Trade Alerts, Trend Reports and Opinions by FX Options
Canadian Dollar: the downside prevails.
January 24, 2011 at 12:49 am • Posted in Daily Trend Report
Canadian Dollar
| Pivot: 102.5 |
| Our Scenario: Short positions below 102.5 with targets @ 97 & 95.5 in extension. |
| Alternative Scenario: Above 102.5 look for further upside with 105 & 108.5 as targets. |
| Comment: the RSI is capped by a bearish trend line. |
| Option Strategy |
| Option ST |
-1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
102.5 |
| Resistance2 |
105 |
| Resistance3 |
108.5 |
| Support1 |
97 |
| Support2 |
95.5 |
| Support3 |
94 |
