Disliked{quote} If it holds 1.37 and bounces in the 1.37 - 1.40 zone, then 1.46 - 1.47 area and above is in play. On the other hand if it cant hold 1.38, then 1.28 is in play . So all in all the loonie is one of the most interesting currencies to trade in the near future -- all jmaIgnored
Today was an important day - Very high odds, price discovery for the next many weeks is complete at least as far as the top and bottom of the range for USDCAD over next weeks/months is concerned. That range is 1.39 to 1.47
If you had seen my sentiment on crude, I had posted a target of 34.5 for this week based on the predictions of my models.
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That was hit earlier today and now we have a price range for crude over the next many weeks. That range is 27 to 35
With this important price discovery complete, using these ranges as a baseline would now enable several higher probability and profitable trades over the next several weeks.
Current and live specific insights can be gleaned from the live trades in my trade explorer