2016- USDCAD Bullish & USOIL Bearish
On USDCAD & USOIL daily chart, which are negatively correlated. Rest of 2016 USDCAD will be bullish & USOIL will be bearish. Major RESISTANCE level noted is 1.26000. All EMA's (20 purple, 50 black & 200 gold are right on each other once EMA 50 goes above EMA 200, that will signals a major direction change of USDCAD pair. RSI in above 50.
For remainder of 2016, on shorter time periods, trading with reversal patterns in directions noted. Until USA POTUS election is settled in November, these pairs will be going in direction noted. Good Luck & stick with major TREND.
For remainder of 2016, on shorter time periods, trading with reversal patterns in directions noted. Until USA POTUS election is settled in November, these pairs will be going in direction noted. Good Luck & stick with major TREND.