CXY CANADIAN DOLAR INDEX DAILYThis is not a trading advice!!!
CXY broke key support level and moving down in a trend. Possible reaction levels marked with red and a possible harmonic cypher marked on the graph.
CXY trade ideas
ZXY & CXYa nice look at the two currencies individually. the NZDCAD should be just about set to turn around as soon as these last waves complete :D
CXY Bearish Call.Prices of crude WTI and liquidation factors of the Canadian Dollar are correlated.. take advantage of this, look to short CAD pairs in the coming week.
Relieve anxiety for USMCA and Economy of Canada is Come back!! Several weeks ago.
Investors worried New Agreement USMCA (United States-Mexico-Canada)
that they are able to reach a mutual agreement.
but Now
There is a good signal. This will result in Canada's currency and economy returning soon.
CXY - Trend within TrendCXY, is having trouble continuing upward in it's channel due to the micro-trend (white) visible here. micro-trends are weaker than major-trends, however, they do affect price-action as we can see, sometimes taking control from the major-trend for extended periods of time.
CXY WeeklyCad index... But Weekly... Mind you. This is the pattern that seems to be playing out. We can still get a correction and one more down into the zone, but all the fibs measure out for a 7 swing...(From the low it just made). The "X" wave can be in different variations, but this is how everything seems to be measuring out.
CANADIAN INDEXCXY buy idea @ Demand Zone 75.6-72.6
Buy Limit: 75.6
Stop Loss: 72.5
Take Profit: 80.0
