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12-14-2007, 12:48 PM
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USDCAD - The ratio of long to short positions in the USDCAD stands at 2.31 as nearly 70% of traders are long. Yesterday, the ratio was at 1.67 as 63% of open positions were long. In detail, long positions are 10.2% higher than yesterday and 9.8% stronger since last week. Short positions are 20.0% lower than yesterday and 4.9% weaker since last week. Open interest is 1.1% weaker than yesterday and 3.1% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
Source: FXCM Execution Desk
For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html
For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968. |
12-16-2007, 12:35 PM
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USDCAD "blue line"
following the cross of the blue line, currently long with stop-loss at 0.9992
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12-17-2007, 06:59 AM
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Look's like this Evening Doji Star has set off a CAD Rally
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12-17-2007, 07:01 AM
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Quote:
Originally Posted by cbueno
following the cross of the blue line, currently long with stop-loss at 0.9992
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cbueno, what exactly is the blue line on your chart? |
12-17-2007, 07:12 AM
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Quote:
Originally Posted by Terri Belkas
cbueno, what exactly is the blue line on your chart?
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Hi Terry,
the blue line is a self-programmed indicator that works best with trends.
It keeps you in the trend in a different way as moving averages, as it
has the ability to stay flat if there´s no trend.
I will show the same line for other currencies.
Regards |
12-17-2007, 10:47 AM
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I was knocked out of my USDCAD long for 60 points, but the pull back to 1.0025 seemed like a good reason to get back in long. So, back in at 1.0045 with 65 points risk and targets similar to what I was initially looking at.
I'll keep with my medium term upside bias for USDCAD until the rising trend channel is broken; and since I'm long from the bottom of the channel, I'll be pretty confident in my stop.
NZDUSD is at the bottom of its own rising trend channel as well. Jumped in with full size at 0.7535 with risk of 60 points and an initial target 100 points up. This is one of the few anti-dollar positions I have on right now.
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12-17-2007, 12:39 PM
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USDCAD - The ratio of long to short positions in the USDCAD stands at 2.70 as nearly 73% of traders are long. Yesterday, the ratio was at 2.26 as 69% of open positions were long. In detail, long positions are 11.8% higher than yesterday and 20.7% stronger since last week. Short positions are 6.2% lower than yesterday and 19.1% weaker since last week. Open interest is 6.3% stronger than yesterday and 7.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
Source: FXCM Execution Desk
For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/special...140917987.html
For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968. |
12-17-2007, 01:57 PM
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Could this be the turn? Action sure feels like we are back in trending mode...down.
I was getting sick of that sideways crap  .
If my friends the euro/asian sellers show up again. It'll be clear sailing. |
12-18-2007, 12:00 AM
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Quote:
Originally Posted by speculator84
Could this be the turn? Action sure feels like we are back in trending mode...down.
I was getting sick of that sideways crap .
If my friends the euro/asian sellers show up again. It'll be clear sailing. |
We have some pretty heavy event risk out of Canada in the morning...CPI is scheduled to be released. With the BOC still concerned about upside inflation risks, stronger-than-expected CPI figures could ignite a solid rally in the Loonie. I'll be very curious to see if USDCAD will break below 1.00 again... |
12-18-2007, 03:27 AM
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Registered User
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Join Date: Jun 2007
Posts: 3
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Deflation and the Dollar
After seeing all the latest data it appears to me that we are in a deflationary environment.
The only prices that are going up is (food and energy) everthing else is going down in price, and if we are in for a slowdown in the US per say . What does this mean for commodities and the dollar especially against the commodity currencies?
So my 2 questions are - What does deflation do to the dollar?
What will that mean for commodities / i.e. commodity currencies?
Mike
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12-18-2007, 08:09 AM
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Will try to short at 1.0140, the high of today after weak CPI data. Confident that it will reach parity again.
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12-18-2007, 10:54 AM
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Join Date: Oct 2005
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DEflation???
Quote:
Originally Posted by mrod3360
After seeing all the latest data it appears to me that we are in a deflationary environment.
The only prices that are going up is (food and energy) everthing else is going down in price, and if we are in for a slowdown in the US per say . What does this mean for commodities and the dollar especially against the commodity currencies?
So my 2 questions are - What does deflation do to the dollar?
What will that mean for commodities / i.e. commodity currencies?
Mike
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Hi guys
I am the member of elliott wave club, part of elliott wave international.
Bob Prechter, the founder, has been showing data proving that we are in a major deflationary environment starting around 2006 (THE PEAK OF THE CREDIT BUBBLE), based on numerous statistical and historical evidence and that it will be very severe for a number of years and that all markets will be affected, including credit, housing, stock market, commodities. |
12-18-2007, 11:00 AM
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USD CAD breaking down?
It looks like USDCAD formed a small 36h triangle with the terminus at 1.01
Once it breaks down, which should be within the next few hours, it will drop by at least 1 cent.
If you wanna short, do it now.
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12-18-2007, 11:41 AM
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USDCAD - The ratio of long to short positions in the USDCAD stands at 2.21 as nearly 69% of traders are long. Yesterday, the ratio was at 2.72 as 73% of open positions were long. In detail, long positions are 8.0% lower than yesterday and 14.7% stronger since last week. Short positions are 13.1% higher than yesterday and 12.4% weaker since last week. Open interest is 2.4% weaker than yesterday and 5.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
Source: FXCM Execution Desk
For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/special...140917987.html
For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968. |
12-18-2007, 04:04 PM
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Quote:
Originally Posted by Big Mike
It looks like USDCAD formed a small 36h triangle with the terminus at 1.01
Once it breaks down, which should be within the next few hours, it will drop by at least 1 cent.
If you wanna short, do it now.
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Good call on the directional break Mike.
I'm still holding on to my medium term long from just above parity. Sticking with it though the short term trend is starting to turn against me. let's see if the next swing swing high on the 15-minute chart can see a higher high and higher low. That would boost the confident in my position.
As a side note, NZDUSD is still near the floor of the trend channel it has formed since the end of September. The range trade we recommended in DailyFX+ last night made profit on its first lot and the stop on the more aggressive second lot was knocked out after it was bumped up to break even. I took the same action in my own account, but I didn't move the second lot's stop to break even. Lets hope it doesn't break lower and make me regret that. However, with liquidity sinking quickly, I have a feeling that we will chop along until will get a really big break out move that only gets as far as stops and limit order filling can push it.
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