Hello everyone,
Well, I'm having a fit just trying to find anything on what is going on with the CADJPY pair. Canada THE largest oil reserves outside of Saudi versus Japan The greatest Oil consumer.
Looks like a twin peek off the recent down trend, maybe cup and handle, possibly continuing its previous downtrend. It looks to have significant shorts in its future, though finding out squat on the internet about it is like hunting Ann Frank during the war. (No offense)
Any thoughts on where these two are headed? Should be a volatile pair - but silent on the scene. I know most don't carry them, some don't, my broker does and I'd like to get in on the action - if I only knew a little more about what they are likely to do in the future. For now it is just sit and wait...while missing some awesome shorts falling from the sky.
Only Saudi Arabia, with 259 billion barrels, has larger oil reserves than the Florida-sized patch that surrounds this Canadian outpost. And a pipeline already exists to carry the oil to a key market: the United States. War torn Iraq is having problems producing sufficient levels for the Asian market. These two could be a contender for dynamic movement I think.
Does anyone know of a current analysis site that actually addresses this pair? I can't find squat!
CADJPY The silent pair
Linear Mode
