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Current price 1.4827 Sell Zone on EUR/USD is 1.4827 up to 1.4855. Enter with small leverage if this is a new position for you. If you are building a position and have prior entries you may want to give a little time in this range to prove that it is not going to continue on…
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 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…
OUR NEXT LIVE ON THE NEWS TRADE CALL Tomorrow we will have an opportunity to trade when the Canadian CPI report will be released at 7:00 am EST. We will be focusing on the CAD Core CPI (YoY), which will be Row 1 on the RSS. The expectation for this report is 2.0%. We will…
This week could be an interesting week for the markets. I believe it will yield a good opportunity for the dollar. If you remember last year at thanksgiving it was the eur that broke the 1.30 level and ran up to 1.33 and then never looked back from a yearly stand point. I believe we…
current price .9717 current time 12:45 pm eastern Cad is making a strong retracement after a very good move up off of the 9500 level to .9885. In order for the market to continue to go up it needs to make corrections from time to time by retracing. I expect .9700 will hold from a…
WEEKLY RECAP I would like to recap the trades for this week and let you know of the upcoming trades we will have next week. We had two LOTN trades this week: 11/13 – UK CPI – No trade 11/14 – US Retail Sales – No trade 11/15 – UK Retail Sales – No trade…
LIVE TRADE CALLS RECAP In our last trade call, we had a couple of different releases that we focused on this morning. The first was the UK Retail Sales report, and the second was the US CPI report. The UK Retail Sales was expected at 0.2%. We were looking to sell the GBPUSD if…
LIVE FOREX TRADE CALL RECAP This morning we were watching the US Retail Sales report. Our focus was on the Retail Sales less Autos figure, and we were looking to trade if there was a deviation of 0.5% or more than the expected number. The actual number came out with no deviation, so we did…
LIVE TRADE CALL RECAP This morning we were trading the CPI report out of the UK. There were three components we were watching, but the main component was the yearly EU Harmonized number. Secondly we had the yearly core number, followed by the monthly number. Our plan was to go long on the GBPUSD if…
We finally saw a correction on the Cad which allowed us to remove our hedge with decent profits. At this point we are unhedged and completely net long on the USD/CAD (9607). Still targeting 1.05 long term and 1.00 medium term.
UPDATE ON CAD, EUR AND CHF I would like to give you a recap before we get into tomorrow’s Forex trade call. As you know, we have been watching the USDCAD and have been for some time now. We were expecting a reversal and we have seen that reversal occur down at 0.9060 and are…