Here's a longer-term labelling of CAD. I look at it and it gets me very excited over the trading opportunities that it represents (along with Crude and all the rest).
Once the purple 5 is complete, we will go down in blue 4 and this is supposed to be the biggest reversal in CAD and Crude in the last two years. I suspect this will coincide with some Fed's decisions over more QE, so along with skyrocketing Crude prices with will see a lot of weakness in the dollar, which will last for a good few months, possibly till spring 2016.
Once the purple 5 is complete, we will go down in blue 4 and this is supposed to be the biggest reversal in CAD and Crude in the last two years. I suspect this will coincide with some Fed's decisions over more QE, so along with skyrocketing Crude prices with will see a lot of weakness in the dollar, which will last for a good few months, possibly till spring 2016.
