Clive Lambert - FuturesTechs
Clive Lambert is looking to short AUDUSD at 0.7677 with a stop above 0.7700. His targets are 0.7510 and 0.7440, the latter being the mid-September low/bounce.
Day trade
Trade view / 28 July 2016 at 6:00 GMT

USDCAD's sharp reversal to deepen

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom

USDCAD remained near the top of a positive Keltner channel for the bulk of yesterday. But in volatile late trading a move to the highest levels since March stalled, and reversed, outside the top of the channel and short of the 200-day moving average.

The resulting setback took prices back to unchanged levels but although the market stalled at Monday’s Marabuzo line. 

Management and risk description

A move to 1.3110 means the stop can be lowered to break even.


Entry: Sell in 1.3135/40 area and any rally to 1.3175.

Stop: 1.3214 bid.

Target: 1.3110, 1.3088 and 1.3056.

Time horizon: Intraday, ending London 4pm

Upside rejected:
Upside Rejected
Source: CQG
Selling deepens:
Selling Deepens
Source: CQG
Long Term

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Source: CQG

— Edited by Adam Courtenay

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Non-independent investment research disclaimer applies. Read more
28 July
Michael S. McKenna Michael S. McKenna
Hi Alan, does this model take into account WTI crude price action given the longstanding CAD correlation?
28 July
AlanCollins AlanCollins
Hi Michael. This is not a model. Just my interpretation of technical signals.
28 July
AlanCollins AlanCollins
with 1.3110 met, the stop can be lowered to break even and the sell raly strategy cancelled


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