UPDATE- Usd/Cad
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Maybe this will stabilize next week ?......
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Maybe this will stabilize next week ?......
(False) Breakout & Trend Reversal Strategies?? 12 replies
Trend Reversal Confirmed? 0 replies
POLL- Trend Reversal or Retracement 0 replies
Are we close to TREND REVERSAL? 5 replies
DislikedA simple channel was there all along .......
- all we had to do was watch with way price would break .....Ignored
DislikedYou have some balls to go long on usd/cad given the fact that the numbers this morning were good and an interest rate statement is due next week.Ignored
DislikedThese guys have been trying to go long on this thing since it was back at 1.11. Should be no surprise really.Ignored
DislikedLOL, had heads handed to them before now shy. Timing is everythingIgnored
DislikedLOL Timing is everything, although I don't think the time is right on this one yet. Although you may get a small retracement.
Personally I think you guys spend to much time on 10 min and 15 min charts for a trend that has been going on for almost 4 months. If you look at a day chart with just a simple 10 & 20 EMA the last time they crossed was March 21. To me anyway that should tell you something.Ignored
DislikedMore like 5 years, without more than maybe 10% retracement Would have made a great stock pick....Ignored
Dislikedespecially if oil continues to go up. Remember the US gets more oil from Canada than any other country. Oils up to $72 today. That is probably driving alot of todays action..Ignored
DislikedI am kind of new at this but I would like to know something. Like this case for example, the U.S gets a lot of it's oil from Canada, but it is my understanding that all the Oil in the world is payed for in U.S Dollars, so that factor should drive the dollar up because of the larger demand, no ? Which factor is "stronger" ? Even though the word isn't appropriate.
This is a key thing I need to understand in market fundementals, which side of the equation is the one to take ? For instance, I run this in my mind :
FED raises interest rates, this leads to :
Decreased dollar supply and liquidity in the market because a rising rate means that people and businesses would take less loans from the banks and deposit more money. So the decreased supply drives the price up
Is that correct ?Ignored
DislikedI believe you are right about oil being paid in US dollars.
This is how I look at it. Anyone correct my mistakes please.Ignored
Dislikedus is the biggest trading partner of canada, and most canadian product export to us. i think a strong loonie will hurt canadian economy. will fed or boc will do something?Ignored
Dislikedgents, tomorrow is the interest rate statement.
market expect 4.50%.
Can someone give me some pointer what will be your expectation?
if 4.50, Long or Short?
if unchanged, long or short?
I never tried CAD $ before, hope it is not like GU, such a sissy, last week, when rate increase,it move 45 pips and revert back -25 from previous closing.Ignored
DislikedA rate increase will probably find buying, unchanged wil probably find buying, sorry for bias opinionIgnored