Anbat
Long

USDCAD Daily Has Your Answers!!!

FX:USDCAD   U.S. Dollar/Canadian Dollar
97 0 5
USDCAD             Daily PA has been making a sideways and/or ranging direction since MAY. On chart is EMA 20 (purple), EMA 50 (black) and EMA 200 ( gold             ) LINES. All of the EMA's are very close together now. This pair will be BULLISH for rest of 2016. Once USDCAD             daily price action EMA 50 goes ABOVE EMA 200 this is called a GOLDEN CROSS. At this time the BULLS will 100% have control over this pair. In my opinion, this will happen this coming week.

A lot of positive CAD news and negative USD news for remainder of 2016 will be fueling this bullish run. This coming week a lot of NEWS (see bottom of chart, by volume indicator). RSI is now above 50 on indicator too. Remember that whatever USDCAD             does USOIL             will do opposite. This is because they are negatively correlated pairs. Good Luck.
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