ETF CORNER

FXC : Canadian dollar upside down !

I have made a mistake in this video. The ETF I was talking about is not FXA, but FXC !

FXC : Potential double top for the Canadian Dollar ?

On the last post on FXC (Canadian Dollar) in late june, i was looking for a bounce around the $86 level (Click Here!)  Frankly I am amazed on how high that bounce went ! It has retraced all the way up ! Now FXC is at another critical junture. Either It halts its ascent right here around $92.5 and we have a double top in the making , or it breaks out !

FXC : Canadian Dollar

FXC : Short term bounce for the Canadian Dollar ?

FXC : Currencyshares canadian dollar.

FXC : Canadian dollar hit the wall of resistance !

I posted on May 8 th (Click here) that the $91 - $92 level on FXC (Canadian dollar ETF) would be a great shorting opportunity ! Look to what has happened to FXC this week as it reached $92.5 ! I go smacked ! Look at the reversal down to $89.2 .. and look at this volume on the downside !! The Canadian dollar is starting to top out and will see some distribution before it rolls over by the end of the summer and fall towards the $80 later this year. 

FXC : Canadian dollar