Short Confluence

Good morning Dynamic Traders,

Those of you who are members will have received our email regarding a short last week which has given a little over 1000 points this morning.

Today I would like to take a look at the USDCAD which most of us know to be a favourite of Bijal's who incidentally is jet setting yet again so I thought I would fill in for this 130 business class flights per year dynamic trader.




Chart courtesy of Advanced Get. Data provided by eSignal.

The daily chart of the USDCAD recently had divergence while price retraced. The tag of the VI gave us the resistance reference we were partially expecting while creating a Doji like extreme.

You can check out the trends this afternoon on Anne's forex blog.

Good trading.

Javid Shaik
Forex Analyst