Still bear, but await a retrace if/when parity broken.
Looked @ OZ/CAD D chart.
Up tl (Dec 15-28) break w TPP 9862.
Up tl (Dec 2-15) break w TPP 9689.
Let's draw fib (Aug 18 - Nov 4).
9862 is nearing 38% & 9689 is nearing 50%.
.
- #3,702
- Jan 7, 2011 7:13pm Jan 7, 2011 7:13pm
NFP tomorrow so I be on the sidelines 'til smoke has cleared.
Oz/Cad short still good.
Looked @ E/Cad Dtf. 3 up TLs were violated.
PA has broke through the 62% fib down (6/10- 10/25)
1.2650
Rumblings re: Italy & its bailout could be > Greek,Portugal & Ireland combined
Thinkin' to stay short & who knows- maybe my 1.2650 ain't too "science fiction".
- #3,703
- Jan 7, 2011 8:13pm Jan 7, 2011 8:13pm
LOONIE THOUGHTS for my next week's trades.
I shall be looking for SELL opportunities
I know that most posters to this thread are bullish this pair (however. I be a contrarian batarde).
My beer did not need salt when the Canadian Jrs played the Russians - my tears were enuff. The latter had the momentum while the favourites had the news.I was the contrarian Batarde at our table.
On to my LOONIE views for my trading decisions-
The specs are going long COMM$
The specs are shorting the E
On the Weekly chart: U/CAD
My STO is down. RSI is down. My ema's are down.
Key Wly support levels: 9928 ('10/04/18) & 9817 ('08/05/18).
This week, I'll play the bounce & expect the inevitable.
I shall be looking for SELL opportunities
I know that most posters to this thread are bullish this pair (however. I be a contrarian batarde).
My beer did not need salt when the Canadian Jrs played the Russians - my tears were enuff. The latter had the momentum while the favourites had the news.I was the contrarian Batarde at our table.
On to my LOONIE views for my trading decisions-
The specs are going long COMM$
The specs are shorting the E
On the Weekly chart: U/CAD
My STO is down. RSI is down. My ema's are down.
Key Wly support levels: 9928 ('10/04/18) & 9817 ('08/05/18).
This week, I'll play the bounce & expect the inevitable.
- #3,704
- Jan 9, 2011 8:33pm Jan 9, 2011 8:33pm
Still gonna sell the U/CAD
MY indicators are heading down on Dtf. Expect some consolidation; BUT.
read a blog mentioning the possibility of US defaulting (March or April) unless Congress raises absolute amount of debt the B.O. admin will again tolerate. {reminds me of my ex saying that if I raised the credit limit on the charge cards; we would not have the problem of the CCs being maxxed out
}
MY indicators are heading down on Dtf. Expect some consolidation; BUT.
read a blog mentioning the possibility of US defaulting (March or April) unless Congress raises absolute amount of debt the B.O. admin will again tolerate. {reminds me of my ex saying that if I raised the credit limit on the charge cards; we would not have the problem of the CCs being maxxed out
}
- #3,708
- Jan 10, 2011 6:17pm Jan 10, 2011 6:17pm
New to the game, aren't ya? Fundies don't mean squat if the Big Bullies are bent to have their way. Keep in mind "When u swim with the sharks, u look out for them, they don't look out for u"!
but hang on to yer gold mansacks!!
BUT does this mean that Trichet, Bernake et al; are misrepresenting the FACTS? :nerd:
Tell me, it ain't so!!!!!!
- #3,716
- Jan 11, 2011 7:28pm Jan 11, 2011 7:28pm
I hate to use the word intervention....so I will ask it this way....does anyone know if the Canadian government is starting to "worry" about a strong CAD? I am surprised it has held its momentum with all the bad economic data lately.
I thought I read somewhere that high oil prices along with a strong CAD wind up negating any positive affects for Canada...meaning they will only benefit with strong oil and a weak CAD.
I am just wondering how low this puppy can go??? Has the Cad government ever "interfered" with their currency?
Brazil prez? openly stated that they are playing the game for "real"
Strong oil $ & CAD back in the "good ole days" enjoyed an inverse relationship. Rules have apparently been rewritten since '08 ( note the preponderance of G20 gatherings. Used to be G7 then G8 now they be breeding like rabbits). Poutine prize for guessing G?? by July 1st( I got dibs on G39!) Contest deadline Jan 31 2011.
U/Cad will go as low as it wants. Mentioned before, that Scotia said 1.1500 C$ & BMO looking @ 1.2500C$. Not carved in stone, put a Dly chart on & see where PA has been going since last year.
Green pips to you.
- #3,717
- Jan 11, 2011 7:59pm Jan 11, 2011 7:59pm
USDCAD is back to 0.9900 level - a huge support broken only in 2007 when Oil was red hot.
Could we see another break? Oil is getting bullish once again rumored to hit 100 anytime soon.
Chart says we are in a down trend since 2009 and this line is being tested a few times in the last few days indicating a break.
However you trade may you trade well
