USDCAD

02 Nov: USDCAD

The “Great CAD Awakening” is finally upon us.  Nearly 1 year ago I forecasted that USDCAD was going to entire a great strengthening period and once it did it would going to be an extremely powerful bull market for the CAD.  Sure enough 1.24 came & went as price action flushed straight through the 200MA it it wasn’t even there.  Notice how that prior bull period also coincided during the last major Oil Super-Bull market.  MACD crossing centerline without slowing & Stochastics