Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

April 28, 2017 | USD/CAD Correction Time?

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

USD/CAD 4-hour View [last 1.3619]:  We may have seen a five wave impulse rally completion at 1.3647, labeled wave [5].  If so, there is at least a short-term setup for move down to 1.3400-level in minor wave [c].  And if oil rebounds here (as we have been expecting a move back to 51-level in WTI futures June), $-CAD could break-down sharply.  Daily swing support levels:  1.3480/1.3260/1.3220

Share

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

April 28th, 2017

Posted In: Black Swan Currency Currents

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.