PAIRS CHARTS - FOUR TIME FRAMES WORTHY TO CONSIDER

28 мар. 2016 г.

Notice this long term correlation between the CADUSD and USOIL.

First - look at the MONTHLY chart over 10 years and look for times when they are noticeably out of relationship.

Second - look at the WEEKLY chart over 5 years.

Third - look at the DAILY bars over 1 year and see how tightly structured these to markets are lately.

Fourth - look at the 4-HOUR bars over 1 month to again firmly establish a tight working relationship.

If you can find a time when these are out of position with each other, then I believe a trade is setting up.

For the moment, however, I do NOT see a trade.

Sincerely,

Tim

8:47AM EST Monday, March 28, 2016 .7564 last CADUSD

1 апр. 2016 г.

Заметка

CADUSD broke out to a new high while USOIL keeps heading south. Once a previous day's low broke in CADUSD the market has backed down. There is more downside, about 2% for CADUSD to the 0.75 level to match where USOIL is now.