Here are the weekly candlesticks for US Dollar vs Canadian Dollar. Look at the multi-year base that it’s been putting in since 2009. Big round bottoms like this create some of the most powerful trends:
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Thursday, March 20, 2014
The Canadian Dollar Sell-off Should Continue
One of my favorite charts in the world is still the $USDCAD
weekly. After a monster breakout to start the year, prices have been
consolidating very nicely throughout the past couple of months.
Here are the weekly candlesticks for US Dollar vs Canadian Dollar. Look at the multi-year base that it’s been putting in since 2009. Big round bottoms like this create some of the most powerful trends:
Notice the 40-week moving average flatten out a few years ago and then turning higher early last year. (more)
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Here are the weekly candlesticks for US Dollar vs Canadian Dollar. Look at the multi-year base that it’s been putting in since 2009. Big round bottoms like this create some of the most powerful trends:
Please share this article
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