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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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Stationdealer
London, UK
Posts: 715
14 years ago
Jul 20, 2010 20:49
Taking asraf's target of 1.0620,
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 20, 2010 20:47
I just went long 1.0445
rrose
United States
Posted Anonymously
14 years ago
Jul 20, 2010 20:21
going back in at 10490 stops at 10530
rrose
United States
Posted Anonymously
14 years ago
Jul 20, 2010 20:16
some profit now at 10440
rrose
United States
Posted Anonymously
14 years ago
Jul 20, 2010 19:49
anyone following this trade?
rrose
United States
Posted Anonymously
14 years ago
Jul 20, 2010 19:35
move stops on dollar cad to 10530
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 20, 2010 6:52
In other words moving sideways much of the time till we emerge into a breakout position. i my view loonie is selling again if we do not see a rate hike. In case that happens, tomorrow will favour buying dips the following day, especially if china continues to stay big in the new. Although I'm tempted to go long GBPCAD right now 1.6070 hold for target 1.6370. But I have enough positions in it already.

Added new sell in GBPAUD at 1.7635, I can pretty much see it bottoming out right around 1.7385 ATM, but hoping to get at least 1.7225 out of it.

Expecting EURCAD to hit 137 today which was has been my target since last month.

CADCHF coming from a high of 1.0030 is likely to dip further today but again is favoured as a buy on dips. Targets 1.0160, 1.0270, 1.0325. While CADJPY is likely to reverse today while staying in a up channel. Targets in mind 83.30, 83.85, 84.45 in a attempt the pair is to stay in a continuation trend.
Passion Trader
Singapore, Singapore
Posts: 52
14 years ago
Jul 20, 2010 5:37
Expecting 1.0650 resistance to be very strong this week and may look to go short that level upon daily confirmation on Tuesdays close. The weekly is currently in congestion action cycling between 1.0700 resistance and 1.0300 support and we expect next week to see much of the same. The monthly is looking to get a trend run up started at the close of July but it should be a very weak trend indeed. The reason is that the monthly pldot is pushing straight up into a brick wall of resistance into 1.0700 or higher as that level sees the yearly pldot/51dn combo and the 5yr envelope bottom all as resistance just overhead. We also see a live monthly 53/61dn resistance combo setting up for August into this 1.0700 general higher time period resistance zone. If we get a daily 51/52dn resistance combo into 1.0650 resistance on Mondays close then we may consider to go on short.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 19, 2010 15:43
Earlier on BNN todayhttp://bit.ly/c08IiA


$USDCAD looks like will test 1.0590s before retreating later on ahead of tmrrows BoC decision $$

Ashraf
Passion Trader
Singapore, Singapore
Posts: 52
14 years ago
Jul 19, 2010 14:13
USDCAD Daily: failing to make new higher highs and new lower lows, this pair is building up steam as it funnels into a triangle pattern. Resistance levels are bunched together not much higher from here; support levels are more spread out. The greatest potential for a powerful breakout of this triangle seems to the topside, but we will probably see a bit more indecision before we get a break ... up or down. Commodity currencies have struggled to keep the strength going ...
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