USD/CAD Daily Video, July 10, 2014

[Sive Morten]

Good morning,

CAD has failed to form B&B "Sell", but all the better - now we could get DRPO "Buy":





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[adman]

Question for Sive: In your July 10 analysis of USD/CAD, you say, "CAD has failed to form B&B "Sell", but all the better - now we could get DRPO "Buy". Is it correct that the DRPO 'Buy' you refer to is a buy of the USD (sell or short the CAD dollar)?

 

[Sive Morten]

Question for Sive: In your July 10 analysis of USD/CAD, you say, "CAD has failed to form B&B "Sell", but all the better - now we could get DRPO "Buy". Is it correct that the DRPO 'Buy' you refer to is a buy of the USD (sell or short the CAD dollar)?

Hi Adman,
"Buy" means that this pattern suggests taking long poistion at USD/CAD and yes - USD growth.