Good day to everyone

Today marks the beginning of a new month and remember to be extra vigilant as it is April Fool's day

Good luck to all traders and ladies from Miss. Dukascopy for the month.

Update on the Cad/Jpy

1. Various traders were traded into the short yesterday with a "break" which never carried through;
2. Price normally breaks with a wide spread (engulfing) candle and the next candle should close below that as well.
3. Price has to break the two levels below: Resistance @ 96.469 and support @ 94.000,
4. Wait for the break and then the confirmation should be a candle closing above or below the break.

I will keep an eye on it for now.


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