Here’s an interesting idea for the AUD/CAD - which you’ll notice is in a great uptrend. There’s an opportunity for a bullish breakout soon. But stepping back, to a 5-year chart, notice the story of fibonacci.
What do do??
Let’s consider Fibonacci retracements. Fibonacci lines are drawn from the bottom to the top of a major [...]
Archive for the ‘Canadian dollar’ Category
Fibs, fading and the AUD/CAD
Posted in Australian dollar, Canadian dollar, tagged aud/cad, fading, fibonacci on March 6, 2008 | No Comments »
This weekend’s G7 cliff notes
Posted in Canadian dollar, Economics, Euro, U.S. dollar, tagged dollar, Economics, Euro, G7, group of seven, loonie on February 11, 2008 | No Comments »
The Group of Seven (G7) nations - France, Germany, Italy, Canada, Japan, United Kingdom, United States of America - met this weekend. The finance ministers of these countries meet a few times a year to discuss their own, and the global, economy.
Sometimes this is a bigger event than other times. For example, many months [...]
The big picture
Posted in British pound, Canadian dollar, Euro, Japanese yen, tagged forex, stocks, george soros, comparison on January 28, 2008 | 1 Comment »
Well, here’s to a new week! An excellent way to start out is spending a moment on the “big picture.”
Technically the euro remains strong, the pound and loonie weak, and the yen has been gaining strength. The comparison chart on the left illustrates this nicely.
Fundamentally nothing has changed - there is trouble, and trouble [...]
CAD/JPY ka-pow!!
Posted in Canadian dollar, Japanese yen, tagged breakout, cad, forex, jpy, look at me i was right it did pop up and we saw it comi, loonie, trend, yen on December 27, 2007 | No Comments »
It’s not hard to look half-way smart when you talk about something (CAD/JPY) for weeks and then it happens, gloriously … when it’s a red-hot currency or currency pair. But let the real lesson not be lost: the lesson about picking battles and going for the best bets.
To be super annoying, let me quote [...]
Year-end in review
Posted in Australian dollar, British pound, Canadian dollar, Carry trade, Commodities, Fed, Japanese yen, New Zealand dollar, Swiss franc, U.S. dollar, tagged comparison, currencies, forex, year in review on December 26, 2007 | No Comments »
Here is the year in review as a comparison chart (left, click to enlarge) comparing the major currencies, in this case versus the euro. The worst performing currencies, the USD and GBP, were down about 9% vs. the euro. The best, the loonie, was up about 9%%.
What happened this year?
The year had a lot [...]
CAD/JPY chompin’ at the bit
Posted in Canadian dollar, Japanese yen, tagged cad, forex, jpy, loonie, resistance, support, yen on December 18, 2007 | 1 Comment »
Just following up something we talked about last week. The pair is looking bullishly frisky, trying to pop to the topside. It’d be nice to see more follow through though, considering the pair is at some resistance.
For comparison, consider trades like we saw in it several months ago - I highlighted some possible [...]
Recurring patterns on the CAD/JPY
Posted in Canadian dollar, Japanese yen, tagged cad, crazy loonie, credit fiasco, fibonacci, forex, jpy, liquidity, loonie, ppi, stochastics, u.s., yen on December 13, 2007 | 1 Comment »
It’s interesting to note that this pair is sort of doing the same thing it was a few months ago.
It is sort of squirling around right now in a coil. Almost looks like a triangle may be happening. In Aug/Sept it did something pretty dang similar. I can draw lines then and now and [...]
The loonie is YUCKY, is there anything to do?
Posted in Canadian dollar, tagged cad, flag, forex, loonie, price pattern on December 11, 2007 | 1 Comment »
It’s now official, the loonie is in a yucky funk. Old news huh? What to do about the once mighty currency …
The chart below shows proof of this “yuckiness” - a “V” shape on the USD/CAD. V shapes are horrible and hard to trade. And now you look at the thing and boggle [...]
Wrapping up the week looking at the big picture
Posted in Australian dollar, British pound, Canadian dollar, Japanese yen, New Zealand dollar, Swiss franc, U.S. dollar, tagged comparison chart, forex, relative performance, relative strength on December 7, 2007 | No Comments »
It’s always a good idea to regularly look at the “big picture.” One suggestion is to run a relative strength analysis, which is a common method in technical analysis. Basically, bring up the EUR/USD and then in Chart Settings, type in the other EUR based pairs in Comparison Chart, one by one. This compares [...]
All the latest on crime and currencies right here
Posted in British pound, Canadian dollar, Euro, U.S. dollar, tagged pound, dollar, usd, gbp, eur, cad, forex, Euro, loonie, crime, money laundering on December 5, 2007 | No Comments »
You can count on InvestoolsFX to give you the most up-to-date info on currencies as they relate to crime! This come from an interesting conversation among several of us here at Investools.
Shay Aslett shared this link, which is an article [...]
“Best of” the weekend’s OPEC mtg, the scoop on oil
Posted in British pound, Canadian dollar, Oil, tagged forex, Oil, loonie, chavez, Ahmadinejad, freak shows, freak boats, freaks of nature, loonies on November 19, 2007 | No Comments »
In addition to being interesting and informative for trading, the OPEC meeting sure was entertaining! I mean, what do you expect with a couple of freak-shows like Hugo Chavez (Venezuela) and Mahmoud Ahmadinejad (Iran) running around? *note, no offense if you’re a big fan of either, they were just trying [...]
The week at a glance
Posted in Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, New Zealand dollar, Swiss franc, U.S. dollar, tagged aud, aussie, cad, chf, dollar, eur, Euro, forex, franc, gbp, kiwi, loonie, nzd, pound, swissy, usd, week summary on November 16, 2007 | No Comments »
In an effort to help you prep for the week ahead, here’s a quick glance at who did best - and worst - for the week. It’s a good idea to stay on top of this so that you know which currencies to avoid and which to look for opportunities in.
Notes that these [...]
That crazy loonie!
Posted in Australian dollar, Canadian dollar, Euro, Japanese yen, U.S. dollar, tagged aud, cad, Canadian dollar, dollar, Euro, forex, loonie, Risk, usd, yen on November 15, 2007 | No Comments »
The farthest to rise has been one of the farthest to fall in the last week. So loonie! What is going on??
A couple things:
#1: People are freaking out over how high the Canadian dollar is getting. I would too if 3/4 of my exports went [...]
AUD/CAD scalp update
Posted in Australian dollar, Canadian dollar, tagged aud, aussie, bounce, breakout, cad, Commodities, forex, loonie, resistance, support on November 8, 2007 | No Comments »
So it broke to the upside today, now let’s look for this below (a retest and then continuation higher). If you didn’t get in on the break, wait for that retest before considering a buy signal.
Tuesday’s Daily Audio Commentary
Posted in Audio commentary, British pound, Canadian dollar, Euro, Japanese yen, U.S. dollar, U.S. stocks on April 15, 2008 | No Comments »
Tuesday 04/15/08
To quote from Andrew Busch, currency strategist for BMO Capital Markets: Happy Tax Day! Most likely, this will be the lowest tax rate you will be paying for the rest of your life…….
AUD rally then retracement overnight on rumors and then spends the rest of the nigh selling off
$CRX.X, GLD, SLV, OIL make the [...]
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