qais
Long

USDCAD after double bottom, its better to go long

FX:USDCAD   U.S. Dollar/Canadian Dollar
434 5 17
USDCAD             after double bottom , its better to go long
Comment: Money never sleeps
agreed
+1 Reply
WHY WE SHOULD GO LONG WITH USDCAD ?
USDCAD vs USOIL
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OIL is connected with US Dollar & CAD is connected with OIL. If you connect the dots you will notice the key player is US Dollar in this. And I m anticipating weakness in US Dollar, hence I m predicting OIL & CAD & AUD to rise in value. Though all this three OIL / CAD / AUD will not remain strong for long period, but certainly there is some medium term expectation for them to go up.

snapshot
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Nice analysis on all your short calls on this pair on previous occasions. Keep it up! Though I m not in favor of longs in UC (shorting CAD). My view on CAD is that it will strengthen & USD is that it will weaken. I cannot say CAD will get strong next week or not, so I m waiting for now. But you know, either one of us can be right or wrong.
+1 Reply
qais FxSaint
i agree with you . but you know its all connected with USDOIL so i am expecting down trend in oil in the comming days, also its like to be a doubble bottom in USDCAD always works
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