Doublebullchuck
Short

USDCAD TECHNICAL AND FUNDAMENTAL ANALYSIS

FX:USDCAD   U.S. Dollar / Canadian Dollar
81 0 5
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.
Comment:

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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