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ridethepig

ridethepig | USDCAD Market Commentary 2020.11.25

Panjang
Dolar A.S. / Dolar Kanada (FOREXCOM:USDCAD)  
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FOREXCOM:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Beyond Technical Analysis Fundamental Analysis USDCAD CAD USD BOC fed cl1 crude Oil opec
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trendanalysis beyondta fundamental usdcad cad usd boc fed cl1 crude oil opec
This linkage with Oil is a well known school, which believed only in absolute freeing moves can be a forced to be reckoned with. In 90 cases out of 100 I consider it worth recommending. Even after the defensive breakdown in Oil with Covid chapter I, it should in no way b overestimated that we are suddenly reaching the previous breakdown manoeuvre.

ridethepig | Energy Overbought

snapshot

ridethepig | Oil Revisiting Support

Thus in this position, what is in play is a cleansing of USD shorts as the move got out of hand. Some large macro players were caught on the CAD bid yesterday, out of position if you ask me and well into the middle of the range. Asking for a squeeze up towards 1.306x and 1.314x.

Thanks as usual for keeping the feedback coming 👍 or 👎
Komen:
Buyers holding support and Oil pulling back... important few sessions for USDCAD and Oil

Idea Berkaitan

ridethepig
ridethepig | USDCHF Market Commentary 2020.11.26
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ridethepig | NZDUSD Market Commentary 2020.11.25
ridethepig
ridethepig | Energy Overbought
ridethepig
Clashing forces on the supply side
ridethepig
A monster move
Penafian

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