Reply #56: Loonie Watch [View All]

[TrogL]

http://members.shaw.ca/trogl/looniewatch.html

Highlights.



http://www.x-rates.com/d/USD/CAD/data30.html

Detailed analysis (http://quotes.ino.com/chart/?s=CME_CDT4&v=s)


2004-11-01 Monday, November 1 0.817728 USD
2004-11-02 Tuesday, November 2 0.815461 USD
2004-11-03 Wednesday, November 3 0.825014 USD
2004-11-04 Thursday, November 4 0.829669 USD
2004-11-05 Friday, November 5 0.834655 USD
2004-11-08 Monday, November 8 0.838574 USD
2004-11-09 Tuesday, November 9 0.83682 USD
2004-11-10 Wednesday, November 10 0.834934 USD
2004-11-12 Friday, November 12 0.838997 USD
2004-11-15 Monday, November 15 0.831117 USD
2004-11-16 Tuesday, November 16 0.838082 USD
2004-11-17 Wednesday, November 17 0.838574 USD
2004-11-18 Thursday, November 18 0.8285 USD
2004-11-19 Friday, November 19 0.838364 USD
2004-11-23 Tuesday, November 23 0.842815 USD
2004-11-24 Wednesday, November 24 0.846525 USD
2004-11-26 Friday, November 26 0.849257 USD
2004-11-29 Monday, November 29 0.844167 USD
2004-11-30 Tuesday, November 30 0.840195 USD




Looks like the loonie's peaked at least for the moment. It's having a nowhere day today. The only news of note is that Dubya's in town (along with a lot of protestors).

Here's the blather.

The December Canadian Dollar was slightly lower overnight due to spillover selling following Monday's decline as it consolidates above the 10-day moving average crossing at .8421. Stochastics and the RSI are diverging and have turned bearish hinting that a short-term top might be in or is near. If December continues this fall's rally, monthly resistance crossing at .8595 is the next upside target. Closes below the 20-day moving average crossing at .8380 would signal that a short-term top has been posted. Overnight action sets the stage for a steady to weaker tone in early-day session trading.