USDCAD — Correlation analysis
New article on The MarketZone site
It has been since Oct 2012 that I began taking long positions in the USDCAD. It was a weekly harmonic trading pattern that caught my eyes back then and with the believe that the pair is deeply over sold I’ve been trading in an out on the long side since then.
On Aug 2013 I’ve posted on my Tumblr blog that the USDCAD created an uptrend line and that it is trading inside a weekly Triangle pattern with strong resistance zone around the 1.04 level
A recent analysis made about USDCAD correlation to Oil revealed interesting results that could be useful for USDCAD trading
Email me when marketzone publishes or recommends stories