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USDCAD trend reversal?

  • #4,561
  • Dec 16, 2015 8:52pm Dec 16, 2015 8:52pm
fomc plus oil inventories up

Poloz comments on Loonie

I shall buy U/Cad
  • #4,562
  • Dec 17, 2015 7:46pm Dec 17, 2015 7:46pm
Bought U/Cad 1.3787 & another @ 1.3815

TP: 1.3928 & 1.3928 respectively.

Holidays ahead,- so may sit on my hands next week.
  • #4,563
  • Dec 20, 2015 4:56pm Dec 20, 2015 4:56pm
So we be at the 2004 May hi @1.4

Watching Cdn banks projections for Q1

1.42 to 1.33

My levels for trades
























watch
  • #4,564
  • Dec 20, 2015 7:33pm Dec 20, 2015 7:33pm
Major long term resistance..... r u sure it is going to bust through this, and keep heading on up?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADMonthly.png Size: 70 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #4,565
  • Edited Dec 21, 2015 7:33am Dec 20, 2015 11:23pm | Edited Dec 21, 2015 7:33am
Quoting damonl
Major long term resistance..... r u sure it is going to bust through this, and keep heading on up? {image}
it does look a little overbought. purely from technicals, i think it'll go to 1.4119. tuesday's gdp number should provide some catalyst.
use leverage with caution...
  • #4,566
  • Dec 21, 2015 7:00pm Dec 21, 2015 7:00pm
Quoting damonl
Major long term resistance..... r u sure it is going to bust through this, and keep heading on up? {image}

Not sure of anything-

but Dec 18 COT showed Cad bearish & increasing.

holidays & year end = thin liquidity.
Watch your tekkies for now.

oil tells the tale for the Loonie.

if the long term R breaks-some green pips.

2 CDN banks see 1.42 by Q1 end

1 projects 1.39
1 eyes 1.37
1 sees 1.36
1 projects 1.33

These are the parameters that I am putting on my charts &&&&&&&& these ARE Projections to March 31,2016.
Keep yer stick on the ice.
  • #4,567
  • Dec 28, 2015 7:43pm Dec 28, 2015 7:43pm
Watching for 1.4005 break '04/5 hi

maybe 1.43 if '03/7 hi @1.4195 break

OIL $25

US/CAD yield spread

What will OPEC do?

2 CDN banks say 1.42 in Q1
Keep yer stick on the ice.
  • #4,568
  • Edited 8:33pm Jan 12, 2016 8:13pm | Edited 8:33pm
Quoting Scarecru
Watching for 1.4005 break '04/5 hi maybe 1.43 if '03/7 hi @1.4195 break OIL $25 US/CAD yield spread What will OPEC do? 2 CDN banks say 1.42 in Q1 Keep yer stick on the ice.
1.4247 today green pips

1.4310 next target & then perhaps 1.4400

OPEC still a wild card-Nigeria wants a meeting with the Saudis (cuz they are hurting).

Just a thoughtkeystone was stopped in the USA by the Obama administration I believe.
W. Buffett has a lot of railway & ancilliary holdings,
Now,I heard that Obama is supporting Nigeria(probably,financially & politically) to build a PIPELINE to the coast
in order to export their oil.

wrt loonie-
watching Poloz
Dustbin & the Fiberals
I am watching for a 68 cent dollar

Keep yer stick on the ice
  • #4,569
  • Jan 13, 2016 3:24pm Jan 13, 2016 3:24pm
1995 Jan hi@4277 beat

1998 Jan hi @ 4693

fly in the ointment is oil

keep yer stick on the ice.
  • #4,570
  • Jan 13, 2016 3:27pm Jan 13, 2016 3:27pm
what is ur thought on the pair!
Investing is SIMPLE but NOT EASY
  • #4,571
  • Jan 13, 2016 3:50pm Jan 13, 2016 3:50pm
Quoting Moly_Cam5
what is ur thought on the pair!
UP
  • #4,572
  • Jan 13, 2016 3:59pm Jan 13, 2016 3:59pm
Quoting lasty
{quote} UP
have a view about it or just sayin !!
Investing is SIMPLE but NOT EASY
  • #4,573
  • Jan 13, 2016 4:57pm Jan 13, 2016 4:57pm
Quoting Moly_Cam5
{quote} have a view about it or just sayin !!
Ive been Canada bearish for awhile now and I don't see anything to halt that.



Yes you will see some pullbacks like in all trends but this one is strong, like its commonwealth cousins AUD and NZD.

They are all suffering from the Global slowdown
  • #4,574
  • Jan 13, 2016 7:06pm Jan 13, 2016 7:06pm
I am watching oil @ the ' 08 bottom for longs

4693 still my target

duce- wanna bet a poutine on this
  • #4,575
  • Jan 14, 2016 6:50am Jan 14, 2016 6:50am
Technical analysis of USD/CAD for January 14, 2016
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-h4-instaforex-group-2.png Size: 32 KB

1.4382 - Intraday Resistance
1.4355 - WR1 1.4314 - Intraday Support 1.4187 -
Technical Support 1.4098 -
Weekly Pivot 1.4010 - WS1
Trading recommendations: Day traders should refrain from trading this pair and wait for a better opportunity to occur.
  • #4,576
  • Jan 14, 2016 6:44pm Jan 14, 2016 6:44pm
Quoting Scarecru
I am watching oil @ the ' 08 bottom for longs 4693 still my target duce- wanna bet a poutine on this
still watching for mayhaps an oil bottom (saudis could pull a SNB stunt (remember Jan'15 & the chf?)

However,a good read of an article (Black Swan) gave pause to my bottom thought.

In essence: he stated that if oil fell from $147 to $30 is it that far-fetched to think that it can't fall to $25?

My thoughts on the Loonie:

Cdn paper had a great cartoon- have you ever seen a turkey @ Christmas or Thanksgiving dinner?

This should be the new logo on the Cad $1 coin.

Dustbin's view on the Cdn economy; gotta hook these guys up to lie detectors as they blow smoke up are arses
  • #4,577
  • Jan 14, 2016 6:47pm Jan 14, 2016 6:47pm
Quoting Moly_Cam5
what is ur thought on the pair!
wat be ur thotz
  • #4,578
  • Jan 14, 2016 6:53pm Jan 14, 2016 6:53pm
Quoting francmorio
Technical analysis of USD/CAD for January 14, 2016 {image} 1.4382 - Intraday Resistance 1.4355 - WR1 1.4314 - Intraday Support 1.4187 - Technical Support 1.4098 - Weekly Pivot 1.4010 - WS1 Trading recommendations: Day traders should refrain from trading this pair and wait for a better opportunity to occur.
AMEN

I trade mthly charts so bigger drawdowns possible & smaller accounts easily margin called.

FM: yer keeping yer stick on the ice
  • #4,579
  • Jan 16, 2016 2:52pm Jan 16, 2016 2:52pm
Quoting foto
For whatever it is worth. Global growth versus global slowdown continues to dominate the outcome of the sovereign debt crisis in Europe. Slowdown means debt default as without growth the debt is unpayable. Governmental intervention has hit the brick wall. Interventionist governments (US, China, Germany, France, India) can do no more without they themselves in trouble domesticaly. For nothing is free and any policy initiated has someone on the paying end upset. Safe harbor currencies will continue to benefit, as those nations with great military...

Just gonna research some ancient posts from FOTO- an amazing article that I read yesterday,reiterated FOTO's posts.

The CBs are running out of ammunition.
  • #4,580
  • Jan 16, 2016 2:59pm Jan 16, 2016 2:59pm
Quoting foto
The next sacred cow to be slaughtered am thinking will be the Euro. Trichet will have a hard time sticking to the mantra, with both the SNB and BOJ choking about currency imbalances, with all the fracture possibilities for common currency countries. For the Euro to survive with membership intact including Spain and Italy a lower Euro is needed. commodity currencies: Aud took the plunge as longs took the brunt over the past few days. Was early, got stopped out, then had sold Aud again as it hit the extremes of volatility resulting from US congressional...
DEJA VU
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