FX:CADJPY   Canadian Dollar / Japanese Yen
I view this cross as the best way to express a short position on oil             and Canada, while remaining neutral or short on the US equity market, and bearish on Japanese equities for the intermediate term.

Canada and oil             have a .78 correlation coefficient since the early 2000's. I believe oil             will remain weak and will continue to put pressure on Canada's economy. Additionally, Japan has not signaled any sign to enhance QE anytime soon. In light of that, I do not expect their market to do extremely well, nor do I believe we'll see a huge push lower in the Yen. Lastly, when the US equity market does poorly, capital flows to the Japanese Yen             for safety - at least historically.

At some point I expect the trend to reverse. When? I have no idea. But the technical's are certainly telling me the trend will continue for now.
Comment: Update on short position initiation - Daily

Comment: This is going toward the "floor"
Comment: 73´s Approaching. More interested in shorting Yen than long Cad though..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out