In the second part of the London forex webinar David focuses on the CAD/JPY, a fascinating pair which has several aspects to it, not least risk and oil. The currency strength indicator in multiple timeframes is delivering a strong picture of an overbought Canadian dollar, but is this trade worth taking at present? Here we consider all the factors in making this decision including the VIX, the US and UK indices, and finally where the price of oil is heading intraday. All play their part in the decision making process.
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