Trading currencies is all about finding strength and weakness - the CAD/JPY is the best cross these days:
The CAD is very weak with slowing economic data and also the sell-off in Crude is hurting the CAD. On the other hand, the JPY is rising sharply with risk aversion flows.
Crude just broke $31 and is off to new 12 year lows. As of writing this, the Shanghai Composite is going lower although not as strong as recently which could add to JPY strength.
The CAD is very weak with slowing economic data and also the sell-off in Crude is hurting the CAD. On the other hand, the JPY is rising sharply with risk aversion flows.
Crude just broke $31 and is off to new 12 year lows. As of writing this, the Shanghai Composite is going lower although not as strong as recently which could add to JPY strength.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog
