Tuesday 1 April 2014

How Oil can help you profit in FOREX




 It's always nice when you can find a reliable indicator to help you predict the movement of a currency pair. In today's must-watch video, Sean Hyman, Editor of Currency Cross Trader, talks about the relationship between crude oil and USD/CAD (U.S. dollar vs. Canadian dollar). Sean explains the inverse relationship between the two and the scenarios that could play out for USD/CAD depending on whether or not crude oil breaks through its support point at $77.50 a barrel. This is one of the easiest relationships to watch in the forex market so make sure you watch this video today and don't miss an opportunity to profit!


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2 comments:

  1. Clara Mellor16 March 2017 at 02:00

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  2. Khalif Mohammed4 May 2020 at 01:20

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