The screencast shows an interesting ranging pattern in an imperfect channel up. Price is now at a potential structure level.
In the screencast I start off with the USDollar index and look at the Yen. The US Dollar strength affects 'everything': forex markets, stock markets, and commodities. There are inverse correlations. Most of the times the DAX doesn't like a strong Euro, Wall Street doesn't like a strong Dollar, and the NIFTY doesn't like a strong rupee. There are reasons for...
CADJPY has a positive correlation with stock market prices
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Last week I published a small "idea" for a quick scalp on the CADJPY. I noticed an uptrend that I didnt expect to go past a...