The most relevant news regarding oil during this weekend's G20 summit is that Russia and Saudia Arabia do not plan to cut their oil production, meaning the price per barrel will continue to drop.
When Oil goes down, USDCAD goes up.
Hope this idea helps!
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Trading Strategy: Martin Trend Trader
LIVE Trade Success: -1.90%
Update: We are starting to head up from a higher low formation which means we will most likely be looking to test the current resistance at the higher high. This price action is looking great for a considerable move...
EUR/USD is attempting to continue its uptrend channel. With this breakout, let's see where the price can go. The stop is set far enough to account for any swing lows if the trend continues upward,
Entry point and Stop level indicated on the chart. Profit target will be taken discretionarily (no set target).
I see at least a possibility that bitcoin has now embarked on a new steep uptrend line similar to the time frame of March 2013.
There are points of evidence that the current price action will continue in classic uptrend style price action that is persistent and pushing higher consitently and then evolving into runaway price action.
The bear market of first half...
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It's absolutely crucial for you to know before placing a long (buy) or short (sell) order if your stock or crypto is in a confirmed uptrend or downtrend. Buying on uptrends give you the assurance that buying power has entered the market. A...