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Show me the money! [Daytrading] Need some trade ideas for today? Want to share your own intraday trade ideas? If you're the next Jerry Maguire and can show us the money then this thread is for you.

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Old 11-07-2007, 05:32 PM
xscape321 xscape321 is offline
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Default wheres usdcad going
The usdcad has moved up 200+ pips, is this a longterm reversal ?!! oil prices have been higher and I thought the CAD is highly correlated with oil prices....?
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Old 11-07-2007, 07:44 PM
daedalus daedalus is offline
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This is just a minor pullback in the bigger picture as it continues downward. Its sold off hard the last few days and needs to bounce sooner or later. I think that is what we are seeing.

The trend is still decidely bearish until proven otherwise. It has simply pulled back into to measured resistance and is currently failing to break those levels.
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Forex Forum > "The Holy Grails" > Show me the money! [Daytrading]

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