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USD/CAD

  • #341
  • Mar 21, 2011 10:42am Mar 21, 2011 10:42am
closed with 29pips

(Cad)



Quoting khizer
long: 9761
tp: 979
Trade what you see, Not what you think.
  • #342
  • Mar 21, 2011 10:57am Mar 21, 2011 10:57am
Anyone have a correlation map for cad and commoditites
  • #343
  • Mar 27, 2011 12:28pm Mar 27, 2011 12:28pm
50 pip spike after government falls any theories on what next
  • #344
  • Apr 10, 2011 12:55pm Apr 10, 2011 12:55pm
h1 Chart where you can go long check it out
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  • #345
  • Apr 10, 2011 1:12pm Apr 10, 2011 1:12pm
perfect bullish divergence on the horizone I dont trade this pair but seems interesting .Has given good swing based on the TL. the Current TL line in H1 seems promising plus the possibility of testing the areas already tested .
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  • #346
  • Apr 10, 2011 1:28pm Apr 10, 2011 1:28pm
As 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

- -- -

blog: http://thinkfirstblinksecond.com
  • #347
  • Apr 10, 2011 1:35pm Apr 10, 2011 1:35pm
Quoting pdtpatrick
As 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

- -- -

blog: http://thinkfirstblinksecond.com

First 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 H1
  • #348
  • Apr 10, 2011 1:40pm Apr 10, 2011 1:40pm
Quoting harigp
First 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 H1
It 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 this case the USD will give .25% and if you sell that and buy CAD, you make a difference of .75%. Now you tell me, do you want .25 or .75% return (since you get 1.0% on CAD vs .25% on USD)?
  • #349
  • Apr 10, 2011 2:13pm Apr 10, 2011 2:13pm
Quoting pdtpatrick
It 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...
Hold your horse and see my chart where I have shown the R 1 and R2 level I am not talking about even the daily chart. Just H1

Coming back to oil do you think that you can live in this world as prediction it will touch $ 300 to $ 400. As an employee Will you feel happy that it Should touch those levels and your boss is going to give you the salary hike based on oil price or gold price. He will not even give you 10 % as salary hike. We talk about interest rate to go up but have you looked from the business point of view what will be cost of capital to sustain the business or to take care of the employees

It is an old mechanisam of any central bank to play with the interest rate with out looking into the real problem of the common man.

If you want to bring inflation down find alternate source of energey if you really mean it, Just by adjusting the interest rate or printing money nothing works

To be frank with you no one cares about the down trodden because the rich has their own agenda.

Note when I said employee it is not directed to you it was a general statment.
  • #350
  • Apr 10, 2011 3:55pm Apr 10, 2011 3:55pm
Quoting harigp
Hold your horse...
I understand your point but keeping in mind that the current price of oil is only temporary so a manager or company is not going to increase or decrease wages based on speculative bets in the stock market. That would cause a lot of headache.

But in the short term, this volatility in oil does affect USDCAD which is what we are talking about here. And considering that the dollar is weak as i've mentioned and the troubles in MENA were underestimated (evidenced by the prolong war in Libya), Oil can easily trade to the 115 - 120 area. We cannot say this is not possible as we've seen oil spike to $145 before when gas went to $5 leading everyone to freak out.

All I'm saying is that in the short term, it possible to see .94 in USDCAD rather than .97. The dollar troubles are only now starting and unless congress and the FEDs start taking proactive steps rather than wait last minute (the almost government shutdown), no one is going to want to hold the dollar.

Of course, the short dollar trade is getting crowded so if there's a massive opposite move, it could cause large short covering as the elevator door gets tighter than the pants on Will-I-Am.

- - - -

blog: http://thinkfirstblinksecond.com
  • #351
  • Apr 10, 2011 4:34pm Apr 10, 2011 4:34pm
Here's a fun chart .. USDCAD vs AUDUSD shows a -93% correlation the within the last couple of weeks. And looking at the last month, you can see how these markets have crossed paths.

http://i53.tinypic.com/vx7yo.png

So if one is shorting USDCAD, then you are essential long AUDUSD.

- - - -

blog: http://thinkfirstblinksecond.com
  • #352
  • Apr 11, 2011 7:48pm Apr 11, 2011 7:48pm
see teh chart now and my previouse post
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  • #353
  • Apr 12, 2011 8:21am Apr 12, 2011 8:21am
looks much beter after retrace
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  • #354
  • Apr 20, 2011 11:50pm Apr 20, 2011 11:50pm
buying signal from 0.9465 to tp 0.9485, sl 9420
Trade what you see, Not what you think.
  • #355
  • Apr 23, 2011 5:52am Apr 23, 2011 5:52am
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  • #356
  • May 4, 2011 3:05am May 4, 2011 3:05am
I think we can find some descending trend at the colored zone to sell USDCAD.
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  • #357
  • May 4, 2011 8:30am May 4, 2011 8:30am
usd/cad in daily
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  • #358
  • May 4, 2011 12:10pm May 4, 2011 12:10pm
As I thought USDCAD reached the colored zone. Now I sell it for 0.9460
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  • #359
  • May 4, 2011 1:06pm May 4, 2011 1:06pm
Quoting maniabls
As I thought USDCAD reached the colored zone. Now I sell it for 0.9460
I have that area too, but it's on my daily chart...not H1. On the H1, it's just the daily R2 area.
Si vis pacem, para bellum.
  • #360
  • May 4, 2011 1:54pm May 4, 2011 1:54pm
Quoting Duce
I have that area too, but it's on my daily chart...not H1. On the H1, it's just the daily R2 area.
Hi, i also sell usdcad and am getting negative. pls can you give me ur yahoo id or skype, so we can chat. i need someone to enlightenen me bcoz i dont have much knowledge and am a trader.
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