Oil continues to decline, and the market seems willing to welcome the $ 20 very soon But, is there, we are going ????
Crude oil can be seen that the Last support area holds
Are we are going to 26-28$…. and performed a move that will lead to areas 51-4$……
let’s test the Canadian dollar compatibility we will see oil prices the past weeks when the currency follows strong moves by the expectation, at the moment I expect for radical moves
don’t surprised if the amendment to the level of 1.24 + _ equivalent to the level of 51-4 oil price, if oil will move more than that we need to expect even stronger repair more at the level of 1.19 + _”
Look carefully crude oil they are the key factor
Another leg up in the usdcad / will lead to 1.46+_ or 1.48-90
(With an option to continue the level from 1.54 to 55)
the 1.46-1.48 Area hand by hand with crude oil to 26-28 prices
Good luck
Now if i see the right pic we are going for some corrections
According to patterns who caught my eyes:
I have already said several times in the usdcad that in 1:41 to 1:43 levels there is potential for corrections in the Canadian
From Looking on number of things, I get some other impressions
For a long time, I analyze the relationship between the Canadian currency prices and oil
now i see there two patterns who catch my eye:
Another thing that watched in Canadian dollars charts
It seems, which makes the same move that was in 2006-7, which led a sharp correction.
As a reminder, you can watch my post on the usdcad in the 1.07 price level That noted usdcad is going to 1:31.
Now, remains to be seen whether this time too it will come……
If yes, then I predict targets, 1.24-1.19 in usdcad area with oil prices in 51-55
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| crude oil |
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| usdcad |
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