Loonie, the Dollar and the Oil Services Index

CLIFF NOTES: USD support for BUY opportunity shown//very important divergence present in OSX and LOONIE vs USD.  for the life of the data they have moved opposite but for the past 2 years they have rolled together.  while they have lead/lagged they have, essentially, been doing the opposite at tops and bottoms.  When one tops the other bottoms and vice versa.

april 01 2014 CAD big low april 01 014 cad polarity april 01 cad buy

so, at times, one could look to the Oil Service Sector and see if a BUY or SELL pattern completed and then look for the opposite pattern to appear on the Loonie vs the USD.  For two years that has not been the case .. they are moving together.  They could roll together into infinity but something certainly doesn’t make sense …

Main20140401092100 Main20140401093154

so compare the commodity currencies (AUD/NZD/CAD) against each other ….BOOM a beautiful SELL PATTERN on the AUDCAD

Main20140401093637

CLIFF NOTES: Loonie “should” strengthen against the AUSSIE

how about CNZDCAD? not suprising — KIWI is kicking everyones butt right now … it’s at an all time high against the LOONIE w/ strength.

GBPCAD:

Main20140401094120

 

EURCAD:

Main20140401094403

CHFCAD:

Main20140401094633

 

CADJPY

Main20140401094955

Main20140401095216

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