How Oil Moves with USD/CAD. Check it out in the chart below: Crude Oil vs. USD/CAD Inverted. Forex divorce or not. It may be a clue for you to go short on USD/CAD! Some forex brokers allow you to trade gold, oil, and other commodities. There, you can readily pull up their charts using their platforms. Oil is traditionally priced in US dollars so demand can also be influenced by the relative strength or weakness of this particular currency, even becoming more attractive as an investment when the. Get instant access to a free live streaming chart for the US Dollar Index. This unique 'area' chart enables you to clearly notice the behavior within the last 3 hours of trading, as well as.

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The US Dollar Index (DXY) found support at two-month trend-line support but has bearish price pattern potential. Is a pair I looked at in the Tuesday webinar due to its steady trend-line, with it continued to be tested will it eventually fail? Could be on the verge of rolling over from a trend-line dating back to the peak created in January 2017. May be on the verge of rallying as descending wedge forms. Gold is up against trend-line resistance, on weakness will have trend support quickly showing up; could get jammed up a bit more before breaking one way or the other. Technical Highlights: • US Dollar Index (DXY) trend-line support/H&S potential • USD/CAD clear trend-line support, hold or fold soon? • USD/MXN decision time coming at January 2017 trend-line • Crude oil descending wedge may soon mark short-term bottom • may get bottled up some more before making a move See where our team of analysts think your favorite markets and currencies are headed into year-end in the US Dollar Index (DXY) trend-line support/H&S potential The US Dollar Index (DXY) bounced off trend-line support earlier this week, and while the line from September keeps price pointed higher there is potential for more weakness if a developed ‘head-and-shoulders’ forms.

/binary-options-live-demo-account.html. The only issue with a bearish outlook, though, should we see the neckline (which is also the trend-line from Sep) break, is that it won’t be long before the April trend-line is tested. So while there could be some weakness it will pay to watch how price action plays out should the longer, more important level of support is met. The thinking on this end is that might want to continue to lack strong conviction either way through year-end. US Dollar Index (DXY) 4-hr Chart (T-lines, H&S possibility) See what key fundamental and technical factors are expected to drive the US Dollar through year-end in the USD/CAD clear trend-line support, hold or fold soon?

In, I looked at USD/CAD and basically said, while conviction was lacking from either side the clear trend-line support on the 4-hr chart offers traders a line to lean on whether it was to stay with the trend higher or for those would-be shorts who are waiting for a stronger signal before entering. The repeated test in close proximity to one another is making the line increasingly important and perhaps weaker. Stay on or above and must respect the trend, but if it breaks a fair amount of sudden selling could come in. USD/CAD 4-hr Chart (T-line repeated testing) USD/MXN decision time coming at January 2017 trend-line USD/MXN is pressed up against a trend-line from January 2017, and while the trend is higher since early last month, it could be losing momentum and on the verge of rolling over.