Look for Bullish trades on Canadian Dollar now

The Canadian economy is hinged on oil for most part, as a result them and other economies where oil account for most of their GDP do experience strength in their currencies when there is an oil boom.

Hence get a strength indicator and use it with moving average on the H4 or Daily timeframe to pick your trades on CAD pairs. use a 200 moving average on the H4 (four hour time frame) and a 21 moving average on a D1 timeframe.

See example below where we short GBPCAD (British pound against Canadian Dollar) that is we buy CAD and sell GBP

Trading Canadian Dollar in Forex: the easy way

Enjoy the pips and cash


See brokers you can trade with here
See how to set up mt4 here