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by Ashraf Laidi
Posted: Jun 15, 2009 12:47
Comments: 98
View Hot-Chart
This thread was started in response to the Hot-Chart:

CADJPY's Next Target

 
raulin
london, UK
Posts: 65
13 years ago
Jul 2, 2009 18:33
Ashraf it seems to me that CAD/jpy having fallen out of its daily uptrend channel since JAN on the 22 June is looking very suspect and this is very significant (this pair channels very nicely as do some of the other yen pairs (not gbp/jpy!) . I have been looking at some other correlations -usd/cad , very hard to call looking bearish for usd/cad below 1.500 and choppy and I don't particurly see persistent JPY strength unless S and Poors stays below 900 but do know that July is traditionally a poor month for both CAD and JPY but am keen to keep a long term CAD/JPY short. What are your views?
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 29, 2009 19:34
Gunjack ,wait for 1.1540s and target 1.1610 again

Ashraf
Gunjack
London, UK
Posts: 1184
13 years ago
Jun 29, 2009 16:56
Hi Ashraf - USDCAD hitting 1.16...Do you still believe there is value to get into a long trade or is this now overbought, considering oil is up ~2.5% today and stk indexes also positive.

Thanks
Gunjack
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 29, 2009 15:58
pipples, USDCAD is up 60 pips since that update. simp;y shorting CADJPY may take you nowhere due to yen weakness so when you short both ur more likely to make $$$. 1.1630 remains key resistance.

Ashraf
Pipples
Yorkshire, UK
Posts: 34
13 years ago
Jun 29, 2009 14:04
Hi Ashraf. Your latest Twitter 'Better to go short USDJPY and long USDCAD than simply short CADJPY'. Care to give a bit more detail?
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jun 22, 2009 14:03
Raj, thats fine.. youll have to wait a while for USDJPY to get to 96.50. why dont you look into selling ay 9600 for limit at 9540

Ashraf
14raj
Kolkata, India
Posts: 210
13 years ago
Jun 22, 2009 13:29
Hi Ashraf,
whats your thought about USDJPY?I am just anticipating to sell around 96.50 with stop at 96.80 with target of 94.50...
Pipples
Yorkshire, UK
Posts: 34
13 years ago
Jun 22, 2009 11:07
Sorry - forgot the forum doesn't like symbols... GBP
Pipples
Yorkshire, UK
Posts: 34
13 years ago
Jun 22, 2009 11:06
Any update on your thoughts re. CAD/JPY, Ahraf?

Also, what's going on with the !!!
cougr
Australia
Posts: 101
13 years ago
Jun 18, 2009 13:44
Steven ,momentum is currently favoring the upside but price should fall again when momentum fizzles.