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USD/CAD

  • #7,061
  • Mar 6, 2015 7:56am Mar 6, 2015 7:56am
Quoting alayinizAMK
{quote} Problem solved
I dont know if it is solved. The Canadian housing numbers were pretty bad and the trade balance wasn't good either. Those were the two things that were keeping BoC from doing a rate cut this week.

Thus this pair should be ripping it. But it is not. I really think these stupid Japanese banks are super long CAD through the CADJPY pair and they are defending their position. And hopefully once WTI goes below $40 they will be the ones covering.
hope for the best and expect the worst.
  • #7,062
  • Mar 6, 2015 8:01am Mar 6, 2015 8:01am
Yeah I expected it to break once we shot through 1.565, but guess not? haha.
  • #7,063
  • Mar 6, 2015 8:08am Mar 6, 2015 8:08am
Quoting usdoutlaw
{quote} I dont know if it is solved. The Canadian housing numbers were pretty bad and the trade balance wasn't good either. Those were the two things that were keeping BoC from doing a rate cut this week. Thus this pair should be ripping it. But it is not. I really think these stupid Japanese banks are super long CAD through the CADJPY pair and they are defending their position. And hopefully once WTI goes below $40 they will be the ones covering.
it could slow down maybe. but from here it seems good for bulls who did catch a well entry.
  • #7,064
  • Mar 6, 2015 8:20am Mar 6, 2015 8:20am
Quoting usdoutlaw
{quote} I dont know if it is solved. The Canadian housing numbers were pretty bad and the trade balance wasn't good either. Those were the two things that were keeping BoC from doing a rate cut this week. Thus this pair should be ripping it. But it is not. I really think these stupid Japanese banks are super long CAD through the CADJPY pair and they are defending their position. And hopefully once WTI goes below $40 they will be the ones covering.
And maybe WTI is the wrong place to look if dollar is moving already. Look at how gold just dropped it looks like a burst. I think gold/usd could be a great short trade just as usd/cad can be great a long.
  • #7,065
  • Mar 6, 2015 9:18am Mar 6, 2015 9:18am
Well let's see what happens next week. Hopefully, the oil bulls give up. That would be the cherry
hope for the best and expect the worst.
  • #7,066
  • Mar 6, 2015 9:20am Mar 6, 2015 9:20am
these are estimations but my best shot.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM3000.png Size: 21 KB
  • #7,067
  • Mar 6, 2015 9:47am Mar 6, 2015 9:47am
Quoting alayinizAMK
these are estimations but my best shot. {image}
What do you think about this?
Attached Image (click to enlarge)
Click to Enlarge Name: J8xiPnU.png Size: 18 KB
  • #7,068
  • Mar 6, 2015 9:59am Mar 6, 2015 9:59am
Quoting Valadorn
{quote} What do you think about this? {image}
honestly i think that your upper line could become a good support line once broken maybe. The triangle looks to be done imo.
  • #7,069
  • Mar 6, 2015 10:12am Mar 6, 2015 10:12am
I'm waiting for a retest of 1.2620/25 to see if it holds, I have a BIG 50% fibo level there, if it breaks I'll buy, if it holds I'll sell and it looks like range trading again
  • #7,070
  • Mar 6, 2015 11:21am Mar 6, 2015 11:21am
Any expectations that its going down to 1.2400? I think it has big changes now.
  • #7,071
  • Mar 6, 2015 11:34am Mar 6, 2015 11:34am
Quoting evrynet
Any expectations that its going down to 1.2400? I think it has big changes now.
I don't see 1.24, I think that ship has sailed for awhile, I see 1.25/50 as new support. alot will depend on crude next week IMO...if it holds above 1.2620 that could become new support as well, it bounced off it 4 times since NFP release. close today will be important
  • #7,072
  • Mar 6, 2015 11:50am Mar 6, 2015 11:50am
Anyone thinking 1.39 for cable or there abouts?? Be good buy then.. say cover 300 pips but definitely should bounce back upwards towards 191 from 139 if get there!!! Just been looking at larger time frame on different platform and on this platform 139 is quite visible and achievable... will have swing bounces in between of course
  • #7,073
  • Mar 6, 2015 11:52am Mar 6, 2015 11:52am
looks like 14890 next weeks target on cable
  • #7,074
  • Mar 6, 2015 11:52am Mar 6, 2015 11:52am
You Have the Baker Hughes rig report coming at 1:00 PM eastern time
  • #7,075
  • Mar 6, 2015 11:53am Mar 6, 2015 11:53am
Quoting usdoutlaw
{quote} Hopefully you covered your worst position.
The move came as a bomb until caught my platform here at the time. Actually, you can see that I had ugly stop loss! I tried to launch a purchase order and the opening of the candle, but caught everything froze here
Operate in a more conscious way to cover this loss and get new profit
  • #7,076
  • Mar 6, 2015 1:31pm Mar 6, 2015 1:31pm
The wick of the rocket is lit.
  • #7,077
  • Mar 6, 2015 1:34pm Mar 6, 2015 1:34pm
Quoting usdoutlaw
Well let's see what happens next week. Hopefully, the oil bulls give up. That would be the cherry
The funny thing is that there is a huge net long position by big specs in crude oil. Can these guys be wrong? I think the newest report comes out today.
  • #7,078
  • Mar 6, 2015 2:25pm Mar 6, 2015 2:25pm
Quoting pbylina
{quote} The funny thing is that there is a huge net long position by big specs in crude oil. Can these guys be wrong? I think the newest report comes out today.
no intention noticeable of CAD going up.....
There is a winner and a loser, nothing in between.
  • #7,079
  • Mar 6, 2015 2:33pm Mar 6, 2015 2:33pm
Quoting buytosell
{quote} no intention noticeable of CAD going up.....
it just went up 100 pips.
  • #7,080
  • Mar 6, 2015 2:35pm Mar 6, 2015 2:35pm
Quoting evrynet
{quote} it just went up 100 pips.
I am talking about CAD not USDCAD.
There is a winner and a loser, nothing in between.
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