NIO: Business Model Looks Unsustainable
12 minutes ago
Easy to understand analysis of all the major world markets including commodities, stocks, currencies, ETFs and bonds.
Last week the Canadian and Australian dollar both tested resistance and failed to break through. It now appears that a rather large double top formation is beginning to take shape. Both currencies have broken their uptrend lines confirming a top. We'll see if the selling continues.
Labels: Forex
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1 comment:
Note - we are coming into strong seasonality in CDN due to correlation with oil.
Kevin
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