Recent content by maties

The daily dollar index gap is at 89.50. Will the dollar index find support at 85.5/84.5? If not then the dollar index is targeting the previous low of end2004/jan2005? The euro long contracts/short dollar is very high at this point. Could indicate a reversal or pullback.

The weekly dollar index shows that the index may find support at the previous low at 85.50. If not then the only support left is the last fib support and the previous shoulder of the SHS formation that could be formed.

The Monthly Shows a possible SHS formation if the "first" shoulder support is holding at 84.50/85.50. The fib resistance lines indicate that the dollar index stop against the second line. it may find support against the first one and the 85.50 level.

The monthly shows some divergence on the RSI. The weekly divergence as indicated in the chart (weekly). Price vs Slow stochs & RSI. Oct 2004/Sep2005/April2006

From the Long term EW count it looks as if the CAD is close to the bottom (Unless the count is not correct. The 3rd wave was simple and therefore I believe the 5th wave count could be a complicated move. At this point is look like 3 or 5 smaller waves. Any other specialist in EW count with...

The CAD has closed the week on the lowest leel since July 1978 (28 years ago) If the CAD do not retrace back to the 1.1225 level within the next two sessions the CAD is targeting lows at 1.0182 (1 Jan 1977) I do not know if the Canadian economy can withstand these levels against the...

What fundamentally suports the euro against the dollar? It could not be interest rates. For every $10bil I leave in a US bank will provde me with $259mil more in one year than in the EU Bank. The deficit is also not caused by EURO but by China and Japan. Euro growth rates is also mush smaller...

The CAD has potentially the best risk reward ratio for the long term. CAD Price History below 1.1225 27 April 2006 Low = 1.1214 (Lowest Price in 28 Years) December 1991 Low = 1.1225 (15 years ago) Previously below 1.1225 = July 1978 (28 Years ago) Long with Stop on Weekly Close below...