November 15, 2016

The TradingView Show – CAD tracking oil prices, USD/JPY looks cautiously bullish

In today’s TradingView show Tip TV’s Zak Mir and Steven Woodcock from Plutus FX discuss four important charts – EUR/CAD, USD/JPY, NZD/USD and AUD/USD published by the TradingView users.

Key points – At the moment, CAD is closely tracking oil prices. This could limit the drop in the EUR/CAD pair.

USD/JPY looks bullish on account of the inverse head and shoulder pattern, but the upside could be capped by key levels. Need to be cautious on this.

NZD/USD is a tricky pair, not much depth currently.

AUD/USD appears poised for an up move, although potential exists for two-way moves.