The Sep'09 Canadian Dollar contract took a tumble and will need to sustain a trade below the 9090 support Inflection Pivot if the negative signal is going to follow through. If so expectation are for further losses targeting 8962 and 8910 on the move. 8671 is the current extreme.
A held trade above 9090 and the currency remains stuck in a difficult digestive trade up to 9210. FADE the initial challenge a fall back into a narrow sideways trade is the outlook. Only above 9210 are the buyers back at it targeting 9366.
JS
This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
A held trade above 9090 and the currency remains stuck in a difficult digestive trade up to 9210. FADE the initial challenge a fall back into a narrow sideways trade is the outlook. Only above 9210 are the buyers back at it targeting 9366.
JS
This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
