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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Decorating the tree

Decorating the tree

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Thursday, June 16, 2011

USD/CAD...1.015, eh?...1.05, eh?...call me crazy...

If USD/CAD can clear and hold above 0.98, price may have a chance at eventually reaching 1.015...see IH&S formation on Daily chart below...so far the 50sma (red) is holding as near-term support after generally acting as resistance since April 2009...on a longer look ahead, price swirled around 1.05 from October 2009 until September 2010 when it finally started a decline to a low of 0.94446 in May 2011 (see second chart below)...perhaps price will somehow find its way back to that level...yeah, and maybe the Vancouver Canucks will win the Stanley Cup next year!...I can say this because I'm a Canadian, eh...:



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