USDCAD TECHNICAL AND FUNDAMENTAL ANALYSIS
OIL AND USDCAD ARE SUPPOSE TO TRADE CONTRARIAN. NOT DONE FOR 6 MONTHS.
EXPECTED FED RATE HIKES (4) FOR 2016. ACTUAL (0)!
600 PIPS ABOVE LOW. WHAT DOES THE MARKET KNOW?
OIL ROSE BY 90% (26 TO 50) WHEN NEWS SAID "WORLD GLUT"
OPEC ATTEMPTING TO STABILIZE OIL PRICES NOW.
EXPECTED FED RATE HIKES (4) FOR 2016. ACTUAL (0)!
600 PIPS ABOVE LOW. WHAT DOES THE MARKET KNOW?
OIL ROSE BY 90% (26 TO 50) WHEN NEWS SAID "WORLD GLUT"
OPEC ATTEMPTING TO STABILIZE OIL PRICES NOW.
Note
Not a sell recomendation yet!
Upside potential is very possible. .618 next perhaps. Must look for
setups to go short on smaller time frame. Diagonal pattern forming.
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