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Finally Some Calm for the Loonie?

fxsurprise8 Posted 30 June as Analysis on USD/CAD, Target: 1.2954, Date: 1st of August, 12:00 GMT  in #Technical analysis #CAD #USD #Oil #Volatility #USD/CAD #Us Dollar #Canadian Dollar #Range #Brexit
Could we finally see some stabilization in this pair? A usually calmer currency, the USD/CAD has seen unprecedented volatility in the past two years, mainly due to oil swinging around wildly. Oil prices fell to a low of $25 this January only to roar back with a 100% gain to $50 dollars per barrel.
But long-term the Loonie is usually a calm pair. Further more on the 4 Hour chart above we can finally see some signs of stabilization and a range-bound market. Once the oil volatility dies down I expe…
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More of the Same for AUD/CAD

fxsurprise8 Posted 31 May as Analysis on AUD/CAD, Target: 0.9466, Date: 1st of July, 12:00 GMT  in #Technical analysis #CAD #Oil #AUD/CAD #Commodities #Gold #Australian Dollar #Canadian Dollar #Metals #Commodity Currencies
May has been fairly uneventful for the AUD/CAD currency pair. While we had a relatively large range of over 300 pips, we just closed the month at 0.9466, only 69 pips away from the open.
On a long-term perspective (monthly chart below), we can see that the AUD/CAD just ended a period of high volatility. While one month of indecisiveness is good, on the chart we can see that these calming periods usually last much longer, multiple months and even years sometimes.
Both the AUD and CAD are commodit…
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fxsurprise8 1 July

A slow climb higher. This is how June can be characterized in the AUD/CAD. We opened the month around 0.9470 and we're currently quoted almost 200 pips higher at 0.9648.

The total monthly range is still high (>300 pips) but most of that was a Brexit-related spike that is slowly being eaten away. With the contest closing soon, I will need a sharp sell-off in this pair in order to hit my forecast.

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Looks Like a Slow Monday

fxsurprise8 Posted 10 Aug.  in #Trader's blog #Euro #Oil #Russian Ruble #Trader's Contest #Wti
Early prices indicate that we will have a slow Monday. This is not unusual after NFP day. The Euro traded in a tight range of only 23 pips in Asia, while the Pound fared even worse at 18 pips.
Oil on the other hand continues to make new lows. The black gold reached $43.38 in the first hour of trading. From here we bounced somewhat to $43.60. The Russian Ruble is trading at 64.13, about 0.29% lower compared to its Friday close. This will help my long USD/RUB but my gains on this trade are very sm…
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Volatility in USD/CAD to Die Down

fxsurprise8 Posted 31 May as Analysis on USD/CAD, Target: 1.2455, Date: 1st of July, 12:00 GMT  in #Technical analysis #USA #Oil #USD/CAD #Canada #Us Dollar #Us Economy #Loonie #Wti CMD/USD
The USD/CAD experienced unprecedented volatility this year, largely due to the oil price shock. Prices first fell over 50 percent to below $50/barrel, then rallied 50% from here to just above $64 dollars. Canada is a large oil exporter. You can see these swings on the weekly chart below.
But with Oil starting to enter a range between $50 and $60 dollar per barrel, the USD/CAD should stabilize as well. Canada may also benefit from the stronger US economy.
On the technical front, we seem to be top…
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fxsurprise8 1 July

My prediction has been spot on so far. The USD/CAD bounced right at the 1.2500 mark then fell over 370 pips to a low of 1.2170. But again as predicted that volatility will decline, the lows were quickly bought up and the currency pair rallied back to the 1.2500. The total monthly range for USD/CAD is 436 pips so far.

Prices are currently trading at 1.2476, about 21 pips above my target. Hoping for some US Dollar weakness into the end of the month.

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How I Made $200 Betting against the Russian Central Bank

fxsurprise8 Posted 20 Jan.  in #Article #Black Tuesday #51093 Pips #Russia #Ruble #Usdrub #Eurrub #Putin #Oil
Hey everyone, check out my article CLICK HERE> ''How I Made $200 Betting against the Russian Central Bank''.
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