Friday, June 15, 2007
Canadian Dollar Cycle
Back in March I was bullish on the Canadian dollar based on the cycle you see in the above chart. That cyclical low turned out to be a huge buying opportunity.
The next cycle low for the C-Dollar is due in January 2008. This is a very good cycle to keep track of and maybe if we're lucky there will be another big trade for us to take advantage of. Notice how accurate this cycle has been and how this currency tends to rally every 10 months.
The reason why I am posting this chart now is because a few of you wanted to know what my thoughts were on the Canadian Dollar. I really don't see much to do with this currency at the moment but maybe in December or January will have a low risk high reward trade set up for us.