 |
Elliott wave Analysis: USDCAD and Crude OIL ConnectionTop ↑  Our Services NEW!!Elliott Wave School Feb 14 2019
USDCAD turned down very aggressively in January, but then turned sideways so it appears that some tricky price structure can be unfolding here. Well, we are observing a complex correction, ideally a flat which is now unfolding its final leg C up that can look for resistance at previous wave A swing high; at 1.337 level. From there we should be aware a turn into stronger CAD, and potential drop down into wave C) back to February lows. USDCAD, 4h .png) If you are trading USDCAD then you should be watching oil prices too. Keep in mind that higher oil prices are bearish for USDCAD. In fact, on oil we see ongoing recovery on a daily chart with more upside coming after wave B set-back is finished. And that’s the time when USDCAD may finally turn down very aggressively. Crude oil, daily .png) Below we also have a chart of the negative correlation between Crude oil and USDCAD.  Newsletter archive
|
New York time: 00:00:00
Local time: 00:00:00
DISCLAIMER
Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time.
Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.
Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time.
Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.
| Members area Newsletter |
Services FAQ |
Terms And Conditions Privacy Policy |
||
 |
 |
 |
.gif){kind=small} |
 |
©2010 - 2018 ew-forecast.com
Design: VOBI