USDCAD Inv HS Pattern
Bullish Inverted HS pattern with strong impulse and retest candles. Confluences with momentum of metals cross pairs and Oil.
Foreseeing Oil to drop into the 50's and Dollar Index to hit weekly/monthly resistance around 99-100 area. Precious metals need to drop a lot more and when they finish dropping (perhaps September/October?) there may be a strong buy opportunity. Counter dollar scenarios at this current resistance point appear invalidated.
Foreseeing Oil to drop into the 50's and Dollar Index to hit weekly/monthly resistance around 99-100 area. Precious metals need to drop a lot more and when they finish dropping (perhaps September/October?) there may be a strong buy opportunity. Counter dollar scenarios at this current resistance point appear invalidated.
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