At this moment, in the Brookfield Asset Management Company, the foreign exchange trading department, Danny and a ** changer, looking excitedly at USD/CAD, AUD/CAD, GBP/CAD, CHF/CAD, EUR/CAD.

It's North American time, they don't have a long rest, they sleep less than 7 hours, for them, there is no day and night, there is no time difference, when they can trade, when they get up! The pace of life is also irregular. They can go to work when they want, there are no hard and fast rules. But now they have gathered in the trading room.

"Danny, I didn't expect that we just woke up, and the Asian market USD/CAD, GBP/CAD, fell so much, what a grace of God!" said a trader with an excited face.

"Danny, this time we are taking advantage of this opportunity to continue to suppress USD/CAD! and CAD crosses!" said another trader excitedly.

I didn't expect that the USD/CAD, which was originally strong last night, fell so many points this morning, and for them these bears, it couldn't be a better opportunity to suppress!

At this time, another trader opened a technical indicator and said excitedly: "Danny, you look at the KDJ indicator on the daily chart, it is about to form a dead cross form!

Another trader said excitedly: "Danny!!It seems that USD/CAD may really be about to turn around, this KDJ death fork is a signal!!"

"Danny, you see, now it's all here at 90, it's overbought!" another trader pointed to the KDJ technical indicator and said, "It's really like a signal for a turnaround!"

KDJ, also known as the stochastic indicator, is one of the technical indicators widely used by foreign exchange traders, which uses the principle of statistics to form a law of data according to a certain statistical method and apply it to trading.

The stochastic indicator KDJ is calculated based on the highest, lowest and closing prices, and the resulting K value, D value and J value are formed at a point on the coordinates of the indicator, connecting countless such points to form a complete KDJ indicator that can reflect the price fluctuation trend. It is mainly a technical tool that uses the real volatility of price fluctuations to reflect the strength of price movements and the phenomenon of overbought and oversold, and sends buy and sell signals before the price rises or falls. In the design process, it mainly studies the relationship between the highest, lowest and closing prices, and also integrates some advantages of momentum concepts, strength indicators and moving averages, so it can be relatively quickly, quickly and intuitively judged the market. Since the KDJ line is essentially a random fluctuation concept, it is more accurate to grasp the short- and medium-term market trend.

The trader is very fond of using the KDJ indicator to determine the change of some trend, or the end.

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Danny pondered for a moment, thinking of countless historical examples of how USD/CAD is indeed turning sharply today.

The trader, who often likes to use the KDJ indicator, has a point.

Although Danny never used KDJ or anything like that. But the trader said what his heart desired.

He closed his eyes, took a few deep breaths, and said, "History is always strikingly similar! What happened in the past will still happen in the future! There will be nothing new in the market!"

After speaking, his eyes widened violently and shouted, "Suppress me hard!!"

···

At this moment, the Bank of Montreal, Adam is also discussing with a few traders, the current trend of USD/CAD seems to be a little weird, except for Adam, the other traders are absent-minded drinking milk, they also got up not long ago, and then ran to the trading room early.

Yesterday's market made them feel more relaxed, but today's Asian market is really worried for them, yesterday it rose a lot of points, but this morning's Asian market fell, so they are not very confident.

A trader pointed to the USD/CAD market and said: "Adam, something seems to be wrong! USD/CAD is back on the 5 EMA support again, and now it seems to be about to fall below the 5 EMA's support! At this time, USD/CAD has fallen to the 5 EMA many times, which makes him a little worried, once it falls below the 5 EMA's support level, then it will go to the 10 EMA support level, and he is worried that once it falls, it may be out of control."

Adam heard the trader's words and fell silent. Just quietly watching every move on the plate.

"Adam, this market is a bit like a trend a year ago, it feels very dangerous!" Another trader opened the KDJ technical indicator, took a closer look, and he said: "Now the KDJ indicator has shown a dead cross, and the daily K-line has fallen to the 5 moving average, it is really dangerous!"

He is usually more keen to use the KDJ indicator to operate in the short term, this death cross pattern is indeed a signal to short, if he usually operates by himself, he will definitely go short USD/CAD!

"What do you think?"

"History is always strikingly similar! Maybe the same thing will happen this time! This market is so similar!"

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Adam closed his eyes, thought for a while, and said firmly: "People are always over-believing in history! I like to look for answers in the past, we shouldn't be like this, we should look at the future!!" After speaking, he pointed to the USD/CAD and said: "This is a chaotic market, we can't rely on indicators to find its logic, indicators have lags! It can only tell us what has happened in the past, but it can't tell us what is happening in the future!" I never use KDJ indicators, I do what I see in the market!"

Adam continued to point to the USD/CAD chart and said: "You see, he is a perfect bullish market, even if the USD/CAD falls below the 5 EMA, there are 10 EMAs and 20 EMAs below, and the general trend in the short and medium term is still bullish! We must continue to be firm in our judgment, if we are wrong, then we will cut positions! But now the market has not proved us wrong!"

Adam's words immediately caused everyone to fall silent, and after a while someone said, "Adam, I believe in you!"

Immediately, everyone took a stand.

"Adam, I believe in you too!"

Adam smiled and said, "Guys, open a position and go long!

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"Open a position!!" the crowd shouted, "We are right!"