Tuesday, January 15, 2013

Update on Canadian Dollar by @JimIuorio

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

Attached is a daily chart of March Canadian Dollar.  We maintain a bullish bias throughout recent consolidation. 

The story about Germany's repatriation of gold should definitely be viewed as a "safe haven" story as banks are becoming less confident in fiat currencies.  Although the initial reaction is negative on all,  
non-dollar currencies, we believe that further analysis will seperate good currencies from bad. 

Canadian Dollar is a good currency by comparison.  We will remain long until market       
settles below 101.00.  We will increase bullish bias on a move above 101.60 with an objective of 102.15.

Good trading,

Disclaimer and Terms of Service

© Copyright 1998-2023, Hamzei Analytics, LLC. Hamzei Financial Network is published by Hamzei Analytics, LLC, Naples, FL 34112, Admin@HamzeiAnalytics.com (310) 306-1200. The information herein was obtained from sources which Hamzei Analytics, 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.