Recent content by Dave Hanson

Looks like you've made another very good call on CAD, Sive. It's retracing after the big move up. Does Sive or any member have a suggestion on a good software or free program that gives oversold and overbought?

Thanks, Sive. Very good answer (even I can understand), and brief, too.

Here's another reason I get confused. In your Oct. 12-16 Forex Pro Weekly, you say that speculative long positions in CAD stand at a very low level. Then you say that, "CAD, as we know has great correlation with Crude Oil". It's the Canadian dollar (loonie), not the US dollar (greenback) that...

Sive, why is it that less prominent commodity nations than Canada (i.e. Australia and New Zealand) have pairs or crosses in which they are the first-named (e.g. AUD/USD and NZD/USD) but Canada doesn't have a CAD/USD, only a USD/CAD? As a result, in order to follow what you're saying, I have to...

Sive, you've talked a number of times recently about USD/CAD having major resistance at the 1.34 area. I thought the NFP might get it there but it wasn't strong enough. Then I thought next week's Fed announcement re the Fed Funds rate (Sept. 17) might do the trick (although I'm positive the Fed...

Sive, back on August 12 you said that all the commodity currencies (CAD, AUD, NZ) were preparing to retrace upward on the high time frame charts and that retracement could last for weeks. You mentioned that major support for Aussie is at 7182 (approx 7200 area). Today Aussie went as low as...

Sive, Aussie did reach 7201 as its low this session. It's now 7356. I'm wondering if because of the big rise you may feel that it met the 7200 buy area? Or do you still feel it will go lower, perhaps to the 7175-7182 area (the butterfly .618 extension) that you mention in your video? You said it...

Sive, in this EUR video you mention the Canadian dollar. In your July 20 video you predicted the current USD retracement down (and CAD retracement up). I think you said you see the USD falling to about 1.2770-1.28 (and thus loonie retracing up to 7812-7830). You mentioned in this EUR video that...

Sive, we're also now within your target range for Canadian loonie to start retracement. Your range in video a few days ago is USD 1.3080-1.3152 (loonie 7604-7645). Presently at 7639. Am looking for pattern to enter. Target 7812-7830.

On the other hand, Sive, the weak China manufacturing PMI data could cause the US Fed to not raise interest rates in September. We may get a hint in the upcoming Fed meeting. This could result in euro rising versus USD. It's a tough economic climate out there. As usual, Sive, you're doing a good...

Sive, glad to see that you moved away from the euro to the aussie. Like the rest of us, you were getting battered by the winds of change re the euro. Your original theory (down) was correct. Bottom line, too many things going against the euro. Its direction is down.

GBP selling off despite great Services PMI numbers. I figure it's because, like Sive says, it's the European safe haven currency & it appears the Greeks are going to vote Yes on Sunday. That will ignite the risk-on euro. Sterling held S1 at 15559 (Sept future) but if the Yes vote occurs as...

Hi Sive. Euro Sept future is up 83 pips as I write. Sterling is up just 1 pip. You mentioned last week that pound is a kind of counterparty to euro, if euro rises, cable falls. Looks like investors realizing euro will be stronger without Greece. As such, is euro perhaps a better long at this...

I trade futures market rather than forex. I can only trade from Canadian perspective, either buy it against USD or sell it against USD. You say in monthly time-frame that Canadian trend is bullish. Does that mean it's bullish for USD or for Loonie? I am assuming it's bullish for USD but I'm...

Sive's initial forecast of euro to each monthly Pivot point of 1.1000 may come to pass, and in fact did hit 1.1005 today (Friday May 22) which may well qualify. I wouldn't have believed it would happen but the US CPI turned the trick. Same with cable (even more amazing). At last read it had...