Sup Umer, Macro wise, CAD is overall slightly weak, but has been strengthening since last week (so it's in the neutral zone of the watchlist for me)In terms of COT report, more hedge funds are long CAD than short...
So, based on that, contradicting sentiment to fundamental analysis... a bit difficult to make a defensible judgment. On the other hand, GBPJPY has more interesting potential - do some analysis on that
Hi TTJ, yes we do, check out one of summary analysis posts here on a CAD pair: https://www.logikfx.com/post/cadjpy-analysis-oct-2021-will-the-uptrend-last
Sup Umer, Macro wise, CAD is overall slightly weak, but has been strengthening since last week (so it's in the neutral zone of the watchlist for me) In terms of COT report, more hedge funds are long CAD than short...
So, based on that, contradicting sentiment to fundamental analysis... a bit difficult to make a defensible judgment. On the other hand, GBPJPY has more interesting potential - do some analysis on that
Hi, does logikfx consider OIL price that reflects the strength of CAD currency?
I believe that's the culprit :)
Cheers