Showing posts with label canadian dollar trading. Show all posts
Showing posts with label canadian dollar trading. Show all posts

Tuesday, January 15, 2013

Update on Canadian Dollar by @JimIuorio

Update on Canadian Dollar by @JimIuorioSocialTwist Tell-a-Friend

Attached is a daily chart of March Canadian Dollar.  We maintain a bullish bias throughout recent consolidation. 

The story about Germany's repatriation of gold should definitely be viewed as a "safe haven" story as banks are becoming less confident in fiat currencies.  Although the initial reaction is negative on all,  
non-dollar currencies, we believe that further analysis will seperate good currencies from bad. 

Canadian Dollar is a good currency by comparison.  We will remain long until market       
settles below 101.00.  We will increase bullish bias on a move above 101.60 with an objective of 102.15.

Good trading,

Friday, January 4, 2013

Update on the Canadian Dollar by @JimIuorio

Update on the Canadian Dollar by @JimIuorioSocialTwist Tell-a-Friend

Attached is a 50-day chart of the Canadian Dollar.

This morning's positive employment data in Canada and mildly positive U.S. data has put a bid back into the currency.   We maintain a long bias with an objective of 101.60 and a stop out level below yesterday's low of 100.62.

Have a great Friday,

Wednesday, December 12, 2012

@JimIuorio commenting on Canadian Dollar

@JimIuorio commenting on Canadian DollarSocialTwist Tell-a-Friend

Attached is a daily chart of December Canadian Dollar.

We maintain a positive bias as the "risk on" trade has shown no clear signs of reversing. Later in the day, we will hear from the Fed and expectations are for an increase of asset purchases.  This creates a possibility of disappointment.   We would be inclined to cover half of our long position before the Fed release.  For the other half of our position we would set a stop below 100.95 on a closing basis.

Good luck today..

Wednesday, October 17, 2012

Thoughts on Candian Dollar by @JimIuorio

Thoughts on Candian Dollar by @JimIuorioSocialTwist Tell-a-Friend

Our Euro Currency trade from yesterday continues to work and we would be inclined to leave it on.
We now turn our attention back to the Canadian Dollar as it appears ready to breakout of the consolidation pattern that has dominated over the last several weeks. If  December Canadian dollar trades above 102.35 we would initiate a long position and then add to that long if 102.55 is traded.
Our initial objective would be a retest of old highs around 103.50 at which point we would cover up to half of the position. Stop-out level would be a settle below 101.00.

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