At the open of trading on Sunday night 12/27/15 some Forex pairs start to move in quick 20-50 pip stop runs. This may be a decent week for experienced traders. Overall volatility should be reduced due to low holiday week volume. Crude oil prices and the US dollar index will continue to have a major impact on currency prices.
USD CAD dropped 55 pips. We expected weakness as the pair sets up to move up again. We expect the pair to move back up a few hundred pips and then a major correction in the USD CAD uptrend as the pair goes into freefall.
We expect GBP USD to move down further, reverse, and eventually make a 500+ move to the upside when the Market Makers accumulation is complete.