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USD & WTI Stronger. Trading Long on CADCHF & NASDAQ.

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Welcome to this week’s Market Blast Fundamentals.

I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at the Dow Jones Industrial Average (US30), the NASDAQ (US100), EURUSD, WTI (USOil), CADCHF, USDCAD.


We see USD looking stronger against its counterparts except for CAD.Screenshot 2021-09-27 at 10.57.21Screenshot 2021-09-27 at 10.57.33

The CAD is stronger against its counterparts likely due to the increase in Crude Oil which always affects CAD.Screenshot 2021-09-27 at 10.58.02

If we do a strong versus weak analysis, we see that CADCHF, for example, has broken resistance and the next key level above is in this zone of consolidation around 0.737 francs.Screenshot 2021-09-27 at 10.58.16

But keep an eye on this Friday’s Canadian GDP figures for more potential movement.Screenshot 2021-09-27 at 10.59.23

Also, you may note that there are quite a few speeches this week by Central Bank governors and this is significant.

Investors and traders will be listening and waiting for clues on future monetary policy and fiscal policy based around the pandemic, economic recovery and climate change.Screenshot 2021-09-27 at 10.59.41

Many traders expected some movement on EUR, based on the German elections yesterday, but it seems that it will take weeks and months of negotiations to form a majority in the German government.

We see stock markets recovering all over the world and the Dow Jones Industrial Average has passed above the 100-day Simple Moving Average.Screenshot 2021-09-27 at 10.59.57

And, we are always saying “Buy the Dip” on indices and we hope you spotted this reversal on the NASDAQ which still has room to move to the upside.

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

CFDs and FX are leveraged products and your capital may be at risk.27 sept EN TN



This post was written by Graeme Watkins

CEO Valutrades Limited, Graeme Watkins is an FX and CFD market veteran with more than 10 years experience. Key roles include management, senior systems and controls, sales, project management and operations. Graeme has help significant roles for both brokerages and technology platforms.

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