Olu
Long

UsdCad: Breakout ahead?

FX:USDCAD   U.S. Dollar/Canadian Dollar
63 5 3
Comments on the chart
Comment: Idea still in play. Come breakout come...Price sold off today but found supply at 1.3135 a break of which would delay the idea but not negate it
Comment: Still waiting for the upside breakout. Dire data about the CAD economy this week that helped recoup some losses in this pair
Comment: price moved up today as Crude fell. A breakout is in sight now
Comment: News came out that crude price was going to be stabilized. Crude jumped and usdcad tanked as it is correlated inversely with the price of crude. Crude is now looking strong so this idea might be failing...
Comment: Price is threatening the upside again despite strength in crude oil. Are we seeing a divergence between oil strength and usdcad price movement?
I'm getting the impression that the rise of oil is mostly rumored and the real price will stabilize below $50.00. Thus, I agree with your speculation, but it is only speculation and I totally suck as speculation. Just want to qualify this. lolz Appreciate your experience and charts.
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The direction is not yet too clear to me. Oil movement is up and down so far. I agreed with next week wait for clearer direction.
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What do you think now, sir? I've been waiting for a break out, too.
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Olu dead2live
still waiting too. With oil selling off the way it did today I think the wait wont be long now
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Ty sir.
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