Currency Market: CAD/ZAR, CAD/EM, GBP/EM

As written in 18 currency pair trade rankings, USD/EM and EUR/EM wasn’t very appealing this week to trades and reveals a fairly neutral market. A neutral market must then take the next best view and that is found in CAD/ZAR and written many times over the years.

EUR/USD’s perfect opposite currency is CAD/ZAR as CAD/ZAR serves the expression as a USD currency. Over many months this year, EUR/USD and CAD/ZAR were deeply married as movements in both pair contained dead ranges. This is now changing as EUR/USD and CAD/ZAR ranges are opening wide, slowly week to week yet widening. This is encouraging to overall better weekly trades ahead.

EUR/USD as written contains a long only strategy while CAD/ZAR is opposite as a short only strategy. This is the same as saying long EUR/USD and short USD currencies. Viewed from oversold GBP/USD then overbought GBP/ZAR comports to oversold GBP/USD.

We’re short USD/CAD this week as overbought CAD/EM complies to shorts. A comparison from the next set of opposite currencies, GBP/USD V USD/CAD reveals  GBP/EM is oversold and overbought for CAD/EM yet not universal throughout all currencies.

The currency system contains 476 currency pairs and its quite easy to view any currency for trade purposes in minutes.


CAD/EM is much aligned as NZD/EM as the best trades are located in CAD/Europe.

CAD/BRL 4.1905 decides longs and shorts.

CAD/CNY oversold, long 5.1626 and 5.1572 to target 5.1733.

CAD/CZK oversold, long 17.19 and 17.1764 to target 17.2029.

CAD/DKK overbought, short 5.0428 and 5.0472 to target 5.0339.

CAD/HUF oversold, long 238.74 and 238.41 to target 239.18.

See also

CAD/MYR overbought, short 3.3882 and 3.3926 to target 3.3711.

CAD/PLN overbought, short 3.1015 and 3.1052 to target 3.0867.

CAD/ZAR deep overbought, short 11.7549 to target 11.6993.

CAD/EM contains 4 overbought currencies, 3 oversold and 2 undecided.


GBP/BRL deeply oversold, break 7.2606 targets 7.2369.

GBP/CNY oversold. 8.9809 decides.

GBP/CZK oversold,

GBP/DKK overbought, short 8.7630, targets 8.7447

GBP/HUF, oversold,

GBP/MYR overbought

GBP/PLN, neutral

GBP/RON, neutral,

GBP/TRY oversold

GBP/ZAR overbought.

Where EM becomes interesting this week and non compliant is CAD/EM contains the same trades as GBP/EM and NZD/EM and Europe is where the majority of movements will be seen and fairly neutral for EM/ASIA.

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