Today, we are focusing on the Canadian dollar, fondly called the loonie
by some enthusiasts (of which I am not one). They could have done
better when they picked that name. But, what do you expect from politicians
anyway? Every country has its share of them (the not so good ones, that
is, eh).

Anyway, the weekly and daily charts are clearly displaying what looks
to me like a 1-2-3 bottoming-out pattern. And, the 200 EMA on the hourly
and 15 minute charts is clearly trending up. Up she goes.

So, guess what folks? Buy the xxxx in the xxxxxxx. Yes, you heard it
right. Buy the dips in the uptrend. Wait for weakness, and then go for
it.

The challenge for most of you will be the waiting game. Most of you are
impatient, and want it all now. We can thank McDonald’s for that
culture. But, wait you must. Wait for ironclad set-ups, and a confluence of
events to take you in. In other words, do what everybody else isn’t.
When they’re selling, you should be buying – using good ole fashion TA
(technical analayis). That’s my sermon for the day.