Friday, December 14, 2012

Daily Update on Canadian Dollar by @JimIuorio

Daily Update on Canadian Dollar by @JimIuorioSocialTwist Tell-a-Friend

Attached is a 30 day chart of December Canadian Dollar.

Our current long bias remains in tact having missed our stop out level by 2 ticks on yesterdays close.

We will maintain our long bias with a stop out level below 101.40 on a closing basis.

On a trade above 101.78 we will increase our longs today.

The fundamental argument for Canadian Dollar has several different layers.  China's strong numbers may have a positive effect on commodities and commodity currencies.  Market may be looking for acceptable safe havens as Japan approaches an important election that will have enormous impact on the yen.

Have a great day,
JimIuorio

Disclaimer and Terms of Service

© Copyright 1998-2014, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, 11 N Green Street, Suite 4C, Chicago, IL 60607, 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.