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Latest Confirmations (part 1 of 2)
Sat, Oct 6 2007, 10:21 GMT
by Mihai Nichisoiu
On Thursday - only one day before the latest Canadian and US labor market releases - I wrote here on FXstreet.com:
<I continue to perceive the bearish pressures on the US Dollar against the Canadian Dollar to be considerable - and thus far the price action has well confirmed my previous expectations.
That is to say, I still don't recognize a notable point of price inflection to have already occured in the USD/CAD. Nonetheless, I think the eventual appearance of such an inflection may create a trading opportunity of remarkable reward / risk characteristics.
The above pretty much reinforces my notes published here on FXstreet.com a couple of weeks ago.>
Between its yesterday's high and low, the USD/CAD sank for about 200 pips.
Since September 13th - when I decisively turned outright bearish - the pair went down for more than 500 pips.
And as of now, I still lack the perception of a notable point of price inflection in the USD/CAD.
Published on Sat, Oct 6 2007, 10:24 GMT
Archive
- September 15, 2008
Published On Mon, Sep 15 2008, 14:16 GMT - September 11, 2008
Published On Thu, Sep 11 2008, 09:18 GMT - September 8, 2008
Published On Mon, Sep 8 2008, 14:59 GMT - September 2, 2008
Published On Tue, Sep 2 2008, 11:46 GMT - August 28, 2008
Published On Thu, Aug 28 2008, 21:39 GMT
Mihai Nichisoiu
| Bucharest, Romania
http://www.mihainichisoiu.com | mihainichisoiu@gmail.com
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