The big boys hunting for stops.....
Lost....
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
USD/JPY - USD/CAD any thoughts? 4 replies
CAD export / USD/CAD price 3 replies
DislikedActually looks like a H/S formation at this point. My ultimate TP is 1.2930ish. {image}Ignored
DislikedReally diving now. It seems to be going the wrong way as oil and gold are falling. I think I may pick up a little (.1 or .2) for a play that the commodity news eventually cools this off and stabilizes. {image}Ignored
DislikedLooking at the current exchange rate for USDCAD it appears to me it would be smart to buy USD using CAD since the USD is the stronger currency, It appears the general market sentiment is strong USD not sure about cad though it does appear to be weaker then the USD.Ignored
Disliked{quote} You have a point but it's not that easy. It would be too easy. In my view I see a stronger CAD and I will try to buy it against USD until 1.3025 if nothing changes, but of course anything can happen to change my mind. It's only my opinionIgnored
Disliked{quote} What is your reasoning for stronger CAD, Also. Why, Do you think its not that easy if you are buying you would want to end up with a currency strong enough to appreciate which is clearly the USD which you can tell by looking at the exchange rate.Ignored
DislikedI would say to NOT focus too much on the fundamentals but on the technical. It's true that CAD is poised to strengthen in the short/middle term but watch out for those daily stop hunters which makes this pair very volatile in the coming weeks. My TP1 is at 1.3030, TP2 at 1.2930.Ignored
Disliked{quote} Well, for your reason I go against USD only with CAD, rarely with NZD or AUD. I see a stronger CAD for fundamentals (moreover I think Oil will go up in the next days/weeks) plus technical reasons to let me think to short USD/CAD at least until 1.3025 (if nothing in the next days happens to change my perspective). But I repeat, it's only my opinion. Anyway I say that it's not that easy because in this case everyone would do it easily and everyone will be super richIgnored
Disliked{quote} Why would you not want to focus on fundamentals ins't that primarily the way to tell which currencies are doing good and bad I feel like so many times I've taken a relatively technical approach and price did nothing close to how I marked up my charts or what I was thinking was going to happen. Edit: I have a tp around 1.38545Ignored