Recently Cameco touched 50MA.
Cameco has to close and remain above its 50 day moving average (blue line) to consider trend change.
Cameco could go to $21 (0.23 fib line) in 9 months and $29 (0.38 fib line) in months 10-12 WHEN cycle ends, which could be Q2-3 2019 or right now Q4 2018.
DXY and Libor not done rising yet until Federal Reserse stops raising rates in...
Reposting this idea with CADUSD as the ticker.
Canada is basically an EM like Brazil, except without the trade from the USA.
Both Canada and Brazil services sector are 70% of GDP (70% vs 73%).
Both depend on oil and resources for revenue.