USDCAD
FX Trading With MetaStock XENITH FOREX
FX Trading With MetaStock XENITH FOREX The foreign exchange market is unique because of the following characteristics: its huge trading volume representing the largest asset class in the world leading to high liquidity; its geographical dispersion; its continuous operation: 24 hours a day except weekends, i.e., trading from 20:15 GMT on Sunday until 22:00 GMT [...]
USD Long Position Spikes
USD Long Position Spikes DXY, AUD, EUR, NZD USD/JPY: 103.12.. EUR/USD: 1.2832 The US Dollar Index broke through the 84.00 level early in Friday’s US session, hitting a high of 84.35 before pulling back slightly. The USD Index held near 84.24, closing at its best mark since July 2010. The net amount of investor cash [...]
The Currency War Rages On, USD Outlook
The Currency War Rages On, USD Outlook The alignment in the currency markets has been incisive, as most countries are not bashful in their attempts to devalue their currencies. While the USD is gaining strength these days, the consequence of the current events does not look good for the USD. During Ys 2008-9 crises the [...]
USD/CAD Falls
USD/CAD intraday: key ST resistance at 1.016. Pivot: 1.016 Our preference: Short positions below 1.016 with targets @ 1.012 & 1.0095 in extension. Alternative scenario: Above 1.016 look for further upside with 1.018 & 1.02 as targets. Comment: the pair is rebounding but stands below its resistance. Opinion published is an intraday view. Green Lines [...]
USD/CAD Moving Lower
USD/CAD intraday: key ST resistance at 1.016. Pivot: 1.016 Our preference: Short positions below 1.016 with targets @ 1.012 & 1.0095 in extension. Alternative scenario: Above 1.016 look for further upside with 1.018 & 1.02 as targets. Comment: the pair has struck against its resistance and remains under pressure, the RSI is badly directed. Opinion [...]
USD/CAD Heads to Parity
USD/CAD intraday: under pressure. Pivot: 1.02 Our preference: Short positions below 1.02 with targets @ 1.015 & 1.014 in extension. Alternative scenario: Above 1.02 look for further upside with 1.0215 & 1.0235 as targets. Comment: the pair is rebounding but stands below its resistance. Opinion published is an intraday view. Green Lines Represent Resistance | [...]
USD/CAD Headed Lower
USD/CAD intraday: under pressure. Pivot: 1.0035 Our preference: Short positions below 1.0035 with targets @ 0.9985 & 0.9965 in extension. Alternative scenario: Above 1.0035 look for further upside with 1.0065 & 1.0085 as targets. Comment: the RSI lacks upward momentum. Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels [...]
USD CAD to Rally
USD/CAD intraday: further advance. Pivot: 1.0035 Our preference: Long positions above 1.0035 with targets @ 1.0085 & 1.01 in extension. Alternative scenario: Below 1.0035 look for further downside with 1 & 0.9985 as targets. Comment: the pair has rebounded on its new support and should post further advance as the RSI is turning up. Opinion [...]
US Dollar Climbs to 80.25
US Dollar Climbs to 80.25 10-Yr: -01/32..1.966%.. USD/JPY: 92.86.. EUR/USD: 1.3358 US Dollar Climbs to 80.25: The US Dollar Index holds near session highs at 80.25, on track to close at a one-month high. EUR/USD is -35 pips at 1.3360 with Friday’s selling pushing the pair through the 1.3400 support level. Traders have begun to [...]
USD CAD the bias remains bullish
USD CAD the bias remains bullish Pivot: 1.0005 Our preference: Long positions above 1.0005 with targets @ 1.0045 & 1.0065 in extension. Alternative scenario: Below 1.0005 look for further downside with 0.998 & 0.9945 as targets. Comment: the pair is facing a pull back but stands above its support. The greenback was mixed against its [...]
Canadian Dollar to Fall
USD/CAD intraday: under pressure. Pivot: 1.0045 Our preference: Short positions below 1.0045 with targets @ 1.0005 & 0.998 in extension. Alternative scenario: Above 1.0045 look for further upside with 1.0065 & 1.01 as targets. Comment: the pair stands below its new resistance and remains under pressure. Opinion published is an intraday view. Green Lines Represent [...]
FX Daily Strategy: EUR, GBP, USD, NZD
FX Daily Strategy: EUR, GBP, USD, NZD ON BULLETS • Moody’s cuts rating of six Canadian banks on high consumer debt and rising house prices • NZ posts a surprise trade surplus of NZD486mn in December USD US Durable goods data was much better than expected up 4.6% m/min December, but pending homes sales were [...]
USD CAD towards 1.0055
USD CAD towards 1.0055: USDCAD spiked at 1.0037 and managed to remain above the psychological 1.00 level, as Bank of Canada kept the policy rate unchanged at 1.0%. Pivot: 0.998 Our preference: Long positions above 0.998 with targets @ 1.0035 & 1.0055 in extension. Alternative scenario: Below 0.998 look for further downside with 0.9945 & [...]
US Dollar Trading
US Dollar Trading USD/JPY: 89.96.. EUR/USD: 1.3325 The US Dollar Index has pulled back onto the 80.00 mark after early strength saw the pair test 80.20. Friday’s action has the Index on track for its best close in 2 wks. EUR/USD is -50 pips at 1.3320 as markets ready for LTRO repayments which are scheduled [...]
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