Forum > View Topic (Hot-Chart)
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

 
12345678910
speculator
Posted Anonymously
15 years ago
Jul 10, 2009 15:09
carclo, its also about irrational speculators overshooting fair value which resembles herding. H2 has a good chance of being just as volatile as H1.
Carlco
bristol, UK
Posts: 151
15 years ago
Jul 10, 2009 14:43
ie deflation fears meaning you 'dont' want to be holding commodities. deflation fears are from even lower demand, if the fed has stopped QE that was temporarily skewing the inflation, is this a good time to be shorting EVERYTHING!
Carlco
UK
Posted Anonymously
15 years ago
Jul 10, 2009 14:39
i read that DEFLATION may well threaten USA for the rest of the year, is this what you've been seeing in the CADJPY correction? Gold also retreating , so AUDJPY AUDUSD CADJPY shorts now?
Do you follow grains and natural gas ?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 9, 2009 16:55
Jack, what you said is unclear to me: "That seems to indicate that if oil takes a minor correction to the upside, this pair could plummet. On the other hand, with price forced low, great buying opportunity for eventual long term payoff".

when oil drops, CAD drops i.e. , USDCAD goes UP, when oil rebounds (as it just did back to 60) CAD rises, ie. USDCAD drops. This works 90% of the time. Obviously, stocks also have positive correlation with CAD. i.e. INVERSE relation with USDCAD. thats all.

Ashraf
JackD
United States
Posted Anonymously
15 years ago
Jul 9, 2009 16:49
Dear Ashraf,

Thank-you for taking time to respond. Do you have any insights as to why there is so much downward pressure on the USDCAD pair? Fundamentally, it should be going up, yes I agree fully. With oil this low, it should be a lot higher. Since I am a scientist, I have been testing selling the rallies on this pair for a few days. All those scalps did very well showing that PA is negative the up trend. That is, on any news or rumor giving an excuse for CAD strength, no matter how slight, price takes a tumble. That seems to indicate that if oil takes a minor correction to the upside, this pair could plummet. On the other hand, with price forced low, great buying opportunity for eventual long term payoff.

-Jack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 9, 2009 16:36
Jack, yes i am, we saw USDCAD hit 1.1630 right after hiting 1.1550. this market is very volatile THE TREND REMAINS UP AND 80-100 PIP DECLINES DO NOT WARRANT A FUNDAMENTAL EXPLANATION. the 5 week channel in USDCAD will tell you that we're still firmly UP.

Ashraf
JackD
United States
Posted Anonymously
15 years ago
Jul 9, 2009 15:59
Dear Ashraf,

On the USD/CAD, your projection is 1.1740 and beyond. I have noticed though that the market really has been punishing rallies in this currency pair. Even with the oil break to under 60 could not get this pair going. Are you still bullish?

-Jack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 3, 2009 0:50
spec, stocks would have to near those March levels for us to see 1.25. I would not bet on it any time soon.

Ashraf
speculator
Posted Anonymously
15 years ago
Jul 2, 2009 23:57
ashraf will we see (near) CAD1.25/$ this year?

cheers
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 2, 2009 20:24
raulin i agree, safer to see an S&P close below 900 and closer to that key support of 880 which the bulls want to test. or maybe CADJPY is forming H&S w. right shoulder at 86 and target at 79. Andyes, i agree, im not fan of shorting GBP vs USD or vs JPY.

Ashraf
Report Reply
12345678910