i am expecting CAD to continue raising in the near feature.
hi all, Based on price structures, I focus on 4 currency indexes in this week. 1. CAD: Forming a flag correction which implies a next move. 2. CHF: confirmed to going down, price may has a small correction and form the bearish trend. 3. JPY: likely to break! We must wait for breakout or sell from top of correction. 4. USD: We catch the end of trend....
- MACD histogram highest during for 3 months - Current TOP is broken the biggest retracement of the nearest downtrend (wave VI to VII) and I think here is Elliot waves 1. -Thus, I predict CAD index will go up from the wave VII to wave VIII. - 3 targets are calculated by Elliot waves' rule.
This is not a trading advice!!! CXY broke key support level and moving down in a trend. Possible reaction levels marked with red and a possible harmonic cypher marked on the graph.
This is not a trading advice!!! CXY broke key support level and moving down in a trend. Possible reaction levels marked with red and a possible harmonic cypher marked on the graph.
Stay Bearsih until it break Green Line ...
a nice look at the two currencies individually. the NZDCAD should be just about set to turn around as soon as these last waves complete :D
Prices of crude WTI and liquidation factors of the Canadian Dollar are correlated.. take advantage of this, look to short CAD pairs in the coming week.
Several weeks ago. Investors worried New Agreement USMCA (United States-Mexico-Canada) that they are able to reach a mutual agreement. but Now There is a good signal. This will result in Canada's currency and economy returning soon.
4-5 Next year motions in #CXY has been shown....