As we see in the chart
The usdcad is at the end of the 5 bearish wave of the flat pattern
In flats, wave a is time consuming
Wave b has a deep correction
The c wave is sharp
We also see divergence at the end of waves 5 and 3
The dollar index is in the same situation
And oil with a correlation that has the Canadian dollar and oil is at its historic peak
Therefore, the weakening of the Canadian dollar is not unexpected
The usdcad is at the end of the 5 bearish wave of the flat pattern
In flats, wave a is time consuming
Wave b has a deep correction
The c wave is sharp
We also see divergence at the end of waves 5 and 3
The dollar index is in the same situation
And oil with a correlation that has the Canadian dollar and oil is at its historic peak
Therefore, the weakening of the Canadian dollar is not unexpected
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.