Comments on: Levels to watch during Asian trade https://fxww.com/levels-to-watch-during-asian-trade-2/ The Professional Source Wed, 11 Dec 2013 15:34:11 +0000 hourly 1 By: Abhi https://fxww.com/levels-to-watch-during-asian-trade-2/#comment-33628 Wed, 11 Dec 2013 15:34:11 +0000 http://381c099c8f.nxcli.net/?p=11349#comment-33628 You are right Sean. Fundamentally, tapering is on the table so long term USDCAD will go up. Also, technically, the trend is up so yeah no point shorting. Good idea would be to wait for dips and buy.
I have burnt my pocket so many times taking contrarian trades but I still I have not learnt. Thanks for the analysis.

]]> By: Sean Lee https://fxww.com/levels-to-watch-during-asian-trade-2/#comment-33580 Tue, 10 Dec 2013 23:57:27 +0000 http://381c099c8f.nxcli.net/?p=11349#comment-33580 Just posted my view Abhi. Actually the more I looked at it, the more bearish CAD I became. Possible that a s/t top is in place but all dips are buying opps imho

]]> By: Sean Lee https://fxww.com/levels-to-watch-during-asian-trade-2/#comment-33579 Tue, 10 Dec 2013 23:37:02 +0000 http://381c099c8f.nxcli.net/?p=11349#comment-33579 Hi Abhi, welcome indeed. I will be the first to admit that USD/CAD has not been traditionally one of my strong points but I will post an analysis shortly (even if only as a good reverse indicator 🙂 )

]]> By: Abhi https://fxww.com/levels-to-watch-during-asian-trade-2/#comment-33577 Tue, 10 Dec 2013 22:57:52 +0000 http://381c099c8f.nxcli.net/?p=11349#comment-33577 Hi Sean, i came across your website recently and honestly speaking i have become a fan of your website commentary.

Would like to know your opinion about USDCAD, looks like it is reversing, don’t know if it is short term or long term. I think it is most likely short term.

Would you like to let us know your comment on this.

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