Canadian Dollar

[checking]

As no one else appears to have anything left to say about $C, I'll answer Parsley's query.

I stay as far away from hoes as I can get!!

[gustgd]

from the newco news

US Dollar primed for collapse by end June: charts …
Analysis by Daryl Guppy
The dollar's recent strength has been explained by most market analysts as a result of the euro
weakness rather than any fundamental support for the greenback. In fact, a closer look at the dollar's
chart - particularly the dollar index - suggests the currency may be primed for a collapse.
The dramatic dollar index rise from $0.81 to $0.87 in recent weeks shows the chart's developed a
dramatic and possibly dangerous parabolic trend. This trend has four important features.
1﴿ The first is the way it captures an acceleration in behavior. The trend starts slowly and then gathers
speed, rapidly moving up with increasing volatility.
2﴿ The second feature is the shape of the curved parabolic trend rise. This is not a true parabolic curve
because as the trend accelerates the curve changes shape until it becomes vertical. It’s the vertical
section of the curve which is most useful because it provides a exact date when the trend will
inevitably collapse.
This type of trend line curve was first identified in
the 1930’s and it was mistakenly called a
parabolic curve. We continue to use the name, even
though it is not an accurate description. In the
1930’s this was a rare behavior. In the last
decade this curve has become increasingly
common as volatility has increased in modern
markets. This type of trend should not be
confused with the parabolic Stop and Reverse
indicator.
3﴿ The third feature of the parabolic trend line
centers on the candles that build the pattern.
Every day a new candle is added to the right of the
previous days candle. Eventually, and inevitably, a
candle will move to the right of the vertical section of the parabolic trend line and signal and end to
the trend. The trend has a final ending date that can be calculated in advance using the vertical section
of the trend line.
4﴿ The fourth feature of the parabolic trend line is the high probability of a very rapid collapse in the
trend. A good example is the parabolic trend in the oil market in 2008. When this trend collapsed the
price dropped from $145 to $90 in 13 weeks.
The dollar index suggests the greenback will continue to stengthen until the end of June, with a target
near $0.89-$0.91, before it collapses to a downside target of $0.81.
Daryl Guppy is a trader and author of Trend Trading, The 36 Strategies of the Chinese for Financial
Traders Pasted from www.cnbc.com/id/37349789

[parsley]

So, gusty, what's in your mattress other than CAN$?:

1.£
2.€
3.¥