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by Ashraf Laidi
Posted: Sep 10, 2009 10:56
Comments: 26
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This thread was started in response to the Hot-Chart:

CADJPY Downtrend Intact

 
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redstone
bristol, UK
Posted Anonymously
15 years ago
Oct 5, 2009 16:04
Hi Ashraf any idea how long yen strength will persist against GPB. Would EUR now be a stronger currency against GBP in this last quarter of 2009 ? Many thanks
abood26
Damascus, Syria
Posted Anonymously
15 years ago
Oct 5, 2009 15:23
hello Ashraf where do u see eur/usd and eur/uen short term pls
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Oct 5, 2009 14:31
glory, when jpns speak abt yen strength that would be NEGATIVE for JPY, therefore it would SUPPORT CADJPY (and other yen pairs) higher...not lower.

bojan, yes that would be the idea... ihad a chart on CADJPY, USDCAD & S&P500 in the webinar. CADJPY seen bigger mover when stocks intensify losses. USDCAD not rising as much as as oil remains supported.

Ashraf
bojan
Arizona, United States
Posts: 111
15 years ago
Oct 5, 2009 13:59
Ashraf,

in the case that market starts moving lower, and if oil starts moving lower as well, would it be a good idea to shorten CAD/JPY, and long USD/CAD ? Who do you expect to be big mover in US trading day.

Thanks
Rob
New York, United States
Posts: 305
15 years ago
Sep 21, 2009 3:43
Who agrees that this downtrend is still well-intact, and actually at its peak once again? I'm shooting for sub-82.50 target myself.
glory
Singapore, Singapore
Posts: 10
15 years ago
Sep 17, 2009 10:46
BOJ comments on strong yen, does this mean we can see CADJPY pull back to 0.83 again?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 16, 2009 18:29
Adam, Farzan,

look for a corrective bounce towards 85.40s before pulling back lower. Just watch oil and that 72.50-60 resistance. The contrast remains between API and EIA data as former showed a big build andlatter showed a drawin crude oi. but be aware that distillate and gasoline were up.

Ashraf
Farzan
Oakville, Canada
Posts: 10
15 years ago
Sep 16, 2009 17:59
Hello Ashraf,

I have been quiet puzzled by the EIA report that crude stocks are declining more than expected by quiet a lot and this has gone on for two weeks; usually demand drops around this right (correct me if I am wrong). I just wanted to know what your thoughts are on this matter as I am long USD/CAD; also do you see 85.33 as top for CAD/JYP?

Thanks.
adamcpf
Lisbon, Qatar
Posts: 58
15 years ago
Sep 14, 2009 20:35
great call on this Ashraf, scaled out already some profit on the Daily M1 pivot today around the 83.30 area. What kind of pull back do you expect on this one before we try and break 83.00. I'm figuring 84.40 to load up again, the 382 of the 86.50-83.00 move.

thanks for your input.

Adam
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 11, 2009 20:41
bulldog, it was more a case of USD weakness and the earlier oil bounce.

Ashraf
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