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
+1 Reply
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.

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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