Menu
Sister Sites

  • USD/CAD Pulling Back; Key Technical Levels and Outlook

    From forexminute.com

    The USD/CAD as been rallying sharply since July in 2014, and has actually picked up steam in January of 2015. The market continues to fade the CAD after the BoC’s surprise rate cut a few weeks back. From the central bank standpoint, the FOMC is still projecting a mid-2015 rate hike, while the BoC just recently cut rates, and has lowered its economic projection. This supports further upside in the USD/CAD. In the short-term however, we are finally seeing some resistance as the pair tags 1.2798. This week, after a failed attempt to threaten the 1.2798 high again, price is starting to retreat. In the 4H chart, we can ... (full story)

USDCAD long term short scotia bank
All posts are my personal opinion
  •  Guest
  • | IP XXX.XX.60.2
1.25 is good level to buy , it should move 1.300
  •  Guest
  • | IP XX.XXX.32.47
Usdcad stiil is way overvalued. Baswd on billateral balance of payments and on government debt diffrential, the fair value is around 1.10... About 6 standard deviations lower than where is now. So i shorting usdcad as one of the best trading opportunities of the last 6 years.
Quoting Guest
Usdcad stiil is way overvalued. Baswd on billateral balance of payments and on government debt diffrential, the fair value is around 1.10... About 6 standard deviations lower than where is now. So i shorting usdcad as one of the best trading opportunities of the last 6 years.

funny boy

target is 1,30xx and don't forget last weeks rate cut and -0,2% GDP "growth"

CAD is overvalued, but the reason why USD fall againts the majors is the first estimated GDP growth from last week, but no wories, USD will wake up again and shortly ;-)
There's a slight correlation with CAD and oil prices. Since June, its actually be very high, and we have seen oil price fall vs USD in a similar manner CAD fell vs. USD.

US and Canada shut down some oil rigs according to a report last week. Coincidentally we are seeing a slight CAD climb. Just saying, something I didn't mention in the article - look at oil price as well for CAD's short-term direction.
- Fan
  •  Guest
  • | IP XX.XXX.32.47
Btw, fair value of oil is 76.24. And i didn't even included that in the currency model... Go figure what it will do a 54% oil appreciation to the price of usdcad...
  •  Guest
  • | IP XX.XXX.32.47
Quoting Yossuan
funny boy

target is 1,30xx and don't forget last weeks rate cut and -0,2% GDP "growth"

CAD is overvalued, but the reason why USD fall againts the majors is the first estimated GDP growth from last week, but no wories, USD will wake up again and shortly ;-)
Quoting Yossuan
funny boy

target is 1,30xx and don't forget last weeks rate cut and -0,2% GDP "growth"

CAD is overvalued, but the reason why USD fall againts the majors is the first estimated GDP growth from last week, but no wories, USD will wake up again and shortly ;-)
Canada's Public debt is 85% to while US is 100.65% and estimated to increase 106.7% (IMF). Who do you think it will monetize (debase) its currency more? (PS While Canada's debt is estimated to DECREASE to 81% over the same period...)
  • New Comment
  •  Guest
  • | IP XX.XXX.49.72
Join FF
  • Story Stats
  • Posted: Feb 2, 2015 11:06am
  • Submitted by:
     ForexMinute
    Category: Technical Analysis
    Comments: 7  /  Views: 2,803