CAD Index tracks the price of a CAD dollar. It's movement affect mostly the pairs have CAD. USDCAD and NZDCAD pairs have the perfect correlation of this index. The retest of a Daily Trendline gives us the opportunity to buy. The most important thing is to look for a buy setup and take a trade.
Due to the strength of the Canadian dollar, we focus on currency pairs with one side being the Canadian dollar.
I think Canadian Dollar will be a good buy. I see a RSI divergence.
Canadian dollar index creates falling wedge Bullish to resistent level
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In the coming period, we can expect a further weakening of the Canadian index, which we can use in trading with other currencies.
In the next week or two, we can expect a weakening of the CAD index. Use this for trading.
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Canada Dollars still gonna make some more upward move BEFORE Diving. Look for the red dots above for shorts
Get ready for your LONG Term strategies on Canada Dollars Retracement ofcourse happens but the major move would be downward
USOIL SHORT, USDCAD LONG, CXY SHORT. DAILY RSI divergence. Market lacks power.
CXY rally run after pandemic and clearly can see a big impact of Oil prices , it reached on it's final stage? Technically we expecting it's down move soon...
Disclaimer: Idea is to complement your research. With CADJPY Short for Bias, CXY (Canadian Dollar) has fail at 82.78-87.29 zone. Currently Price is testing 82.78 Resistance; A rejection to the Downside could see a Test of 79.7-78.16 zone (Previous Resistance for New Support). Keep in mind: A Weaker CAD and a Stronger JPY will Bear CADJPY. Like this...