Comments on: Ooh, It’s the Canadian Dollar Time http://nobsforex.net/2007/12/07/ooh-its-the-canadian-dollar-time/ A part of the nobs network Wed, 20 Aug 2008 18:53:40 +0000 http://wordpress.org/?v=2.2.2 By: Dan http://nobsforex.net/2007/12/07/ooh-its-the-canadian-dollar-time/#comment-1753 Dan Fri, 07 Dec 2007 09:40:00 +0000 http://nobsforex.net/2007/12/07/ooh-its-the-canadian-dollar-time/#comment-1753 Hey Jude, About your USD/CAD Technical chart. "MACD says there's room for the downtrend". Notice that MACD is still positive and price is still above 200 SMA/EMA. For a short signal we need to see a negative MACD on the smaller time-frames. If you want more accuracy, wait for the second round of signals, which is price dropping below 200 SMA/EMA on 30m, 1h charts. Regards, Dan Hey Jude,

About your USD/CAD Technical chart.
“MACD says there’s room for the downtrend”.

Notice that MACD is still positive and price is still above 200 SMA/EMA.

For a short signal we need to see a negative MACD on the smaller time-frames. If you want more accuracy, wait for the second round of signals, which is price dropping below 200 SMA/EMA on 30m, 1h charts.

Regards,
Dan

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