Possible substantial CAD drop ahead
Almost forgot to publish this on the eternal wall of fame at TradingView ;)
Did this in the Forex chat room but should pin it here as well to formerly set my view in stone.
As we are going into a new year we may go to see the same price action on CADJPY and USDCAD as early 2020. Hopefully not triggered by another COVID pandemic this time.
CAD has been holding up fiercely since early this year and although I do not predict Oil inflation to reverse it may consolidate while CAD is dropping down as a result of devaluing market forces on USD and JPY.
Watch out for this potential strong volatility on the market for the next few months.
imho imho
Did this in the Forex chat room but should pin it here as well to formerly set my view in stone.
As we are going into a new year we may go to see the same price action on CADJPY and USDCAD as early 2020. Hopefully not triggered by another COVID pandemic this time.
CAD has been holding up fiercely since early this year and although I do not predict Oil inflation to reverse it may consolidate while CAD is dropping down as a result of devaluing market forces on USD and JPY.
Watch out for this potential strong volatility on the market for the next few months.
imho imho
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.