death to cad

we may finally be ready to kill the cad!

will be updated shortly!

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THEORY #1 - CXY (CANADIAN DOLLAR INDEX)
has reached a major point of inflection and may seem some short term bearish action, but the rest of the theories will show you my macroview

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THEORY 2 (has to do with theory 1&3) FIB LEVELS
these are the only levels im watching out for the next 2 days (1.2122 & 1.2197) ALERTS SET ... ANYWHERE IN BETWEEN IS A NICE DAY TO WATCH A MOVIE! ONLY REACT AT FIB LEVELS !

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THEORY 3- DXY / DOLLAR INDEX (the idea above this one )

My post about my view on the dollar

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now on to EUR/CAD Theories
my over all outlook on this pair

as for right now this is what i see

Trade active

SHHHEEEESHHH!
ONLY 1 DAY IN ALREADY! & WE HAVE BREAKING NEWS!
BoC's Macklem:
- If continues to rise could be more of a headwind to export projections
- If moves a lot higher it could have a material impact on our outlook and how we set monetary policy
this was the reaction in the CXY ..

& here's how the trade is running so far

Note

after the great news, prices have retraced a little in eurcad but a lot in uc as the dollar is weaker than the euro at the moment. i see this move as a buy the rumor sell the news, type of event but we are still in tact for the long term

SlattYSL

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SlattYSL

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