FOREX Trade Alert for – Symbol = USD/CAD.

Forex Trade Alert for Tuesday Jan.06, 2009.

Market is holding above the 1.1663 level. 4xgenie Action: ==> Sell USD/CAD at 1.1818. Stop at 1.2415. Elloitt Wave 4 could drop down to 1.1663 or 1.1481. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending.

Monthly Pivots.

The [R3] or the most extreme high trading range is 1.4041.

The [R2] or the extreme high trading range is 1.3524.

The [R1] or the high trading range is 1.2852.

The [P] or pivot point is 1.2335.

The [S1] or the low trading range is 1.1663.

The [S2] or the extreme low trading range is 1.1146.

The [S3] or the most extreme low trading range is 1.0474.

Current Day Trading Session:
Momentum is continuing downward at the present time.

FOREXGENIE

Tags: japan currency, forex trade, foreign exchange trading, german currency, currency converters, united states currency, forex alert

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