FX:USDCAD U.S. Dollar/Canadian Dollar
USDCAD is negatively correlated to USOIL , or in plain terms it does the opposite of each other. Right now, USOIL is making a inverse head and shoulder pattern. In my opinion this pair will go back up to a April/July 2015 high of around $60.00 a barrel. The reverse will happen with USDCAD pair, which will go down to a major of 1.24600 noted. As of now, USD CAD last week of trading was with EMA's under current PA. A reversal pattern will be happening sooner then later, which will be sign to go . I would on 1 hour of longer terms charts, be looking for this turn to happen at a major . Currently, trade with right now trend of USDCAD & USOIL ... but keep one eye of lower time charts for end of year noted change. is showing above 50, which is another sign of USDCAD being still at this time. Good luck and success.