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6-28-08 6:28a GMT – Shorts remain my favorites for the USD/CAD pair as it traces down from its 1.03 monthly high to its range bottom. Concerns are a possible bullish divergence in the 4 hour RSI charts. Trading Idea: In the short to mid-term shorts at 1.0125 should hold for a test of 1.0080 and 1.0025. If [...] 6-27-08 15:48 GMT – EUR/USD looks poised to make more gains, though I expect a slight dip to shake off the oversold levels on the houries and make room for another rally. Trading Idea: Look for support to hold around 1.5675 and enter long on a bullish reversal candlestick. If support is broken with no signal look [...] |
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