Archive for July, 2009

The Relationship Between Crude Oil And Cad

Wednesday, July 15th, 2009

Historically speaking, crude oil and the Canadian dollar have had a very strong relationship, most of the time, the two assets having a high degree of correlation. This can be explained by the fact that Canada holds the second biggest oil reserves in the world after Saudi Arabia. Moreover, a…

Original post by Forex Articles (ActionForex.com) and software by Elliott Back

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The Psychological Utility of Technical Analysis

Monday, July 6th, 2009

Technical analysis is sometimes studied as if it contains a grain of secret knowledge or portrays an intrinsic truth about currency movements. Often it is said that a specific chart formation will produce a specific price movement. Technical analysis does nothing of the sort. A chart is a reflection of…

Original post by Forex Articles (ActionForex.com) and software by Elliott Back

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