CANADIAN DOLLAR MAKES ANOTHER NEW CONTRACT HIGH. NEW BUY SIGNAL FOR THE POUND

CURRENCIES: 03/18/10 Higher closes yesterday for the Canadian Dollar, Swiss Franc , British Pound, Japanese Yen, and Aussie Dollar while lower for the Euro Fx and dollar index. The euro continues to be in a possible bottom formation just missing a buy signal again while the franc had already given me a buy signal last Friday and has continued to move higher since then.The yen settled higher again but is still neutral at this time. The Canadian Dollar made another new CONTRACT HIGH AND CLOSE which says it all for this currency. The Aussie Dollar also settled higher again with its highest high and close since January 14th. The pound closed higher again this time giving me a BUY SIGNAL. The dollar had its lowest low and close since February 3rd giving me a SELL SIGNAL this time off of a rounding top formation which I've found not to be very reliable over the years. BUY SIGNALS FOR THE CANADIAN AND AUSSIE DOLLAR AND DOLLAR INDEX. SELL SIGNALS FOR THE EURO FX, SWISS FRANC AND BRITISH POUND. CALL FOR DETAILS!

Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors