Forum
Posts by "jackd"
22
Posts by Anonymous "jackd":
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Curious. This is like what USDCAD was weeks ago, when it barely moved up on bad news but made big down moves on any whisper of good news for the CAD.
Because of the PA, my personal conclusion is to stay away from shorting GBP and instead concentrate on the other currencies.
-Jack
What is with the USDJPY? Risk currencies and oil are down but Yen went down too.
Confused.
-Jack
What do your buddy the oil specialist think about oil breaking the 66.45 support level today?
BTW, good going Forextrader!
-Jack
Could you please explain to me your reasons to go long USDCAD at this point? In other words, why are you wanting to catch a falling knife?
Curious and wanting to learn,
Jack
Can you please look back at prior Toshin Japanese investment days? I am wondering how much of an upward bounce to the USD JPY pair can we expect whenever these Toshins open. That is there is an expectation currently that the Yen will devalue temporarily whenever these Toshins (every 3 months?) start as massive amount of Yen used to buy higher yielding currencies in just a few day period.
Hope I make sense.
-Jack
When you recently stated, "Our long favoured short AUDCAD is now at 7-week low well below 0.89, heading into 0.88 and 0.8740," did you perhaps misspoke about the 0.89 level and meant maybe 0.90?
Do you still see a turnaround from today's bullish run up on AUDCAD and expect the currency pair to go lower to the 0.88 area?
Thanks,
Jack
Thank-you for taking time to respond. Do you have any insights as to why there is so much downward pressure on the USDCAD pair? Fundamentally, it should be going up, yes I agree fully. With oil this low, it should be a lot higher. Since I am a scientist, I have been testing selling the rallies on this pair for a few days. All those scalps did very well showing that PA is negative the up trend. That is, on any news or rumor giving an excuse for CAD strength, no matter how slight, price takes a tumble. That seems to indicate that if oil takes a minor correction to the upside, this pair could plummet. On the other hand, with price forced low, great buying opportunity for eventual long term payoff.
-Jack
On the USD/CAD, your projection is 1.1740 and beyond. I have noticed though that the market really has been punishing rallies in this currency pair. Even with the oil break to under 60 could not get this pair going. Are you still bullish?
-Jack
You had mentioned not too long ago that a safe long term strategy is to go long AUD/USD. Is this still good? If so, should one wait a little bit more for AUD/USD to go down before getting in on the long side?
-Jack