All Blog Posts Tagged 'USD' (1,293)

TD: USDCAD

Overall, we continue to feel that the USD’s broader rally is running out of steam and prone to a correction; that observation, combined with some soft-looking technical signals for USDCAD on the short-term charts continues to make us a little more concerned about a move lower in USDCAD in the next couple of weeks.  USDCAD struggled to hold a bid this week and has looked heavy near 1.10 or a little above. Short-term chart…

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Added by Daologic on September 19, 2014 at 11:37am — No Comments

BMO: USDCAD

Support 1.0925 Resistance 1.1000



Usd/Cad remains stuck in the range that has prevailed for most of this week, with flows still very much mixed. Usd strength has been countered by Cad strength on many of the crosses, especially Cad/Jpy and Aud/Cad. We would expect to see offers lined up towards 1.1000 now, and beyond that, the key 1.1100 area is still pivotal. To the downside we should still find stops through 1.0925, ahead of demand towards 1.0875/1.0900. Main focus today will be…

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Added by Daologic on September 19, 2014 at 11:30am — No Comments

TD:USDCAD NEW TRADE – September 18

Sell USDCAD at 1.0910 stop entry, risk 1.0950. Target 1.0780
We are extending our negative short-term view on the USD to the CAD this week and want to sell USDCAD on a break below technical support in the low 1.09s. The CAD is supported by stable interest rate spreads versus the USD, which might be enough to fuel a push under 1.08 near-term. That would also ’fit’ with seasonal trends that are typically adverse for USDCAD around this time of year.

Added by Daologic on September 19, 2014 at 3:53am — 1 Comment

TD:FOMC

"The FOMC will be the global focus on Wednesday as investors look to whether the Fed continues to pivot toward the first rate hike. Key points to watch at the meeting will be whether the “considerable time” phrase is removed from the statement, how aggressive the Fed’s hike projections are (in the Summary of

Economic Projections for the 2015-2017 period) and Yellen’s tone in the post-meeting press conference. We also expect the FOMC to discuss their updated exit strategy, potentially…

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Added by Daologic on September 17, 2014 at 10:51am — No Comments

FOREX forecast 16-19.09.2014

EUR is in a consolidation mode again before the next slide down. Possible support that will stop the downside is 1.2600 and the final one is around 1.2300 but i doubt we shall reach there soon. There was a large amount of unexpected bad EUR news and it seems the things over the Atlantic are getting a lot better. It is expected the FED to make another stimulus cut from 25 bln to 15 bln. This will push the EUR even lower till the end of this week. Today is expected the Gernamy's ZEW to be a…

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Added by Vladimir Mihaylov on September 16, 2014 at 5:30am — 3 Comments

TD: CAD technical outlook-15 september.

USDCAD

"We highlighted developments on the weekly chart Friday but it is probably worth reiterating what is going on here after USDCAD closed out the week at its best levels since March. The broader bull trend is slowly but surely getting back on track after the Q2 correction; that slide saw funds test, and hold, major support defined by the trend off the 2012 low and the 40- week/200-day MA. The consolidation since March formed a bull wedge and the July break above…

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Added by Daologic on September 15, 2014 at 2:55pm — No Comments

BNZ: NZDUSD-sell a rally- 15 Sept.

NZD/USD

Outlook: Sell a rally

ST Resistance: 0.8260 (ahead of 0.8470)

ST Support: 0.8060 (ahead of 0.7960)

The NZD slipped through the 50% Fib retracement level at 0.8260 last week, which now provides the first line of resistance. The 2014-low at 0.8060 would be the first stop ahead of a quick trip…

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Added by Daologic on September 15, 2014 at 5:48am — 1 Comment

FOREX forecast 09.09.2014

EUR continues the free fall and nothing seems to stop it. Target is set to 1.2805 and even below to 1.2765. Correction higher is needed, but still noone takes any profit, this means they expect more drop.Correction will start once we have over 60 pips upside H4 candle. Indicators on all time frames except M5 and M15 are extremely bearish. Maybe today we shall see some profit taking.

GOLD again is hit by the strong dollar and reached the support area 1254. If we don't see any EUR…

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Added by Vladimir Mihaylov on September 9, 2014 at 6:28am — No Comments

BNZ: NZDUSD-sell a rally

NZD/USD

Outlook: Sell a rally

ST Resistance: 0.8400 (ahead of 0.8470)

ST Support: 0.8260 (ahead of 0.8120)

The NZD continues to grind lower, but last week’s test of the 50% Fib retracement level at 0.8260 was rejected. This is the first line of support. The 0.8400 big figure will be difficult to break…

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Added by Daologic on September 8, 2014 at 6:10am — 1 Comment

USDJPY at key level, 110.50 next

For USDJPY 105.27 is a key level. A daily or weekly close above this level will send the price to the next key level at 110.50:

USDJPY…

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Added by Daologic on September 3, 2014 at 7:00am — No Comments

BMO FX strategy daily: USDCAD

"Support 1.0850 Resistance 1.0925

The Usd is trading broadly higher this morning, led by Usd/Jpy and the Nikkei overnight in Asia. We have seen some Macro demand for Usd/Cad from yesterday’s lows but offsetting…

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Added by Daologic on September 2, 2014 at 12:34pm — No Comments

BNZ: NZDUSD, sell a rally

Outlook: Sell a rally

ST Resistance: 0.8470 (ahead of 0.8600)

ST Support: 0.8330 (ahead of 0.8260)

Initial support at 0.8330 held after an early test last week. While some support around the 0.8300 figure should be expected, the 50% Fib retracement level at 0.8260 is the major target for…

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Added by Daologic on September 1, 2014 at 8:45am — No Comments

FOREX forecast 01.09.2014

Deeper and deeper EUR goes with another gap lower opening week. Finally the big players sold the EUR they have since close to 1.4000 levels. Where EUR is going to stop - it is not clear yet, but somewhere around 1.3066 we have a support area. We are currently some 200 pips below the weekly Senkou Span B price of the positive Ichimoku,however we have broken it lower too early and we have to make some significant correction higher before this break to be confirmed. The dollar is extremely…

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Added by Vladimir Mihaylov on September 1, 2014 at 5:06am — 3 Comments

TD:CFTC Commitments of Traders Report - Week Ending Tuesday, August 26th

"CFTC data for currency futures through the week ending August 26th showed that investors and speculative accounts continue to bet big on an…

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Added by Daologic on September 1, 2014 at 4:42am — No Comments

BNZ:NZDUSD technical outlook-Sell a rally

NZD/USD

Outlook: Sell a rally

ST Resistance: 0.8470 (ahead of 0.8600)

ST Support: 0.8330 (ahead of 0.8260)

NZD has kicked off the week testing initial support at 0.8330. Should this give way, there is little stopping an extended break below 0.8300. On the topside, the 200-day moving average provides…

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Added by Daologic on August 25, 2014 at 7:40am — No Comments

FOREX forecast 25.08.2014

EUR dropped to 1.3185 this morning and opened the week with a huge downside gap. Today the pair may consolidate around 1.3200, and tomorrow to start a recovery. This week is the end of the month trade, so i expect some profit taking from Short after Wednesday. Weekly, Daily and H4 indicators are bearish but are already turning flat to bullish, so i think we are going to have a recovery soon, although opening with such a gap lower is not a good sign.

GOLD was not able to close the week…

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Added by Vladimir Mihaylov on August 25, 2014 at 5:39am — No Comments

FOREX forecast 21.08.2014

EUR has lost almost 200 pips since Monday and the pair despreately needs a correction but still there are no any signs of a possible correction. EUR is in a free fall state, after bad data from the EU and Germany, and better news from the US. Dollar is stronger than ever but i wonder if this is a temporary strength or the start of continuous EUR weakness. The pair needs a correction at least to 1.3330-50, and maybe more next week. But first we need to deal with the 1.3290-1.3310 resistance…

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Added by Vladimir Mihaylov on August 21, 2014 at 4:58am — 1 Comment

FOREX forecast 20.08.2014 in advance

After several failed attempts to break 1.3400, te EUR slided down below the 1.3330 support reaching 1.3312 by the moment of writing. The area between 1.3295-1.3310 seems well protected and it will be difficult to break before tomorrow's FED decision. I think that the market is currently consuming tomorrow's news. So it is quite possible to witness a risk aversion tomorrow, reaching 1.3470-1.3500.

GOLD is trying to stay above 1292 support but breaking below will increase the downside .…

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Added by Vladimir Mihaylov on August 19, 2014 at 4:16pm — 1 Comment

BNZ:NZDUSD-play the range

Outlook: Play the range

ST Resistance: 0.8540 (ahead of 0.8620)

ST Support: 0.8400 (ahead of 0.8340)

Another week, another failure to break below that 0.84 handle. The case for the downside has lost its momentum, but the threat of a sharp topside squeeze has also…

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Added by Daologic on August 18, 2014 at 1:17pm — No Comments

USDCAD - Testing key Averages - Downside break expected this week

The sequence of 3 up weeks ended with the market unable to sustain prices beyond a 50% correction of the fall from this year’s top, 1.0949. The most negative performance for 7 weeks resulted from this price action. This downside stalled on Friday around the 13/100/200 day moving averages and this introduces a note of caution but sentiment is left negative with only  the…

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Added by Alan Collins on August 18, 2014 at 7:25am — No Comments

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