30 March 2010

USD/CAD : Squeeze Over and Downtrend Resumption

  • Monthly and Weekly : Negative.
  • Daily : Short squeeze from 1.0059 up to 1.0302 seems to be it now. In process of turning back down and resuming downtrend.
  • Increased short USD/CAD position at 1.0194.
  • [Patiently waiting for same kind of price action in GBP/USD daily chart before further action]

2 comments:

Gonzo said...

Typo? Shouldn't it be 1.0194?

Taichiseal said...

Yes indeed. Sorry. Amended now.