Loonie Looking Looking.... Long!!!

Good evening ladies and gentlemen

I hope you all had a wondeful weekend and are fully recharged for an exciting week in the market. I have to apologise for not putting up an update on Friday. I had a hospital appointment, and as expected was in for a fair bit of time. And as I anticipated, my worst fear was realised!! Are you ready for this!! Please be seated!! Yes you guessed it!! I won't be playing football (or soccer depending where you are!!) for quite a while. I have ripped muscles in my thigh!! But like all retired pros I have taken up.... yes you guessed correct again..... GOLF!! And my swing is coming along mightily fine!!

So lets have a look at what our girl for last week, the Loonie, ended up doing at the end of last week and more importantly how it affected/influenced today's move! And what a move it was today, moving up well over 200 pips!!

Price at the end of play on Friday ended up doing a spinning top, using the RN as a support! As mentioned last week, both MACD and Stochastics were looking interesting! Price was converging on MACD and Sochastics was OS with the signal lines crossing over! At the time of writing this RSI had just touched the midline and Stochastics was still OS!! So could this be of any significance? All in all a lot of interesting signs were on display to keep this currency on your watchlist! And you would not have been disappointed today if you queued up in the SM line and purchased your ticket for the ride!





So as per usual let's have a look at today's play in closer detail! Below is the 1 hour chart. Just before the opening whistle, price had been diverging, with the added confluence of a DT and a reversal candlestick! Some may have chosen to go short but would have got stopped out! However, price shot straight through the R line and the value index, using the VI as a support to fire up!! The SM would have used the treasured ESLT to maxium affect and managed accordingly!




Alright Rich. Your wing man is a little crocked but back and ready for action! Hope you had a top weekend mate! Wicked update on the CHF last week! I say stay with it for this week but of course your call!!

So the answer to your riddle is "Success is a journey, not a destination!" Top Top riddle sir!!

My riddle for today is "All the _____ of all the _____ are in the seeds of ____!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari