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ridethepig

Oil weighing heavy on CAD

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
ridethepig Updated   
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Wave Analysis USDCAD CAD USD Oil cl1 Crude Oil WTI ridethepig
31
5
trendanalysis indicator waveanalysis usdcad cad usd oil cl1 usoil ridethepig
For this week we have a very interesting move with Oil being pulled down via demand shocks and incoming dollar strength via yields.

A great time for a review of our previous chart (see related ideas) where bulls came in as expected and defended 1.312.

Best of luck to those trading this pair...lets see how it goes!
Comment:
Huge miss on GDP from Canada
Trade active:
All targets cleared at 1.348 .. well done bulls !
Trade closed: target reached

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