Loonie Round Up

Good evening ladies and gentlemen

I hope you all had a wonderful weekend. Here in London we were spoilt with lovely weather on BOTH days!! What a rarity! Not as rare as a dodgy penalty at Old Trafford though! Well done ref!! I hope you are all recharged and ready for another exciting week in the market.

So I just wana sum up what the Loonie has been doing on Friday and today! Price used the previous resistance to bounce back down over 350 pips on Thursday and Friday. Today's bar at the moment is a spinning top. There was bullish movement through the night before fighting back through the day at the opening whistle this morning.

As we already spotted last week there is a convergence on MACD and at the moment nicely poised at a 123786. However, with the RN in close proximity this is an entry that may need further thought for you swing traders. What are the other indicators .... well... indicating? Where is the VI?

I have also marked in possible S and R trend lines if price continues in the way it is! Could price be heading into a possible squeeze?




Normally I have a smaller time frame up to analyise in more detail the state of play for the day. However, today I am going to see if you can figure out how I made over 80pips from the opening whistle before being stopped out a few minutes ago (at the time of writing this). I have just checked and price has seriously rallied back to where we started this morning. What confluences did I look for? Regular readers should find this very easy!! I will confirm tomorrow!!

Alright Rich! Hope you had a good weekend! Sorry to hear about Southampton dude! All I get to say is "Trust your _____!!" But as you said, the positives is that your ____ was spot on!!!!

You riddle is easy as we have it up on our office wall!! It is "Go confidently in the direction of your dreams" and was said by Thoreau!

My riddle for today is "Keep your ____ closed, but your ___ and ____ open!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari