Canadian Dollar Bottoming
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
The December Canadian Dollar
(
CDZ1 |
Quote |
Chart |
News |
PowerRating) appears to have formed a low-level
cup and handle. This action suggests that it could make another thrust higher.

Follow Up
The March 10-year Notes
(
TYH2 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, continued to implode on Friday. Again, if you are blessed with a
profit on such a parabolic move, make sure you lock at least a piece.

The December yen
(
JYZ1 |
Quote |
Chart |
News |
PowerRating), also mentioned
recently, has been grinding lower over the past week or so. If you have profits
here, you might want to lock in a piece.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>