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quantguy

Candadian Dollar Still Can't Keep Up

Short
Dollaro canadese / Dollaro USA (FX_IDC:CADUSD)  
quantguy  
FX_IDC:CADUSD   Dollaro canadese / Dollaro USA
Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI) Fibonacci Fibonacci Retracement levels support Support and Resistance Ichimoku Cloud technicals Fundamental Analysis technical_analysis technical Wedge quanttrading quantfinance quant
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macd relativestrengthindex fibonacci fibonacciretracement levels support supportandresistance ichimokuclouds technicals fundamental technical_analysis technical wedgepattern quanttrading quantfinance quant
Largely a function of what crude oil is doing, the Canadian dollar simply cant keep up, even despite the rally in crude earlier today. Further, weak jobs data does not help.

Although we have a nice 0.7403, the slope of the upper bounds steepens indicating the bears are awake. Also, there is a "dark cloud cover" candlestick pattern indicating a level was tested and rejected. Finally, with a finer time scale we see what looks to be a head and shoulders pattern forming. There is strong resistance from the Ichimoku cloud from above as well. The MACD/RSI indicate a strong downtrend.
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quantguy
Long 10 Year Treasury Note
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