CXY trade ideas
CXY breaking the channel for a wave C startBeen 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.
CXY findind support but may still come back down to the channelSETUP - 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
CXY still in a channel, waiting timeWAITING TIME - CXY is in a channel and bounced again off the top. Expecting it to come down to the channel then go up.
CAD MEDIUM TERM SHORT: Massive divergence between DXY and CADThe 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.
CXY still on a B of a Major 4 - IDEAIDEA - 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
CAD index (cfd)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 GARTLEYCXY COMPLETED A BEARISH GARTLEY:
1.13AB=CD converges exactly at the same level with the 1.272AB at 77.4.
