the main downtrend line on CAD/JPY was broken strongly and the price managed to make a higher high and a higher lo
if we focus on the new trendline we will see that the price is in the new wave of making higher low
we can for the price action around the trendline and also we can use the fib tool to enter a buy trade
We look at why Oil prices are supporting the Commodity-linked Canadian Dollar & Norwegian Krone.
I analyse how markets use Manufacturing PMI data In the U.S to know when to buy and sell Oil based on demand expectations driven from Global growth.
We can take the following trades
BUY CAD/JPY
BUY NOK/JPY
SELL USD/NOK
SELL USD/CAD
