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markettech's Commentaries

Nov 6 2009

Did You Miss this Opportunity in the Currency Market?

by markettech
Overall Rating: Average rating is: 5 stars.

What's Next for the Loonie?

 

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Source: VantagePoint Intermarket Analysis Software

 To see more FREE recent market predictions for currencies go here!

 

  • The market decreased by 270 ticks
  • 270 ticks = $2,700 per contract (About 7 trading days)
  • When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
  • The Canadian dollar is the seventh most traded currency.
  • Oil prices greatly affect the Canadian dollar, as Canada is one of the world's largest oil producers.

 



Tags: market-news | currency | canadian-dollar | futures | currency-market-updates
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