社区
博客

外汇社区博客

转帖到博客
按标签筛选:  Eleven Year Highs
Avatar

USD/CAD to climb some more

al_dcdemo 发布26 9月 为分析在 USD/CAD , Target: 1.3425, 日期: 2 于 11月, 12:00 GMT  在 #Technical analysis #Oil #USD/CAD #Breakout #Uptrend #Rate Cut #Strong Demand #Eleven Year Highs #Weak Fundamentals #Second Wave
Monthly chart:
The pair is in uptrend since 2011. It broke above 38.2% retracement (of the 2002 to 2007 decline) in January and then traded around 50.0% retracement for nearly three months. In April, the pair pulled back deep enough to clear stops below 1.20. The confluence of the broken trendline (drawn off 2003, 2004 and 2009 highs) and 38.2% retracement wasn't even properly retested before the pair resumed its uptrend. It is currently trading at eleven-year highs.
Weekly chart:
After Q1 range…
阅读全文
翻译为 英语 显示原始

既然您还没有登录，我们不知道您的口语，但认为是 英语
请登入或从列表中选择另一种语言翻译。

– 或 –

4 意见
al_dcdemo avatar
al_dcdemo 27 9月

UPDATE 1: Apart from GDP, there's little coming out from Canada in the week ahead. Events from the US will again be in focus: Fed speakers, CB Consumer Confidence, ISM Manufacturing PMI and NFP figures. There's resistance zone between July 2004 high (1.3385) and 1.35 which includes 61.8% retracement of the 2002 to 2007 decline (1.3470). 50 DMA has held the pair since June and is the first stronger level on the downside.

al_dcdemo avatar
al_dcdemo 29 9月

UPDATE 2: Uptrend in Loonie is slow but persistent. The pair has posted (yet another) new eleven-year high today, breaking above last Thursday's high by 15 pips before pulling back. The drivers remain weak commodities and general risk-off sentiment. Hawkish comments from Fed speakers yesterday didn't help it either. First stronger intraday support is seen at 1.3385 - 1.3400 and then between 1.3335 and 1.3365. There's quite a few resistance levels stacked up ahead of the big 61.8% retracement.

al_dcdemo avatar
al_dcdemo 2 10月

UPDATE 3: This is shaping to be the best week for the Canadian dollar since June. After posting new eleven-year high on Tuesday, the pair turned sharply lower on Wednesday. Follow through selling on Thursday was cemented on Friday, after the release of US NFP report for September which was a big disappointment. The pair's shorter-term correlation with oil faded a bit but it's the longer-term one that really counts.

al_dcdemo avatar
al_dcdemo 9 10月

UPDATE 4: Commodities rallied this week with the oil (WTI) gaining about $4, which is even more significant (8%) in percentage terms. Loonie has convincingly broken below three big support levels: 50 DMA (currently ~1.32), 2008 high (1.3064) and 1.30 big figure level. 100 DMA is the next one ahead of Q1 highs between 1.2800 and 1.2835. Momentum is strong and may easily carry it another couple of cents lower.

或留言
Avatar

USD/CAD to continue motoring higher

al_dcdemo 发布27 8月 为分析在 USD/CAD , Target: 1.3325, 日期: 1 于 10月, 12:00 GMT  在 #Technical analysis #Oil #USD/CAD #Breakout #Uptrend #Rate Cut #Strong Demand #61 8 Retracement #Eleven Year Highs #Weak Fundamentals
Monthly chart:
The pair is in uptrend since 2011. It broke above 38.2% retracement (of the 2002 to 2007 decline) in January and then traded around 50.0% retracement for nearly three months. In April, the pair broke back down and continued lower to clear stops below 1.20. The confluence of the broken trendline (drawn off 2003, 2004 and 2009 highs) and 38.2% retracement wasn't even properly retested before the pair resumed the uptrend. It is currently trading at eleven-year highs.
Weekly chart:
A…
阅读全文
翻译为 英语 显示原始

既然您还没有登录，我们不知道您的口语，但认为是 英语
请登入或从列表中选择另一种语言翻译。

– 或 –

12 意见
查看更多评论
al_dcdemo avatar
al_dcdemo 27 9月

UPDATE 8: Apart from GDP, there's little coming out from Canada in the week ahead. Events from the US will again be in focus: Fed speakers, CB Consumer Confidence, ISM Manufacturing PMI and NFP figures. There's resistance zone between July 2004 high (1.3385) and 1.35 which includes 61.8% retracement of the 2002 to 2007 decline (1.3470). 50 DMA has held the pair since June and is the first stronger level on the downside.

al_dcdemo avatar
al_dcdemo 29 9月

UPDATE 9: Uptrend in Loonie is slow but persistent. The pair has posted (yet another) new eleven-year high today, breaking above last Thursday's high by 15 pips before pulling back. The drivers remain weak commodities and general risk-off sentiment. Hawkish comments from Fed speakers yesterday didn't help it either. First stronger intraday support is seen at 1.3385 - 1.3400 and then between 1.3335 and 1.3365. There's quite a few resistance levels stacked up ahead of the big 61.8% retracement.

WallStreet6 avatar
WallStreet6 30 9月

Great analysis and an accurate forecast!

fxsurprise8 avatar
fxsurprise8 30 9月

gl! only 15 pips away right now

al_dcdemo avatar
al_dcdemo 1 10月

Thanks! Let's hope it trades back above the big figure. :)

或留言

Top bloggers

Blogger Posts / 赞好

Top rated posts