Canadian Dollar Setting Up
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 June Canadian Dollar
(
CDM2 |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to
resume its uptrend out of a pullback.
Looking Ahead
The Dollar finally was able to bounce a bit. We could see setups in the
inverse currencies if it continues to pull back.
July cotton
(
CTN2 |
Quote |
Chart |
News |
PowerRating) is consolidating at lower levels and could set up on
the short side soon.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!