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Daily Archives: November 20, 2007

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Update on Forex Market Positions and key trend line on wedge pattern

Bank FlowBy Dustin PassNovember 20, 2007

USD/CAD Cad is struggling with .9860 level so we are keeping a close eye on it. New wedge pattern emerging and a break of the lower trend line currently .9760 could yeild .9500 so keep a look out for a break of the trend line of this wedge pattern. This would not negate the expected move to parity…

Live Forex Trade Call for November 21, 2007

CAD News DataBy Dustin PassNovember 20, 2007

LIVE ON THE NEWS TRADE OFFERS POTENTIAL OF 40-50 PIPS � On our last trade call this morning we were watching the Canadian CPI, looking for 0.2% in deviation.  This release came out with a deviation of 0.2%, so it met our safe trigger.  We had many traders report getting in this trade, with several…

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