The Canadian Dollar had a really strong year against the US dollar correlating nicely with the DXY. After FOMC reports however, the Dollar continues to dig itself out of the hole it was in late 2020 and pairs with the dollar as the dominant, such as 
USDCAD , have started to experience some upward momentum that I expect to continue for the next few days as North American Oil availability appears grim likely hiking the rate per barrel, ultimately pushing down the value of North and South American currencies (exception of the USD, I'll get to that). With this in mind, a safe entry is created on USDCAD as there is some relatively tight downside protection/cushion with this information in the market. The devaluation (dare I say inflation) of the US dollar is what makes this trade possible. If it wouldn't of been as prepared for the worse, prior to FOMC and bad oil news, the DXY would most likely have continued to see a downfall. However, the perfect storm of a declining stock market, "less economic scarring", and the decline in Bitcoin, maybe the Dollar has found its floor? Maybe not, but for the next month or two I will look to retain this bias.
USDCAD , have started to experience some upward momentum that I expect to continue for the next few days as North American Oil availability appears grim likely hiking the rate per barrel, ultimately pushing down the value of North and South American currencies (exception of the USD, I'll get to that). With this in mind, a safe entry is created on USDCAD as there is some relatively tight downside protection/cushion with this information in the market. The devaluation (dare I say inflation) of the US dollar is what makes this trade possible. If it wouldn't of been as prepared for the worse, prior to FOMC and bad oil news, the DXY would most likely have continued to see a downfall. However, the perfect storm of a declining stock market, "less economic scarring", and the decline in Bitcoin, maybe the Dollar has found its floor? Maybe not, but for the next month or two I will look to retain this bias. 주문취소됨
Target 1 hit twice followed by a quick drop to the stop loss
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.