What’s Up, What’s Down: Canadian Dollar Looking Toppy

Comments for Tuesday, April 27, 2010

Looking Ahead to Today by Reflecting Back at Monday’s Price Action


Higher for the British Pound, Aussie Dollar and dollar index while lower for the Euro Fx, Swiss Franc, Japanese Yen and Canadian Dollar. The trends continue to be lower overall for the euro, franc and yen with the franc in a support area and the euro along with the yen at key areas to hold. The Canadian Dollar looks a little toppy but is still in an uptrend overall. The pound and Aussie Dollar look like they’re in BULL TRIANGLES still looking higher also. The dollar continues to be in an uptrend also although the action has been very choppy for a while. BUY SIGNALS FOR THE CANADIAN AND AUSSIE DOLLAR ALONG WITH THE BRITISH POUND AND DOLLAR INDEX. CALL FOR DETAILS!

Swiss Franc Chart

Canadian Dollar Chart

British Pound Chart

Stock index futures: 4/27/10: (Consumer Confidence report released today;. FOMC Meeting begins). Higher for the cash and DOW futures while lower for the S&P’s along with the Nasdaq although all of the indices settled near unchanged. The cash made a new recent high and close while the DOW futures made a new CONTRACT HIGH AND CLOSE. The S&P’s made new CONTRACT HIGHS before settling lower in reversal type action. All of the indices continue to be in strong uptrends overall.

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Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. If you would like a free booklet explaining the charts mentioned above, email Rick at ralexander@zaner.com.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.

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