FOREX PRO WEEKLY 17-21 August 2015

[ochills]

Lovely Analysis as always. But Commander I Pondered about EUR/USD & USD/CAD giving us the same market direction " BULL" considering the the fact that the two currencies are Negatively correlated. So who will bow out for the other ????? I will love to follow each pairs with caution.

thanks Commander As usual.

 

[Sive Morten]

Lovely Analysis as always. But Commander I Pondered about EUR/USD & USD/CAD giving us the same market direction " BULL" considering the the fact that the two currencies are Negatively correlated. So who will bow out for the other ????? I will love to follow each pairs with caution.

thanks Commander As usual.

Well, EUR and CAD not quite opositely correlated, this is just due relation to USD both of them. Yesterday probably I've overestimated a bit CAD short-term potential . Probably we should wait a bit more. Market was not able to break resistance, but I still think that CAD should be at 1.34 sooner or later.
There is just difference in time scale - EUR has shorter-term target, while CAD is a bit more extended.