5 out of 6 of the DailyFX Plus Trading Signals are pointing towards short positions.
Range 2, Momentum 1 and Momentum 2 are giving instructions not to enter now, but Breakout 2 and Breakout 1 have green lights. The 1.02 may be tough to break, but below that could see a test of parity again. Here are the support levels Jamie Saettele is looking at:
Read More: http://www.dailyfx.com/technical_analysis/elliott_wave/
http://img94.imageshack.us/img94/1940/usdcadsignals.png
Range 2, Momentum 1 and Momentum 2 are giving instructions not to enter now, but Breakout 2 and Breakout 1 have green lights. The 1.02 may be tough to break, but below that could see a test of parity again. Here are the support levels Jamie Saettele is looking at:
http://www.dailyfx.com/export/story-...1727798561.gif
Read More: http://www.dailyfx.com/technical_analysis/elliott_wave/