Mirror Images of Crude Oil and USD/CAD Argue Strongly for a Period of Commodity Price Recovery

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    As we might expect, the big decline in Oil prices triggered a mirror-image reverse trend in the CAD vs. USD (The Canadian Dollar (CAD) weakened at every down-step in the Oil price since July 2014). Two features jump out of the enclosed comparison chart: 1) IF-- yes, IF, Crude Oil has turned up for an intermediate-term recovery-rally period, then the relationship with the CAD should invert (already has) for the next several months (i.e- during the Fall and Winter months), and 2) my technical

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