The Loonie is also weakening near the bottom of the G10 ranks along with the Aussie and Kiwi that has failed to glean any lasting traction from firmer than forecast CPI or the fact that the Aud/Nzd cross remains top-heavy above 1.0700. Usd/Cad is back above the 1.2700 handle, Aud/Usd under 0.7750 and Nzd/Usd sub-0.7250 all awaiting the FOMC, though the latter also...
USDCAD Multiple Time Frame Analysis and Trade IDEAS Daily or Swing Trading Opportunity: Time Frame D1 or 12Hr Chart The daily chart is showing a completed ABC zigzag pullback. I like to call this the PC pattern We have opportunity both on the D1 chart to take the Next Wave 5 Down within this Wave 3 down Also there is a potential opportunity for he Intra-Day...
A few days ago I saw this setup and its still intact. Title of Previous Idea was : USDCAD Will it lift off? that question is still in tact. and so we still ask, will it go to the moon?
JGB yields brushed off USMCA headlines yesterday and took a positive turn above the zero mark! JGB's haven't been positive since March 2019! Is this hinting that investors turn optimistic on global economies? Or just a shot-lived surge own to auction? Supported by impeachment uncertainty and poor US data yen rose against the greenback yesterday, however, the...
CADJPY is a wild one. In this screencast I show long and short opportunities depending on how much loss one is willing to take and on which time frame one is operating in.
In today’s market insights I talk about YouGov’s MRP (multi-level regression and post-stratification) poll and how predicting UK’s vote share with 93% accuracy in the past supports the British Pound! Aside from politics potentially moving the UK markets today, we have important GDP data coming out from Canada too. And this is likely to affect loonie. The...
In today’s market insights video recording I talk about markets’ muted reaction to the impeachment hearings and focus on the assets that moved! USDCAD was bid on a hawkish Poloz as he lowered down markets' expectations of a Dec rate cut. Loonie was also supported by OPEC+ likely production cut extension. While at it, I also analyse EURUSD despite it ended the...
In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD! Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain. Meanwhile, in Canada Trudeau won the...
In today's #marketinsights video recording I analyse #GBPUSDand #USDCAD FX Majors! GBPUSD records best day in months - Johnson-Varadkar see "pathway to deal" by end of October - Despite GDP and MAnufacturing data disappointed USDCAD down on tradewr optimism - Trump changed mind and now is open to a partial deal - Willing to and will meet He on Friday to resume...
*Yellow MA = 200 EMA | Blue MA = 100 EMA In this video, I go over the approaching support level for OANDA:GBPCAD and the potential play to the top of the consolidation box set after the reversal we see from January 2016 - October 2016. A play from the support to resistance is well over 1000 pips and has two different opportunities: 1. We bounce off of more...
There's a nice li'le head and shoulders in there looking ripe to short. But there is some potential difficulty. Trading ain't easy - is it? Have a look.
Loads of crowds are heading north on USDCAD. I don't follow crowds - sorry. In this screencast, I show my rationale for a contrarian perspective based on patterns in USDCAD (1D) and weakening in US-Dollar (1D) trend strength. I'm currently exploiting a 30 min time frame microtrend and willing to take a controlled loss (aka stop-loss), to limit how wrong I may be....
UCAD staircasing its way up to the supply Zone in a loose ABCD formation, dont sell it now there are plenty of reasons to sell it in the peak supply area instead.
GBP/CAD Short in play. Clean Retest of Support Region. Looking for further decline to 1.7100 If We can sustain A Oil Rally Next week the CAD will appreciate relative to GBP/CAD
USDCAD, Dollar Dumps, Bank of Canada Interest Rate Hikes. FOMC Tommorow and NFP Friday. How much Lower can the Dollar go?