down from a key rising trend line (former support which is acting now as a resistance). Moreover, the daily RSI is capped by a bearish trend line. A slight corrective recovery cannot be ruled out but the 113.00 resistance area maintains downward pressure.

To leverage our Trend Opinion on the ISE Canadian Dollar we can use different options :


* Volatility Cones can be used to visualize current option implied volatility relative to historic volatilities at different maturity ranges.

* Historical volatility measures actual market fluctuations of an underlying asset. Implied volatility is a measure of market expectations regarding the underlying future fluctuations.
Published on
Tue, Jul 28 2009, 11:17 GMT
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