This will be part of a series where I feature an asset class which is either bullish or bearish on daily, weekly and monthly time frames. This weeks asset class of the week is the Canadian Dollar (USD/CAD) which is bullish across daily, weekly and monthly time frames. The Canadian Dollar is weak despite strong oil prices off late. Perhaps the Canadian dollar is signaling a weakening Canadian economy ahead or an upcoming collapse in oil prices due to broad based dollar strength. Data from investing.com:
USD/CAD Daily:
USD/CAD Weekly:
USD/CAD Monthly:
USD/CAD Daily:
USD/CAD Weekly:
USD/CAD Monthly: