I hate to date myself here but as a young man I was very fond of the video game duck hunt- a “classic” shooting game for the first version of Nintendo. Just as those birds fell from the sky I think the Loonie short term is headed south. Most followers are aware I have been […]
After starting 2013 with a 5% slide the Canadian dollar has found its footing. It’s up 1.5% in recent weeks and, as I’m writing, we’re trading above the 34-EMA for the first time since early February. Adding further confirmation to my bullish bias, prices have broken above the down sloping trend line that had previously […]
The March Canadian dollar futures at the Chicago Mercantile Exchange last week hit a fresh contract low of .8452. This week, the market has been in a “pause” mode–meaning quieter trading activity after the fresh low was established. This pause is not a bullish technical signal and does suggest that a downside “breakout” from this […]
