Trade Alerts, Trend Reports and Opinions by FX Options
Canadian Dollar: technical rebound in a bearish trend.
September 1, 2011 at 10:50 pm • Posted in Daily Trend Report
Canadian Dollar
| Pivot: 95.75 |
| Our Scenario: Long positions above 95.75 with targets @ 101.5 & 103.5 in extension. |
| Alternative Scenario: Below 95.75 look for further downside with 94.1 & 93 as targets. |
| Comment: the RSI has broken above a declining trend line, the pair is approaching its next resistance. |
| Option Strategy |
| Option ST |
0 |
| Delta ST |
0 |
| opinion MT |
-1 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
101.5 |
| Resistance2 |
103.5 |
| Resistance3 |
105.95 |
| Support1 |
95.75 |
| Support2 |
94.1 |
| Support3 |
93 |
