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Cad/Oil Correlation

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 15, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The daily chart below is showing a powerful rally from 83.90 to the 72.37 zone, which is called an impulse wave. This impulse wave, a blue wave I/A in our case, was reversed at 72.37, where a correction shown in the blue wave II/B has started. The blue wave II/B...

    complete article here...
     
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