Attached is the 10 minute charts for the CADJPY Currency pair (Left) and the Crude Oil futures(Right). Notice how the chart patterns are very similar. This illustrates how the CADJPY currency pair is related to Oil futures. Check out the daily timeframe and see if you see the same correlation.
For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose
