Well, the CADJPY has been the best mover for us. Check out our latest published ideas and all our short target have been hit. However, it is hard to come up with reasons why this pair shouldn't keep falling.
With the continuous sell-off in China and the safe-haven flows into the Yen, and the plunging oil prices that drag down the CAD, it's hard to imagine buyers stepping in.
The best predictor for this currency pair is the Asian markets. Throughout last week, whenever the Shanghai closed lower, it lead to further Yen buying. Whenever Oil went lower, it lead to CAD selling. You can't trade this pair without watching both those markets,
With the continuous sell-off in China and the safe-haven flows into the Yen, and the plunging oil prices that drag down the CAD, it's hard to imagine buyers stepping in.
The best predictor for this currency pair is the Asian markets. Throughout last week, whenever the Shanghai closed lower, it lead to further Yen buying. Whenever Oil went lower, it lead to CAD selling. You can't trade this pair without watching both those markets,
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog
