Seasonality in USD/CAD
April 8, 2009
As you know, I love cases of seasonality. In the month of April, the strongest case of seasonality in forex can be found in USD/CAD. In 7 out of the past 10 years or 70 percent of the time, USD/CAD has fallen in the month of April. Take a look at the eerily strong pattern in the chart below. Unsurprisingly we are beginning to see USD/CAD repeat this pattern in 2009. There is also seasonality in the AUD/USD.
Source: FX360.com
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Posted in Australian Dollar, Canadian Dollar, forex blog, forex seasonality
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April 8th, 2009 at 2:54 pm
Hmm, I dont trade USDCAD so I dont really see that pattern, but the way you analysed it sounds interesting. Could be applicable to other pairs.
April 9th, 2009 at 5:40 am
Which other pairs display a strong seasonality?
BTW, looking forward to see you here soon Kathy!
April 9th, 2009 at 5:47 am
What other pairs exhibit strong seasonality like the loonie and aussie?
August 14th, 2009 at 6:57 am
[...] Kathy Lien explains about seasonality in USD/CAD. [...]