whiskeyislandpizzacompany1

whiskeyislandpizzacompany1

While Canadian CPI came in on target, Canada added 10 times more jobs than expected last Month. US inflation is dropping faster than Canadian. Never really know though. Best of luck out there!

whiskeyislandpizzacompany1

I wouldn't get involved anywhere in the red zone marked out. Looking for a rejection based on OBV. OBV was higher March 8th. Since OBV works at key support resistance levels and OBV is lower than March 8 high, OBV is showing a rejection at this level.

whiskeyislandpizzacompany1

I have no idea where it's going. I have been trading only this pair since I started trading in November of 2020. Something odd happened on April 20th, the swap fees for the pair were essentially reversed. Instead of receiving a credit on the fee for holding USD, I started to get charged for long holds. This is where I'm hoping for some feedback. My thinking is...

whiskeyislandpizzacompany1

Simple economics. Canadian inflation is less than American by 2.5%. In real terms CAD should appreciate 2.5%. BOC is more Hawkish than the Fed. Bearish order block accessed many times. I think we're in for a protracted downtrend. But the markets going to do what the markets going to do. Going long if I get confirmation above 1.26600.