This is CAD Weighted average. Yesterday the overall structure may have changed. The second attempt on the way up FAILED.
Now look at the last candle on the weekly Timeframe. It broke the resistance and made a fresh higher high but failed and as we are on Friday it is probably closing red and below the resistance. This is a bearish signal. Weaker CAD is Weaker OIL.
Thanks,
Now look at the last candle on the weekly Timeframe. It broke the resistance and made a fresh higher high but failed and as we are on Friday it is probably closing red and below the resistance. This is a bearish signal. Weaker CAD is Weaker OIL.
Thanks,
