Wednesday, August 12, 2015

How the Canadian Loonie is Relating to Other Currencies as at August 12, 2015


One day after the first Yuan devaluation, how is the loonie’s health?


I have several charts below of different currency pairs.


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You can see that nothing too damaging happened with the devaluation of the Yuan, the loonie has remained at similar price levels, it is , in fact, gaining in value at this time.

Here is some very recent commentary:


USD/CAD Technical Analysis: Digesting Losses Near 1.30 - DailyFX
http://news.google.com Wed, 12 Aug 2015 09:14:00 GMT
DailyFXUSD/CAD Technical Analysis: Digesting Losses Near 1.30DailyFXThe US Dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes ...

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USD/CAD Fundamental Analysis – August 13, 2015 – Forecast - FX Empire
http://news.google.com Wed, 12 Aug 2015 13:03:00 GMT
FX EmpireUSD/CAD Fundamental Analysis – August 13, 2015 – ForecastFX EmpireThe USD/CAD dipped 94 points as gold and oil rebounded supporting the Loonie. The US dollar tumbled today to trade at 96.47 falling 76 points as the Chinese currency situation ...

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Trade Idea: USD/CAD - Stand aside - Action Forex
http://news.google.com Wed, 12 Aug 2015 14:03:36 GMT
Trade Idea: USD/CAD - Stand asideAction ForexDespite intra-day initial bounce to 1.3158, as the greenback has slipped again, suggesting further consolidation below last week's high of 1.3213 would be seen in some kind of a wave iv correction and belo ...

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USD/CAD Daily Outlook - Action Forex
http://news.google.com Wed, 12 Aug 2015 07:17:00 GMT
USD/CAD Daily OutlookAction ForexIntraday bias in USD/CAD remains neutral for consolidation below 1.3213. Further rise is still expected as long as 1.2859 support holds. Above 1.3213 will target next projection level at 1.3287. Meanwhile, break of 1. ...

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USD/CAD: Digesting Losses Near 1.30 - Investing.com
http://news.google.com Wed, 12 Aug 2015 12:22:51 GMT
USD/CAD: Digesting Losses Near 1.30Investing.comThe US dollar is digesting losses after breaking two-month rising trend support against its Canadian counterpart. A daily close below the 23.6% Fibonacci retracementat 1.2956 exposes the 38.2% level at ...

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USDCAD break wedge to the downside - TradingFloor.com
http://news.google.com Wed, 12 Aug 2015 08:48:28 GMT
USDCAD break wedge to the downsideTradingFloor.comUSDCAD – The monthly chart highlights the commodity pair stalling close to a pivotal 'zone' seen from the highs in 2008-2009 and consolidation in 2003-2004. A full AB=CD formation is not seen until 1. ...

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