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Clouds replied Apr 14, 2010well, i agree that it was the euro that broke the TL. but the consequences of that TL break may spell weakness to the CAD, as I don't really see E/U bullish over an extended period.
USD/CAD
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Clouds replied Apr 14, 2010i guess i post eur/cad chart, as 4HR TL broke., (Cad weakness?) Around 1.33 was also support 3 novembers back. image
USD/CAD
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Clouds replied Apr 14, 2010never been even close to down that many pips. i have long-term views, and daily views. i dont hold positions that long, but i can still have an opinion for long term view. having different time frame views helps me stay sane.
USD/CAD
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Clouds replied Apr 14, 2010well - long-term i see aud as a range .94-.86 double top breaking .86 and further into .70ish. cad long-term to test the 100 SMA on monthly at 1.20
USD/CAD
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Clouds replied Apr 14, 2010i think it should be fine. usd/chf dipped 50 pips below parity before going up to 1.08
USD/CAD
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Clouds replied Apr 14, 2010i favor buying usd/chf at 1.05 the "00" level targeting 250 pips.
Nearly Naked (Simple Trades)
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Clouds replied Apr 14, 2010I am.... Its' got 100/200 sma on daily around that area, - it's support area, and may turn into an H&S. Also E/U dealing with downtrend TL now.
Weekly COT report Analysis + Trade Ideas
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Clouds replied Apr 14, 2010do u mean weaker? the dollar is weak. even if it gets stronger, it'll still be weak.
EURUSD
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Clouds replied Apr 14, 2010ill go down to 1.33 by week's end IMO. usd/chf is at bottom of it's range at 1.05 should go up to around 1.0750, and will bring e/u down to bottom of it's range. then people can either go long for another range play, or see if we'll ever get a trend ...
EURUSD
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Clouds replied Apr 14, 2010maybe something to do with triple wednesday, not sure
Nearly Naked (Simple Trades)
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Clouds replied Apr 14, 2010hey shahab, i was wondering if u had any analysis of eur/cad..... on my charts it looks like it may have broken a long-term trend line since eur/cad and eur/aud are good reverse indicators of aud/usd and usd/cad
Weekly COT report Analysis + Trade Ideas