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Hello Dynamic Traders,

I have been away due to commitments since the beginning of the week and today getting back into the marlets.

The USDCAD is creeping below the big figure which could be traders remorse and price over shooting the mark temporarily or it could be a sustained down trend offering a continuation to the 0.9000 region. The two legged extension shows support at 1.618 and 1.0000 so it will be interesting to see what this pair decides to do. Either way, this will be worthwhile for members adding this to the watchlist and waiting for a set up using our trading tools and strategies.

USDSGD has taken a big hit today and dropped 160 pips at the time of this update and also overshot the support level but the day has not ended so watch this for a reversal. The head and shoulders formation discussed previously on the members trading room webinars provided a set up for a short trade which I know some pattern traders will have enjoyed due to the clarity of this.

I would like all members to read this mornings update and ensure you follow the points mentioned if you have not already done so.

Good dynamic trading.


Javid Shaik
Dynamic Trader