USDCAD nearing key long term support.
The USDCAD is nearing the lows from September 2017 at the 1.2061 level. This is important for 2 reasons: Read more
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The Grind Into a Parabolic Trend.
As traders and investors, our innate instinct is to “fade strength and buy weakness” especially if you think something (or asset) is overbought or oversold.
Crude Oil: Bullish Now Or Reversal Coming?
Macro Perspective:
Oil went into free fall in mid-2014, experiencing a relentless bear move which saw oil price drop by over 70%. US shale producers turned out to be the tipping point in terms of the global supply glut. This, combined with a decrease in global demand, proved to be an unstoppable force that lasted for over a year.
The dynamics of the USD, Gold and CNH
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
ForexAnalytix Giveaway Winners!
The ForexAnalytix team wants to thank each and every one of you for participating in our Giveaway and sending us your trading setups. We value your contribution and we appreciate every email of the dozens we received.