I think CADCHF has hit a major bottom. It may not be an easy hold on the weekly scale since it may require a quite a bit to develop, but the 4hr is showing a very good opportunity to go long with an attractive asymmetric risk/reward.
The underlying trend is that oil production won't slow down anytime soon and that the oil price will continue to plunge, whereas copper and gold fall at a much slower rate in general.
Both currency pairs correlations and Central Banks agendas make them lose value periodically vs the dollar, but that isn't a problem for these setups I outline here.
In fact, the...