Homepage | Overview | Markets in Detail | Company Finances | Investing Ideas | Personal Finance | Press Releases | Member Center
Hot Keywords
current page:home>Markets in Detail>Currencies>Article

Canadian Dollar Correcting

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
Commentary:  We wrote Friday that “it looks like the USDCAD will extend above .9800.  A pullback is expected soon though.  The form of that pullback will alert us as to whether or not the USDCAD has put in a multi-month bottom or is headed lower.” 

After reaching .9886 on Friday, the USDCAD has pulled back a bit, but a deeper correction is expected.  The decline and consolidation is likely waves a and b within an a-b-c decline.  The support zone should be strong at .9372/.9510

Strategy: Get long near .9372/.9510, against .9055, target much higher

User:New Register) Password: Anonymity
Commentary Content
New Commentary
Hot ArticleHot Article
Correlation ArticleCorrelation Article
More LinkMore Link
站长推荐: |