CANADIAN DOLLAR CURRENCY INDEX TVC Profitable Deals Not a Lot Of Indicators
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CXY trade ideas
Canada Up before downCanada Dollars still gonna make some more upward move BEFORE Diving.
Look for the red dots above for shorts
Canada , in the long run, will goes down deepGet ready for your LONG Term strategies on Canada Dollars
Retracement ofcourse happens but the major move would be downward
Canadian Dollar Index on Final Peak?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...
Canadian Dollar Analysis for CADJPY Short!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.
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Cad heading into a risky zone The cad bullish momentum is going to be tested within the zone because it heading towards a major resistance zone. This zone has rejected several trends, causing bearish momentum in the past
Now would be the best time to test for the bearish emergence being that the cad is another safety currency. As the market's fears over the viruses ease more the cad might not look as favorable anymore and there could be huge profit-taking and shifting of currency demand.
Canadian dollar index CXYThe interesting thing about trading is market can go either ya don’t be fixated on one direction. Listen to the market and follow it
CXY 31 October 202031 October 2020
Price has came down as anticipated last week, and reach it's support & MA200 line.
At the moment, would rather wait & see, where the market is going.
Will it break the support & MA? Or will it bounce up and test the resistance once again?
