Is it time now?uhm…loonie

July 15, 2008 – 1:16 am

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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More on this topic (What's this?)
Oil Companies Storing Oil on Tankers, Waiting for Higher Prices (naked capitalism, 11/21/08)
Goldman Recants Its $200 a Barrel, "Super Spike" Call for Oil (naked capitalism, 11/20/08)
How Oil is Actually Priced: Be Worried (Jim Kingsdale's Energy Investmen..., 9/29/08)
Less Driving and Lower Gas Prices are Not the Important Factor (Jim Kingsdale's Energy Investmen..., 11/21/08)
Read more on Canadian Dollar (CAD), U.S. Dollar (USD), Oil Prices at Wikinvest

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    1 Comment »

    Pingback by Pages tagged "trading"
    2008-07-15 02:54:58

    [...] bookmarks tagged trading Is it time now?uhm…loonie saved by 4 others     eugenerhan bookmarked on 07/14/08 | [...]

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