Price has broken outside 1.2915s resistance and made a dip 1.2535s and making a new high 1.3380s suggesting uptrend in place.
There has been many things to consider outside charts on UC IMO.
Recently USA has been imposing sanctions on many nations China, Russia, North Korea and Iranians too.
On the hypothesis
"If oil dropped 70s higher USD will fly vs CAD IMO based on
USA imposting sanctions on Iran to devaluate their currency but still Iranians says they are good oil at 70s, we can sell our oil to asian countries."
Now the next question on the card is IS FED RISING rates too much fast?
Yet I'm expecting a dip to buying on UC.
BOC also hiked few times earlier
DXY slightly bullish
There has been many things to consider outside charts on UC IMO.
Recently USA has been imposing sanctions on many nations China, Russia, North Korea and Iranians too.
On the hypothesis
"If oil dropped 70s higher USD will fly vs CAD IMO based on
USA imposting sanctions on Iran to devaluate their currency but still Iranians says they are good oil at 70s, we can sell our oil to asian countries."
Now the next question on the card is IS FED RISING rates too much fast?
Yet I'm expecting a dip to buying on UC.
BOC also hiked few times earlier
DXY slightly bullish
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1H uptrendline incontact
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Lets see if 1.3215 gettable . Data looks positive
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Fresh USA sanctions will hit in the month of November
UC looks bullish in month of November
UC looks bullish in month of November
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mportant Dates on USD ,
NAFTA concludes in August CAD to gain?
Aug 24 First Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sept 4 2nd Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sep26 Fed Rate hike USD decline on December Doubtfulness? or rise?
Nov Month UC will be long. Iran Fresh Sanctions will hit CAD to loose and USD to gain? Looks Neutral until November. Breakout up possible in November.. IMO
NAFTA concludes in August CAD to gain?
Aug 24 First Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sept 4 2nd Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sep26 Fed Rate hike USD decline on December Doubtfulness? or rise?
Nov Month UC will be long. Iran Fresh Sanctions will hit CAD to loose and USD to gain? Looks Neutral until November. Breakout up possible in November.. IMO
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Between Then and Now :)
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Uc oil inverse correlation bit dimmed atm
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