Been tracking CXY on this bearish channel. It's been moving as predicted for some weeks and it's now breaking the channel. I'd like to see some stronger momentum on the impulse, maybe next week.
SETUP - CXY findind support but may still come back down to the channel. The move up will be strong after the break of the blue dashed line
WAITING TIME - CXY is in a channel and bounced again off the top. Expecting it to come down to the channel then go up.
The chart shows INVERTED dollar index (blue) vs CAD index (candles). There is a clear correlation between inverted dollar and CAD - that is, a stronger dollar negatively impacts CAD - likely since a stronger dollar weighs on commodity prices in general. At present, there is a strong divergence between CAD index and inverted dollar. This needs to be...
IDEA - CXY still on a B of a Major 4. It´s in a down channel and may come down to the bottom at 61.8 before going up. Fundamentally, with OPEC production cut, it may also go up from here. Setup would be at the break of the channel
CXY waiting for a move up on this new security I'm analysing
we can risk long in the canal , but we can trade low risk if price break channel from the upside then we can wait the pullback and enter long as its shown
CXY COMPLETED A BEARISH GARTLEY: 1.13AB=CD converges exactly at the same level with the 1.272AB at 77.4.
CXY SHORT PATTERN: 1. 2618 2.RECIPROCAL AB=CD