Boris and Kathy's FX Blog www.bktraderfx.com
12/19/2006
Today's Email Alerts:
Alert # 1 Selling USD/CAD
We are looking to short USD/CAD today, as it looks good from multiple time frames. Oil prices have reversed this morning's drop as weather here in NY begins to fall from the 50s down to the low 40s. Technically, we are seeing a turn on the daily charts below our favored first standard deviation bollinger band. On the hourly charts, we have confirmation of a short term trend reversal with prices below the 200-hour SMA.
Therefore we are looking to short USD/CAD at market (it is currently trading at 1.1523), with a stop at 1.1553. Our first target is 1.1503, second target is 1.1435.
Alert # 1 Selling USD/CAD
We are looking to short USD/CAD today, as it looks good from multiple time frames. Oil prices have reversed this morning's drop as weather here in NY begins to fall from the 50s down to the low 40s. Technically, we are seeing a turn on the daily charts below our favored first standard deviation bollinger band. On the hourly charts, we have confirmation of a short term trend reversal with prices below the 200-hour SMA.
Therefore we are looking to short USD/CAD at market (it is currently trading at 1.1523), with a stop at 1.1553. Our first target is 1.1503, second target is 1.1435.
posted by BKTrader # 12/19/2006 06:45:00 PM 
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