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USD/CAD

  • #4,681
  • Jan 22, 2014 9:51am Jan 22, 2014 9:51am
Quoting Ken A
{quote} Why not?
you trying to gain pennies by risking dollars. Chasing shortens your life span.
Trade what you see, not what you think!
  • #4,682
  • Jan 22, 2014 10:12am Jan 22, 2014 10:12am
Quoting Ken A
Targeting 1.180 {image}
how did you get to 1.18? that's well above the consensus
  • #4,683
  • Jan 22, 2014 10:18am Jan 22, 2014 10:18am
Quoting Greener
{quote} how did you get to 1.18? that's well above the consensus
Monthly chart
  • #4,684
  • Jan 22, 2014 10:37am Jan 22, 2014 10:37am
Quoting Ken A
{quote} Monthly chart
thanks. In theory it may get back to 2009 levels and beyond. 1.125 getting closer...major correction there
  • #4,685
  • Jan 22, 2014 11:01am Jan 22, 2014 11:01am
Quoting Greener
{quote} thanks. In theory it may get back to 2009 levels and beyond. 1.125 getting closer...major correction there
excess capacity as potential risk for low inflation. On the other hand, the governor was happy about the pace of US recovery and increased demand of Canadian orders/exports. Most of the strategy to improve household debt is based upon the capacity of Canada to grow exploiting a favourable exchange rate. In other words, US will help Canada with exchange rate. Next move will be an increase of interest rate imho but this will probably happen next year.
  • #4,686
  • Jan 22, 2014 11:02am Jan 22, 2014 11:02am
Quoting Greener
{quote} thanks. In theory it may get back to 2009 levels and beyond. 1.125 getting closer...major correction there
Yes, I may scale out of the fresh long 1.100 nearing that level then scaling in after correction.
  • #4,687
  • Jan 22, 2014 11:02am Jan 22, 2014 11:02am
Quoting Greener
{quote} thanks. In theory it may get back to 2009 levels and beyond. 1.125 getting closer...major correction there
What theory exactly?
$10K Live Account... 3 months investor testing!
  • #4,688
  • Jan 22, 2014 11:06am Jan 22, 2014 11:06am
Quoting Crazy-Trader
{quote} What theory exactly?
theory is that price broke decisively major psychological level at 1.1 and opened a new scenario whereas the precedent can only date back to 2009. This opens a possibility to get to 1.3
  • #4,689
  • Jan 22, 2014 11:10am Jan 22, 2014 11:10am
I want to long this, but I can see no retracement to do so. Looks like the Goldman Sachs forecast was not too far fetched this time.
Fix up, trade sharp ...
  • #4,690
  • Jan 22, 2014 11:12am Jan 22, 2014 11:12am
Quoting Hickson
I want to long this, but I can see no retracement to do so. Looks like the Goldman Sachs forecast was not too far fetched this time.
if it gets to 1.125 I expect a major retracement to 1.0735. That could be a good level to buy again imho in a medium term perspective.
  • #4,691
  • Jan 22, 2014 11:16am Jan 22, 2014 11:16am
Quoting Greener
{quote} if it gets to 1.125 I expect a major retracement to 1.0735. That could be a good level to buy again imho in a medium term perspective.
Thanks for your idea Greener. There is some resistance above due to the old 2009 high. If this can be broken, maybe we really see the 1,4?
Fix up, trade sharp ...
  • #4,692
  • Edited 12:06pm Jan 22, 2014 11:43am | Edited 12:06pm
Quoting Hickson
{quote} Thanks for your idea Greener. There is some resistance above due to the old 2009 high. If this can be broken, maybe we really see the 1,4?
1.1 was supposed to be a major resistance and has been smashed...1.4 is possible...anything is possible.

I personally don't think it will get there as Canadian low inflation is mainly the result of excess capacity and low commodity prices. Moreover US growth has broadened. As a result, Canada is selling more and receiving more orders. I would play around 1.2 top. Consensus for this year is between 1.14-16 which at these levels implies some major correction towards 1.08-1.07 or even 1.06 levels. We might see an increase in interest rates before the year end if US continues to grow. Low inflation is temporary in my view.
I would also pay attention to what's happening in Syria as that could be a major game changer.
  • #4,693
  • Jan 22, 2014 12:43pm Jan 22, 2014 12:43pm
headed to 1.11 and then 1.124-5
  • #4,694
  • Jan 22, 2014 1:12pm Jan 22, 2014 1:12pm
Quoting Greener
headed to 1.11 and then 1.124-5
closed my long now at 1.1090...not worth it
  • #4,695
  • Jan 22, 2014 3:40pm Jan 22, 2014 3:40pm
Quoting Greener
{quote} closed my long now at 1.1090...not worth it
shorts squeeze looks inevitable...waiting to reenter long at 1.1055...if it gets there
  • #4,696
  • Jan 22, 2014 5:46pm Jan 22, 2014 5:46pm
Quoting Greener
{quote} shorts squeeze looks inevitable...waiting to reenter long at 1.1055...if it gets there
i am out but watching if any reaction happens between 1.1 and 1.125-30. I am expecting a big one. if not, Goldman tp is next.
Good chance Goldman target is reached in the first quarter due to current deals between US and Canada in the resources sector.
  • #4,697
  • Jan 22, 2014 6:22pm Jan 22, 2014 6:22pm
i neeeeddd the usdcad - down - now!!
  • #4,698
  • Jan 22, 2014 6:28pm Jan 22, 2014 6:28pm
plsss only 10 pips
  • #4,699
  • Jan 22, 2014 6:31pm Jan 22, 2014 6:31pm
Quoting yosi408
plsss only 10 pips
I don't think it will be down now.
  • #4,700
  • Jan 22, 2014 6:38pm Jan 22, 2014 6:38pm
noooooooooooo
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