UC Weekly Classic Cup & Handle or not?
Updated
Looks like a classic UC Classic Cup & Handle to me with EURCAD and GBPCAD at lower levels and CADCHF and CADJPY residing at higher levels, this C&H pattern could very well confirm its continuation of the already set uptrend.
However, in the exceptional case that USD devalues at the same time and at the same pace or faster, UC would drop from where that happens, possibly drawing the same structure as it did January 2016, swing up to 1.47 and then down to 1.24
However, in the exceptional case that USD devalues at the same time and at the same pace or faster, UC would drop from where that happens, possibly drawing the same structure as it did January 2016, swing up to 1.47 and then down to 1.24
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