CAPTAIN EWAVE INTRADAY NOTES:
CBONE (CANADIAN DOLLAR):
We had provided a long term CD$ EWave Analysis some time ago, and in that analysis we indicated that the CD$ was very close to completing wave B of a multi-year ABC drop, going from 1.10 to the current lows.
We believe that that drop is now over and we have decided to go long the CD$ futures, risking to this week’s low. We are risking to 1.4180, on the Cash market!!
Wave ^iii^ may not be over… could be extending now to 1148ish area.
If we hold the 1097.40 support, then I suspect we will get our extension!