FXstreet.com

Currency Speculations

This report has been deactivated

0

0

Latest Confirmations (part 1 of 2)

Sat, Oct 6 2007, 10:21 GMT
by Mihai Nichisoiu

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.


Archive

Mihai Nichisoiu  | Bucharest, Romania
http://www.mihainichisoiu.com | mihainichisoiu@gmail.com

Legal disclaimer and risk disclosure

Past performance is not necessarily indicative for future results. Opening, holding, and closing out positions in leveraged markets bear a terribly high risk of massive losses. This report is provided solely on an 'as-is' basis; no guarantees of any kind are involved whatsoever.


Interested in forex trading? forex brokerage firms!


ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
FXDD
Contact the broker/FDM
Open a demo account
City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account
MF Global FXA Securities Ltd.
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.