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USD/CAD

  • #3,481
  • Dec 9, 2012 12:32pm Dec 9, 2012 12:32pm
there not going up thats for sure, if anything there are rumours that they are going to do QE4 or atleast announce even more easing just 2 months after announcing infinite easing... very smart people at the helm
  • #3,482
  • Dec 10, 2012 9:25am Dec 10, 2012 9:25am
CAD about to breakout http://www.finviz.com/futures_charts.ashx?t=6C&p=d1
  • #3,483
  • Dec 10, 2012 4:09pm Dec 10, 2012 4:09pm
Current situation looks strange for me: oil plunged to the lowest level since November 15 while Canadian climbed to the highest level since October 19. Can anybody explain this unusual market movements?
  • #3,484
  • Dec 10, 2012 4:16pm Dec 10, 2012 4:16pm
canadian dollar is very strong because now the whole world is looking to buy our oilsands after the progress energy/nexen deal went through with chinese CNOOC buying for 15.1 billion, oil could go to $50 and canadian dollar would still rally.

whats funny though is the daily range on this pair has collapsed to about 20 pips, its basically not moving anymore lol, waste of time if you ask me.
  • #3,485
  • Dec 10, 2012 4:22pm Dec 10, 2012 4:22pm
staffpro1, do you want to say that we should no longer expect positive Canadian dollar correlation with oil in the future?
  • #3,486
  • Dec 11, 2012 9:31am Dec 11, 2012 9:31am
Quoting jonaskiselis
staffpro1, do you want to say that we should no longer expect positive Canadian dollar correlation with oil in the future?
all the correlations work for usd/cad downside movements, so if oil goes up/ sp500 goes up usd/cad goes down, but NONE of those correlations work the other day.

on top of that, the daily range on this pair is like 20 pips... it takes a whole week to move 100 pips, the eurusd does that in a day.
  • #3,487
  • Dec 11, 2012 11:56am Dec 11, 2012 11:56am
haha watching this thing is like watching a very slow motion train crash, or the titanic sinking very very slowly
  • #3,488
  • Dec 13, 2012 9:06am Dec 13, 2012 9:06am
CAD still strong after fed news, especially other pairs like CADJPY
  • #3,489
  • Dec 14, 2012 10:48am Dec 14, 2012 10:48am
I think USD/CAD downtrend movement is over. Trend reversal is starting.
  • #3,490
  • Dec 21, 2012 1:49am Dec 21, 2012 1:49am
Here is my USD/CAD Daily chart that I have been watching. The ATR has slacked off lately. But lack of movement on a pair isn't the same as not being able to make money on it. You just can't make hundreds of pips on it...which isn't the same thing.

I'd much rather trade something boring that predictably won't move much at all and then ramp up the volume.

Best,

Eric.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad_daily-icce-fibs_20121020.gif Size: 22 KB
" Be always employed in something useful." - Benjamin Franklin
  • #3,491
  • Dec 21, 2012 6:12am Dec 21, 2012 6:12am
Quoting cougar73
Here is my USD/CAD Daily chart that I have been watching. The ATR has slacked off lately. But lack of movement on a pair isn't the same as not being able to make money on it. You just can't make hundreds of pips on it...which isn't the same thing.

I'd much rather trade something boring that predictably won't move much at all and then ramp up the volume.

Best,

Eric.
Indeed, this pair crawl like snails. However I have long this pair base on trend reversal. As long as 0.9900 is defended this pair could possible climb back to parity. Furthermore, cad GDP news later may give this pair a boost or vice versa.
trade safe
  • #3,492
  • Dec 21, 2012 7:57am Dec 21, 2012 7:57am
Quoting zz_zhang
Indeed, this pair crawl like snails. However I have long this pair base on trend reversal. As long as 0.9900 is defended this pair could possible climb back to parity. Furthermore, cad GDP news later may give this pair a boost or vice versa.
In the green, sl set be. Time to enjoy weekend
trade safe
  • #3,493
  • Dec 28, 2012 8:07am Dec 28, 2012 8:07am
Quoting zz_zhang
Indeed, this pair crawl like snails. However I have long this pair base on trend reversal. As long as 0.9900 is defended this pair could possible climb back to parity. Furthermore, cad GDP news later may give this pair a boost or vice versa.
Bump - true, however I would highly recommend to any newbie starting out in trading to start here with this pair (for now as things could change in the future). Low margin, it gives good signals but less volatile, giving the new trader time to react and respond without the emotional anxiety and teaching the newbie patience.
  • #3,494
  • Dec 29, 2012 9:12am Dec 29, 2012 9:12am
hi, any other pairs you could recommend for newbies?

Had a margin call on EUR/USD



Quoting Compulsive
Bump - true, however I would highly recommend to any newbie starting out in trading to start here with this pair (for now as things could change in the future). Low margin, it gives good signals but less volatile, giving the new trader time to react and respond without the emotional anxiety and teaching the newbie patience.
  • #3,495
  • Jan 7, 2013 10:27am Jan 7, 2013 10:27am
Looks like a great low risk opportunity to be long at around .9840 with a SL at .9820 with an objective back above parity

http://i.imgur.com/1tuiJ.png
  • #3,496
  • Jan 8, 2013 8:14am Jan 8, 2013 8:14am
Quoting Compulsive
Looks like a great low risk opportunity to be long at around .9840 with a SL at .9820 with an objective back above parity

http://i.imgur.com/1tuiJ.png
Got filled at .98450 and moved all Sl at break even

http://i.imgur.com/obtZ9.png
  • #3,497
  • Jan 11, 2013 1:34am Jan 11, 2013 1:34am
There is a, not filled gap remaining since begining of new year at 0.9950.
  • #3,498
  • Jan 11, 2013 10:09am Jan 11, 2013 10:09am
Added another long at .98159
  • #3,499
  • Jan 11, 2013 10:46am Jan 11, 2013 10:46am
Quoting Compulsive
Added another long at .98159
Good on you
  • #3,500
  • Jan 17, 2013 3:34am Jan 17, 2013 3:34am
anyone guess what's goin on with the canadian dollar?

been drifting down relative to usd for past week, and now as crude keeps drifting up (plus a nice filip today) cad goes down even further.

is canada taking a lesson from japan? is the BOC steadily dumping cad just to get a better rate? doesn't seem to be any good economic reason for .uc to keep going further up every chance it gets...
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