Trying to get a visial chart forecast for usdcad So any comments would be great!!! I Guess it is suppose to crash...GL <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1485560>
alex How does this look to you? TIA <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1485570>
honestly, i don't understand the charts. For me, i need to study price action, momentum and support/resistance. Only then i can make a decision (buy/sell/stay out).
with the fx mkt eur/chf I am very long USD/CAD very very short EURCAD short CAD/JPY very long all for aug 2007 gl
yes, the USD/CAD is strongly correlated with oil prices, that is what I would go by although only when oil is making news for either going extremely high or low...that happened last summer and the CAD definitely strengthened...they export 90% of their oil to the US so just through physical transfer of USD into CAD to buy oil will move the market