This Pattern looks like a Trefoil -- Just like Adidas Logo . right?
we can enter a short position after it breaks the 3rd Leaf!
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Target hit 1.3855
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EL_KHIBRATTOR
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Good Trade, why USD/CAD goes down while USD/CHF goes up ?
aren't they coorelated ?
Mughal2657
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OIL
Mughal2657
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tntsunrise
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not really. CAD follow the oil
Mughal2657
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absolutely wright CAD follow the OIL i think CANADA's 25% GDP based on OIL is that wright?
Link77
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Yes, Canada's GDP is mostly oil weighted. CAD will always follow oil except during financial events such as interest rate announcements or data releases. These re-balance the price and then CAD is locked back to oil. Unfortunately, Canada has a very limited economy, thus the oil lock.
WilliamsAdegbola
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I used to wonder why too. Don't always expect correlated pairs to always correlate!
Link77
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Nice. Very precise Mr. TNT. I followed you but did not have the courage to hold and was out early with a small profit.
Rayge
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Seems like a top, may down to 1.37 area
fxrandal
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Hi, do you think this pair has hit the top for the long term, or is it gathering steam to continue up? I got short at 1.39956 on the 18th, and wondering if I should hold or take profit. Thank you for your input!
aren't they coorelated ?