Opportunities In Inverse Currencies
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 Dollar has begun to pull back from lows. This action suggests that there
could be buying opportunities in the inverse currencies. With that said, the
June Swiss Franc
(
SFM2 |
Quote |
Chart |
News |
PowerRating) and the June Euro
(
ECM2 |
Quote |
Chart |
News |
PowerRating) look like interesting
pullback from highs.
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Follow Up/Looking Ahead
The June Canadian Dollar
(
CDM2 |
Quote |
Chart |
News |
PowerRating) remains in a strong uptrend as of late.
It could set up on the next pullback.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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