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MrRenev
Apr 7, 2022 6:13 PM

USD possible strength, CAD weakness Long

U.S. Dollar/Canadian DollarFXCM

Description

Technical: Bottoming pattern. Volatility is increasing (ATR). Nice triangle too (check the chart down below), it's not in a trend but it has to break at some point right? This may happen soon (in the coming weeks).

Oil is falling, in a C leg now (or could end up being a double bottom).

And the USD index is about to break 100 for the first time in 2 years.

The BOC and the FED are both going to raise rates in the coming months.





My posts are probably going to be shorter now. Can't spend 10 hours a day writting a history book about the history of derivatives anymore.
Also I am worried I won't see the time fly by, and I'll lose my focus. Got to learn to code (I already know how to but I can always learn more), it's a waste not to get a ROI out of my abilities. Trading is pretty repetitive at some point, I don't need to do much honestly.
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