Wednesday, October 17, 2012

Thoughts on Candian Dollar by @JimIuorio

Thoughts on Candian Dollar by @JimIuorioSocialTwist Tell-a-Friend


Our Euro Currency trade from yesterday continues to work and we would be inclined to leave it on.
 
We now turn our attention back to the Canadian Dollar as it appears ready to breakout of the consolidation pattern that has dominated over the last several weeks. If  December Canadian dollar trades above 102.35 we would initiate a long position and then add to that long if 102.55 is traded.
 
Our initial objective would be a retest of old highs around 103.50 at which point we would cover up to half of the position. Stop-out level would be a settle below 101.00.

Disclaimer and Terms of Service

© Copyright 1998-2018, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, 6840 Huntington Lakes Circle, Suite 201, Naples, FL 34119, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Anlaytics, LLC believes are reliable, but we can not and do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Hamzei Analytics, LLC or its principals may already have invested or may from time to time invest in securities or commodities that are recommended or otherwise covered on this website. Neither Hamzei Analytics, LLC nor its principals intend to disclose the extent of any current holdings or future transactions with respect to any particular security or commodity. You should consider this possibility before investing in any security or commodity based upon statements and information contained in any report, post, comment or recommendation you receive from us. The content on this site is provided as general information only and should not be taken as investment or trading advice. Any action that you take as a result of information, analysis, or conclusion on this site is ultimately your responsibility. Always consult your financial adviser(s) before making any investment or trading decisions.