The Loonie is consolidating between 0.94 and 0.93 range and is ready to move up. Funds are over-exposed to the short side and a trade above 0.94340 could trigger a chain of buy orders. Targeting 0.9530 where we could have some retracement but planning to re-enter long if a new trend establishes.
Its assets are pipelines, and its revenues come from the fees it collects from moving energy through them.
Weekly Chart Massive AB=CD pattern combine with a possible double bottom and a price reaction ( hammer)
Solid strength and earnings growth... and a sweet upward trend. Waiting for open above $33
In this description i will give you a bit of the pros and cons of the fundamentals, as i always confirm my trades with fundamentals This symmetrical triangle is probably caused by investors tensions to HSBC next earnings report March and June earnings were 48.44 B in 2013 and March and June earnings of 2012 55.86 B the difference was pretty big. September 2012...
The Big Picture For some time the trend is moving Sideways, which gives us a great opportunity for predicting movement. Short term In the short term the price will fall down. Confirmation of drop value we found in a very characteristic shape Doji candle which was formed at the end of the day. For this reason, open the SELL orders. Sell Stop Orders: 1 Sell stop...
Entered short just now. The dollar seems getting stronger against all the major currencies. Price action shows a bounce back from the 20ema and the up-sloping median line that are acting as a resistance. This is in conjunction with an outside day. Pound is poised to move lower towards the lower parallel line. The monthly chart shows the big picture and where we...
Chinese leadership is under pressure. Hogs will continue a hard rally. They need to buy hogs in order to feed people leading up to potential unrest. The Chinese real estate bubble is about to burst.
GB:BOE Announcement September 5, 2013 07:00 ET and US:Jobless Claims September 5, 2013 08:30 ET. The chart pattern is suggesting a reversal. Price projection 1.5100.
The Aussie is losing momentum to the downside and building energy within a coil for a move up soon. I'm planning to enter at the market with a first target objective 0.9178 where we could have a limited retracement before the final brake-out to the upside. 0.96000 is the medium term target, Watch out for the RBA minutes on the 3rd of September 2013.