Tag Archives: CAD

Canadian Dollar setup

The Aussie and Canadian Dollars have both had “safe haven” buying support since the Cyprus situation emerged. The Aussie: Swiss Franc pair recently broke through channel resistance and the Canadian Dollar could now follow suit.

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CAD/JPY “History Rhymes”

Yen weakness on the re-election of the LDP in Japan appears to anticipate the new government pressuring the Bank of Japan to further increase liquidity. While this may eventually be the case, and while favouring Yen weakness overall, in the … Continue reading

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AUD/CAD – Shoulder, Head, Shoulder?

Since the second week of October, the AUD is up 5 big figures (more than 5%) against the CAD. Given both currencies are considered commodity currencies, and have many similar macro drivers, this is a significant move. An evolving approach … Continue reading

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EUR:CAD sell trade – adding to the position and changing exit strategy.

With trend following strategies, most wining trades will be held through at least one or 2 minor corrections.  As the trend starts to develop there are often opportunities to take one or more of the following actions: Add to the position with pyramid staking strategies Move the … Continue reading

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AUDCAD – life in the old trend yet?

Rather than rattling on with the same old set of indicators for you I thought that today I would introduce you to a couple that you may well have heard of but have not used previously – the CCI and … Continue reading

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CAD/NOK – Sell Imbalance

Trade ideas can come from surprising sources. The team here at CMC Markets were looking at USD/JPY yesterday, and although there are a number of interesting factors in play (competitive devaluation, trade and debt issues, as well as chart set-ups) the … Continue reading

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USD/CAD Alert

The US Dollar Index is closely watched by traders around the world. A measure of the USD against a basket of currencies (substantially EUR, GBP and JPY), it is a useful indicator of the overall performance of the world’s reserve currency……..and a striking … Continue reading

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CADJPY – Starting to find momentum

Everyone at the moment is talking about the upcoming FOMC decision and whether or not it will see a new round of economic stimulus announced. With the extraordinary amount of news sensitivity that is around at the moment I have … Continue reading

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AUDCAD Potential Short Term Reversal Zone – Guest Post

The Aussie currency pairs are trending strongly at the moment.  DV34 who frequently contributes comments to the blog has been kind enough to provide a detailed post on his technical analysis of Aussie: CAD.  Although both are regarded as “commodity” currencies, Aussie is looked upon as being … Continue reading

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Risk vs Risk – Sell AUD/CAD

The AUD/CAD cross is always on my watch list. Both are considered risk or growth related currencies. Both are linked to a major economy – the CAD to America and the AUD to China. While US data is showing a … Continue reading

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