CAD MEDIUM TERM SHORT: Massive divergence between DXY and CAD
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 corrected.
Sustained dollar strength should lead to a fall in CAD in the medium term.
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 corrected.
Sustained dollar strength should lead to a fall in CAD in the medium term.
Trade active
In progress, CAD weakeningNote
Going well
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.