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CAD/JPY

  • #81
  • Jan 13, 2008 5:22pm Jan 13, 2008 5:22pm
Im thinking this pair still has some room to go down, looking for 104.00
  • #82
  • Jan 13, 2008 5:46pm Jan 13, 2008 5:46pm
In the next few weeks we'll see the onslaught of the Bush & Bernanke stimulus packages. I wouldn't want to be holding any long dollar/long yen positions into those releases. In addition, I don't see UJ violating the '95 trendline significantly. UC has hit a brick wall at 1.0200 for the time being. CJ is very tempting at these prices, I'd be surprised if it falls significantly further (>200 pips).
  • #83
  • Jan 13, 2008 9:18pm Jan 13, 2008 9:18pm
CAD/JPY will point 110.
I don't think USD/CAD will point 1.02.
Because CAD is still stronger than USD
My name is liujiangshi. {Links Removed}
  • #84
  • Jan 15, 2008 2:13am Jan 15, 2008 2:13am
CJ is now 100 pips from the 2004 trendline, 200 pips from the August ultimate low. It's off 1,150 pips in less than 3 weeks! CAD is really getting beat up all around, especially if you also look at the AUD/CAD and EUR/CAD charts.

I might look to enter if we hit that trendline, or anywhere between it and the August lows. The UJ monthly trendline is broken however..
  • #85
  • Jan 15, 2008 9:34am Jan 15, 2008 9:34am
Quoting DutchTrader
KGB,

This opens up 104.31 on the weekly. Your thoughts?

There it is right before us.
Patience + Humility + Study = Success
  • #86
  • Jan 16, 2008 4:44am Jan 16, 2008 4:44am
There goes the August intraday low. $/CAD also broke the December highs. Double digits on CJ anyone?
  • #87
  • Jan 16, 2008 4:50am Jan 16, 2008 4:50am
Quoting Trader KGB
There goes the August intraday low. $/CAD also broke the December highs. Double digits on CJ anyone?
Yep 99.30 next fibo level down on the weekly chart. This is setting up perfectly, wash out all the dirty laundry then pile back in the carry when the fed starts cutting like a butcher on PCP
Patience + Humility + Study = Success
  • #88
  • Jan 16, 2008 5:21am Jan 16, 2008 5:21am
CAD have no change,But JPY is getting strong.
CAD/JPY is fall down more than 2000 pips.
The best situation is fall down 98.
I also preview good to buy cad/jpy.
My name is liujiangshi. {Links Removed}
  • #89
  • Jan 16, 2008 9:32am Jan 16, 2008 9:32am
Quoting liujiangshi
CAD have no change,But JPY is getting strong.
CAD/JPY is fall down more than 2000 pips.
The best situation is fall down 98.
I also preview good to buy cad/jpy.
Hi liujiangshi, you say good to buy cad/jpy but the best situation is fall down 98 !!!! So what not a sell then? Can you clarify? Thank you
  • #90
  • Jan 16, 2008 11:10am Jan 16, 2008 11:10am
Every Wednesday ,I bought all that cad/jpy, gbp/jpy and others. cad/jpy recently fell to 103 from 110. Fell 700 pips. According to my experience, some pairs run 500-700 pips in single way,It will turn back. cad/jpy interest is high. If I buy cad/jpy mistakes, I think cad/jpy limit to 98. I do not normally sell cad/jpy ,You know,I sell it by mistake,I pay the interest to bank.Oh sorry.Oh ,sorry,my english is no good.I publish my mind no clearly."The best situation is fall down 98."-------"The bad situation is fall down 98".
My name is liujiangshi. {Links Removed}
  • #91
  • Jan 16, 2008 6:04pm Jan 16, 2008 6:04pm
104.50..... I would love to buy at this level, but it makes me nervous as the USD/CAD is pushing the loonie lower, however, it looks like most of the yen pairs are retracing from the insane movement from the downside they've made recently.... what are you guys doing? buying at this area? I think I'll sit out, and watch for now, after all, I did very well on this pair for the last two months. Im still long USD/CAD till 1.0400
Jeff
  • #92
  • Jan 16, 2008 6:32pm Jan 16, 2008 6:32pm
Quoting jeffmelvin
104.50..... I would love to buy at this level, but it makes me nervous as the USD/CAD is pushing the loonie lower, however, it looks like most of the yen pairs are retracing from the insane movement from the downside they've made recently.... what are you guys doing? buying at this area? I think I'll sit out, and watch for now, after all, I did very well on this pair for the last two months. Im still long USD/CAD till 1.0400
Jeff
It's a mixed bag. So far, UC is respecting support above 1.0205 but stuck below the Dec highs, while UJ is respecting support above 107.20. So it's a wash right now, sort of how we ended the day with an interesting doji. If UJ can maintain 107.20, then I'm cautiously bullish on CJ. It's a tough call given this pair just had a 360 pip roundtrip move in a single day.
  • #93
  • Jan 16, 2008 6:55pm Jan 16, 2008 6:55pm
Quoting Trader KGB
If UJ can maintain 107.20
And there that goes..
  • #94
  • Jan 16, 2008 7:16pm Jan 16, 2008 7:16pm
Its hangin in there....for now. if 107 falls, then the down move continues.
Quoting Trader KGB
And there that goes..
  • #95
  • Jan 18, 2008 9:27am Jan 18, 2008 9:27am
Well, I decided to get back in this baby. Im long from 104.00 pretty risky, but im up enough where I can place the SL at break even. Looking for 105.50
  • #96
  • Jan 18, 2008 10:17am Jan 18, 2008 10:17am
so much for that idea lol. I just thought that would be the place for the much needed retrace.

Quoting jeffmelvin
Well, I decided to get back in this baby. Im long from 104.00 pretty risky, but im up enough where I can place the SL at break even. Looking for 105.50
  • #97
  • Jan 18, 2008 11:02am Jan 18, 2008 11:02am
Last year, I lost a lot of money in buy usd/cad.But also learn experience from it. I found that in Friday cad is the most powerful of week. Therefore, I recommend to buy cad/jpy. This is my strategy yesterday
http://www.liujiangshi.com/article.asp?id=233
My name is liujiangshi. {Links Removed}
  • #98
  • Jan 20, 2008 4:00pm Jan 20, 2008 4:00pm
Im looking for futher moves to the downside on this pair guys, what do you think? actually on all the yen pairs. Looking for 100.00 on this one.... Gonna look for a good short opp. somewhere. Happy Trading this week, should be interesting.
jeff
  • #99
  • Jan 20, 2008 5:12pm Jan 20, 2008 5:12pm
Rallies may be capped as long as UJ sits below its monthly trendline (~108.35). The question is what does UC do after the BoC's rate cut this week? They're only expecting a 25bp cut for the loonie vs 50-75bp when the Fed meets next week. Dodge's comments will be key, if they come off less hawkish than Bernanke's, then UC will be back below parity before we know it (sending up CJ by several hundred pips). If we get some relief in the markets this week, this flight-to-safety dollar rally will wrap up just like the last one in December.

I can't see the reason for a continued rally in UC at this point, while UJ is oversold but still technically broken. Thus, I'm neutral on CJ but looking for a potential bullish entry.
  • #100
  • Jan 22, 2008 4:01pm Jan 22, 2008 4:01pm
Well, its hard to go long on this pair, it makes me nervous with everything thats going on. Im watching the nikkei, and still down quite a bit, so its hard to short the yen right now..... Im sitting out till things cool down. Whats your analysis on the yen pairs, CAD/JPY especially.
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