USD/CAD 17.12.2007

On Dec-18-2007 a candlestick formation confirmed a sell signal. A sell signal was also confirmed when this par below 1.0063 on Dec-18-2007. 4XGENIE Action: Sell this par at 1.0023 or better. Stop at 1.0311. Wave 3 could drop down to 0.9083 or to 0.8418. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! The CCI has crossed below 100. Look for falling prices soon.

Next Day Trading Ranges for Monday Dec 18, 2007

The 20 day moving average of the daily trading range is 0.0130 and the 60 day moving average of the daily trading range is 0.0124. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 78.43 percent. This means that if this security or future does not rise more than 0.0032 from the opening price then there is a 78.43 percent chance that this will be an downday.

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