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USD/CAD

  • #8,141
  • Aug 19, 2015 7:29am Aug 19, 2015 7:29am
Attached Image (click to enlarge)
Click to Enlarge Name: UC 1h 8.19.15 trade.png Size: 83 KB
  • #8,142
  • Aug 19, 2015 8:39am Aug 19, 2015 8:39am
Price rotated off of a Daily Average Price Line and started moving up.

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 106 KB



This last news event stopped out most retail traders who were in long before the USD CPI came out.

We could be long for a few days, even through Fed news coming out later today.

I'll be curious to see what happens at 1.3103, where the next blue line is on the 1hr

Attached Image (click to enlarge)
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Should we push through 1.3103 and keep going, the decision point of to take profit or ride it depends on what happens at that next blue line on the 1hr at 1.3176
  • #8,143
  • Aug 19, 2015 10:16am Aug 19, 2015 10:16am
Can anyone tell me why cad jpy and usd cad is moving like crazy? Just curious, it seems like this pair enjoys lots of spikes.
  • #8,144
  • Aug 19, 2015 10:19am Aug 19, 2015 10:19am
Quoting Gdi
Can anyone tell me why cad jpy and usd cad is moving like crazy? Just curious, it seems like this pair enjoys lots of spikes.
Because there are more people buying JPY+USD and selling CAD.
  • #8,145
  • Aug 19, 2015 10:24am Aug 19, 2015 10:24am
Quoting SteeP7
{quote} Because there are more people buying JPY+USD and selling CAD.
Yes thank you.

Typically there is a major reason why they do so, hence what I as asking for. The basics of any currency to move is because someone is buying / selling.
  • #8,146
  • Aug 19, 2015 11:31am Aug 19, 2015 11:31am
Quoting Gdi
{quote} Yes thank you. Typically there is a major reason why they do so, hence what I as asking for. The basics of any currency to move is because someone is buying / selling.
Oil I suspect
  • #8,147
  • Aug 19, 2015 11:49am Aug 19, 2015 11:49am
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Click to Enlarge Name: USDCAD_1.gif Size: 209 KB
  • #8,148
  • Aug 19, 2015 12:06pm Aug 19, 2015 12:06pm
Quoting Dano12
{image}
what the picture speak?
  • #8,149
  • Aug 19, 2015 12:12pm Aug 19, 2015 12:12pm
Quoting missH
{quote} what the picture speak?
My take on it is Dano is showing that we have a higher high here. But it could very well be something else. I wish he would explain, he does this all of the time
  • #8,150
  • Aug 19, 2015 12:37pm Aug 19, 2015 12:37pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD outlook 1h 8.19.15.png Size: 92 KB
  • #8,151
  • Aug 19, 2015 12:39pm Aug 19, 2015 12:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD outlook 1h 8.19.15.png Size: 78 KB
  • #8,152
  • Aug 19, 2015 12:48pm Aug 19, 2015 12:48pm
Quoting SteeP7
{image}
I take it back. Dollar might just tank but CAD weakness is still expected
  • #8,153
  • Aug 19, 2015 12:59pm Aug 19, 2015 12:59pm
http://www.zerohedge.com/news/2015-0...d-fomc-minutes
  • #8,154
  • Aug 19, 2015 1:03pm Aug 19, 2015 1:03pm
so much for CAD weakness. Stop got hit. still made more than my initial Target so on to the next trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Trade1 1h 8.19.15.png Size: 83 KB
  • #8,155
  • Aug 19, 2015 2:38pm Aug 19, 2015 2:38pm
Quoting Dano12
http://www.zerohedge.com/news/2015-0...d-fomc-minutes
We are having a problem that USD weakness cannot translate to USDCAD weakness due to the crappy oil and Canadian politics and economy. Still, I wonder how much USDCAD has been overvalued against the Fed sept hike expectations and should that hope fade due to incoming data, USDCAD should retrace from here.
  • #8,156
  • Aug 19, 2015 3:03pm Aug 19, 2015 3:03pm
Quoting Darkforce
{quote} We are having a problem that USD weakness cannot translate to USDCAD weakness due to the crappy oil and Canadian politics and economy. Still, I wonder how much USDCAD has been overvalued against the Fed sept hike expectations and should that hope fade due to incoming data, USDCAD should retrace from here.
Just to confirm, you are expecting CAD to lose value, correct? I don't see CAD being overvalued. Quite the opposite due to crashing oil. But that's my opinion. I feel USDCAD should be closer to the 1.15 - 1.20 ballpark myself.
  • #8,157
  • Aug 19, 2015 3:08pm Aug 19, 2015 3:08pm
I'm thinking CAD will remain weak. Dollar Is weakening ans should continue to do so. EUR and GBP should be strongest in the near future.
  • #8,158
  • Aug 19, 2015 3:48pm Aug 19, 2015 3:48pm
Quoting Darkforce
{quote} We are having a problem that USD weakness cannot translate to USDCAD weakness due to the crappy oil and Canadian politics and economy. Still, I wonder how much USDCAD has been overvalued against the Fed sept hike expectations and should that hope fade due to incoming data, USDCAD should retrace from here.
I do not think Raise interest rates in the US in September by the actions of China and Juan
  • #8,159
  • Aug 19, 2015 5:35pm Aug 19, 2015 5:35pm
Quoting Dano12
{quote} I do not think Raise interest rates in the US in September by the actions of China and Juan
I certainly hope so, doesnt seems like the right time to do it. Might cause the world to panic and world economy to dip.
  • #8,160
  • Aug 19, 2015 5:36pm Aug 19, 2015 5:36pm
Quoting bladerogers
{quote} Just to confirm, you are expecting CAD to lose value, correct? I don't see CAD being overvalued. Quite the opposite due to crashing oil. But that's my opinion. I feel USDCAD should be closer to the 1.15 - 1.20 ballpark myself.
I mean USDCAD overvalued.
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