Trade what you see, Not what you think.
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
DislikedAs long as oil continues to trade higher, that weighs on the dollar along with the budget problems in the U.S. and the reluctance for voting members of FOMC to agree on ending QE2, the USDCAD will likely see .94 before .97
Sorry for the run on sentence.
http://i53.tinypic.com/1o0v2o.png
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blog: http://thinkfirstblinksecond.comIgnored
DislikedFirst your chart is of which time frame I cannot understand. All other factors what you have mentioned is a passage of time.
I have posted the chart of H 1 and also try to notice the big pin before the move up in H1Ignored
DislikedIt is a 10year monthly chart.
So you're thinking it goes up? Good luck. That means you're dollar bullish and bearish on crude? Forget the fact that crude closed and highs and dollar completely fell apart. If you want to play contrarian go for it. While I believe the dollar could get a bounce because the govt didn't shut down over the weekend. As long as the FEDs cannot agree to stop QE2, the market will continue to believe we won't see rate hikes soon and would rather sell the dollar and use that money to get better yields somewhere which in...Ignored
DislikedAs I thought USDCAD reached the colored zone. Now I sell it for 0.9460Ignored
DislikedI have that area too, but it's on my daily chart...not H1. On the H1, it's just the daily R2 area.Ignored