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.

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