If us10y is going up and gold is looking to go down USDJPY could go up.
If OIL suffers CAD suffers as well although recently correlation broke down perhaps it returns.
God resistance summer trading i don't expect major moves or tech brakes.
If OIL 0.91% suffers CAD suffers as well although recently correlation broke down perhaps it returns.
same chart different time frame This could happen by the end of the month. Red horizontal line is 0.764 fib from 1999 low to 2008 high. Price did not close below on a weekly basis therefore we must be careful, oil 0.91% could be bottoming. Fundamentals point downwards. Let's see how wrong i am
This could happen by the end of the month. Red horizontal line is 0.764 fib from 1999 low to 2008 high. Price did not close below on a weekly basis therefore we must be careful, oil could be bottoming. Fundamentals point downwards. Orange are pivots(Ms2) Let's see how wrong i am
In these two green zones we can see a reversal for at least a pullback if not bigger trend.
Waiting for Koruda im already long after BOE at 140.200 if we break thru and close above red zone we can look for pullback on smaller time frame.
If we close below channel on 1h we can look for short setups again. Be careful today we have crude oil inventories also all contracts expire in friday so i would close or take partial profits by then. Im already in at 46.6