Traderscope

Canadian dollar index - Reinforcement expected

Traderscope Updated   
TVC:CXY   Canadian Dollar Currency Index
Hi guy, the "Loonie" aka Canadian dollar is near a strong support weekly. This support is an ascending trendline which might announce a strong rebound of the Canadian dollar.
Possible scenarios:
  • USDCAD: USD on a resistance and CAD on a support = Short on USDCAD
  • EURCAD: Downtrend continuation expected on the pair
  • GBPCAD: Downtrend continuation expected on the pair
  • NZDCAD: Bearish. Come-back on 0.8700 expected¸
  • AUDCAD: Neutral
  • CADJPY: Bullish
Comment:
What happened today is exactly what I forecasted on all CAD crossed pairs.
Comment:

Mes positions et signaux en temps réel: bit.ly/3QZFVur
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