It seems the $CAD will regain strength here. The dollar printing and spending is starting to show up in currency charts and bond yields, whereas for now it was only reflected in the price of Gold, Bitcoin and Stocks. It'd be interesting to capture upside in commodities and commodity related plays, apart from the other stores of wealth I mentioned above. On the way down there is a level that can act as support and slow down the fall, near target one for this signal, so probably then we see a sideways range before further downside in the Dollar.
This is more of an analysis piece rather than a trade entry since the ideal entry is late by two days. But good info if you're holding longs or shorts in this pair.
Cheers,
Ivan Labrie.
This is more of an analysis piece rather than a trade entry since the ideal entry is late by two days. But good info if you're holding longs or shorts in this pair.
Cheers,
Ivan Labrie.
Trade closed: target reached:
Target hit.
