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NAS100 ANALYSIS

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@godspowerdan - 5 hours ago
Quoted - asuquokelvin

No it's not like direct or indirect correlation, the fundamentals is that once oil prices start surging it strength the CAD index which causes CAD to be stronger than dollar because Canada is a major oil exporting country so their economy actually depends highly on oil prices so but if oil is down and CAD fundamental is good and dollar is down fundamentally it can still favour usdcad sells but if USD is stronger fundamentally and oil is weak and cad is fundamentally weak it will favour usdcad buy

All this fundamentals 🥲

It's quite interesting... So if FOMC favors USD, USDCAD will buy right

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@asuquokelvin - 4 hours ago
Quoted - godspowerdan

All this fundamentals 🥲

It's quite interesting... So if FOMC favors USD, USDCAD will buy right

Yes definitely but you have to look at oil too, if oil sells below it's previous higher low then the buy will be more authentic

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@godspowerdan - 1 hour ago
Quoted - asuquokelvin

Yes definitely but you have to look at oil too, if oil sells below it's previous higher low then the buy will be more authentic

which low do you mean

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@asuquokelvin - 1 hour ago
Quoted - godspowerdan

which low do you mean

That's the low, if taken out which is not possible, so that's it, but oil will continue rising

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