Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Short term trading: ++USD/CAD, May 2012

Friday, 4 May 2012

Short term trading: ++USD/CAD, May 2012

 
++USD/CAD at 1.0065, stop-loss at 1.0010, target at 1.0075 or MOC. The market is above the 50 MA. Seasonal components are dollar supportive. There is a divergence between the price and the RSI indicator. Finally, speculators are massively short the US dollar/long the Canadian according to the COT report. A breakout the longer-term resistance line could lift the price higher.

The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed, neither the information presented nor any opinion expressed constitute a solicitation of the purchase or sale of any forex, futures or commodity product. Those individuals acting on this information are responsible for their own actions. Forex, futures and commodity trading may not be suitable for all recipients of this report. The risk of loss in trading forex, futures and options can be substantial. Each investor must consider whether this is a suitable investment. All recommendations are subject to change at any time. Past performance is not a guarantee of future results. Please Note: All performance figures and illustrations were obtained using historical back testing on a computer and are not the results of an actual account. No guarantee is inferred that future performance will be like the results shown. Futures, forex and options trading involve risk. There is a risk of loss in futures, forex and options trading.

No comments:

Post a Comment