Is it time now?uhm…loonie

Posted on July 15th, 2008 in Trading Journal

This is a longer timeframe analysis. USDCAD has been consolidating for a period of time. And now looks interesting. I am putting my bet on short side. I mean, I am positive of CAD. Other considerations include the weak, messy, troubled USD and the the relationship of CAD and oil price…uhm…. Let’s see how it works out.

Here is the…..CHART!

Some statistics here

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By Trader Gav

From the desk of Tradergav.com

Tags: FX, Trading Journal, USDCAD

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