USD/CAD Daily Video, October 25 , 2016

[Sive Morten]

Good morning,

CAD in combination with Crude Oil shows thrilling setup:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[grae64]

can you pleaqse post a clear picture!

 

[Major_Tom]

Thank you Sive!

 

[Brett Reynolds]

Maybe you spoke too soon!? But i have been stalking this Loonie and same on AUD/CAD for weeks now..!??

 

[fxsmall]

Good morning Sive, now the UK oil droped to 50.10 what do you think about the pattern on Usd/Cad ? I have a little short position on it. Thanks you.

 

[Sive Morten]

Good morning Sive, now the UK oil droped to 50.10 what do you think about the pattern on Usd/Cad ? I have a little short position on it. Thanks you.

We haven't got DRPO "Failure" on Crude Oil yesterday, but direct DRPO hasn't not reached target yet as well. CAD reaction on Crude drop was weak. Thus, scenario that we have discussed yesterday is still possible, although you were a bit hurry with taking short . So, if you have some hestitations - better to close position at breakeven. Invalidation point on CAD is the same - previous top, as we've said yesterday.