Canadian Dollar gives fresh buy signal

Trading commodity futures and options involves substantial risk of loss and is not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

The Canadian Dollar, also known as the "loonie," rallied today (1/07) as the U.S. Dollar went higher as well. This move higher gave me a buy signal on the daily chart for the March loonie. Last week the Canadian dollar gave me a buy signal on the weekly chart and December gave a buy signal on the monthly chart. The loonie has been range bound for a while now. Unemployment numbers were positive for Canada and the U.S., which is Canada's largest trading partner, and that may be adding support. Call me for details and trade set-ups at (312) 277-0112. To review what I consider a "buy signal" watch my video Larry Baer's Traditional Trending Strategy: http://www.youtube.com/watch?v=iro7sFQRG5k SEE CHART Call me for details at (312) 277-0112 or toll free at 888-281-4161 or email: Lbaer@Zaner.com Visit my weblog: http://larrybaertrader.wordpress.com/ FREE subscription to my daily charts and set-ups newsletter: http://www.zaner.com/3.0/lbaer2.asp For intraday updates follow me on Twitter: @LarryBaerTrader

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.