CXY
Forex: USD/CADM timeframe oversold with divergence loosing steam BEAR
W timeframe price broken below uptrend trendline BEAR
D bulls loosing steam LL/LC confirms downward pressure BEAR
RSI overbought with divergence BEAR
MACD bulls loosing momentum turning negative BEAR
DXY extremely appreciated not good for economy and EM BEAR
CXY undervalued
BOC says stimulus might be needed NEUTRAL
WTI/DXY Oil starts to appreciate because of global uncertainty BULL
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CXY CAD INDEXmarket structure and long term vision , use this chart to setup few cad pairs to swing ,
CAD may strenghten...D1
-->> pullback to support
--->> a break below the cloud invalidate buying CAD
CXY - Next Week - I'll be Short if I get the right entry signalCXY - Next Week - I'll be Short if I get the right entry signal
CXY looking like a long term short snackCXY weekly approaching resistance. We get a clear bounce it looks like EURCAD and AUCAD are great long term buys as both pairs are nearing support with potential bounce. Please share your thoughts and feedback on these scenarios that we could likely see play out this week
USDCAD long term bearishOil prices bumping up, recent geopolitical crisis
Look at CXY (Canadian dollar index) prices seem to be off major demand zone
Looking to revisit broken upward sloping trend line
Short from 1.34 potentially
Wait for price action to confirm
CXY Weakness Continuance? Expecting CXY to lose a bit of strength this week.
Continuing to watch it play. Just something to keep in mind while dealing with CAD pairs.
OIL key momentsKey defining moments for USOIL as it is looking to either complete a bearish harmonic correction or invalidate the setup.
CADCHF SELL TAREGT 0.74000-THIRD TRENDLINE BOUNCE
-H4 BEARISH ENGULFING CANDLE FORMATION
-CHANNEL TRADE
-DAILY TIMEFRAME SHOOTING STAR REJECTING OF DAILT SIMPLE MOVING AVERAGE
-LOOKING FOR A COUNTER TRENDLINE BREAK (YELLOW TRENDLINE)
NZDCAD SELL TARGET 0.87000Good afternoon from the UK, well what do we have here? the last time i Traded this pair was around the 1st May looking for the decline to 0.8700 (Please see the related idea). Here we go again.
What i can see is my weekly key level no longer acting as a floor support which broke through but now a ceiling resistance with long wicks rejecting the 0.8900 price rejoin. On the daily timeframe price has test the golden ration 61.80% fib retracement. with multiple shooting stars. If you were to step down to the 8H & 4H timeframes moving averages are corresponding well with the intent of this pair seeing another tumble to create that double bottom at 0.8700.
The counter trend line is due to break on its third touch which if it does the retest will come and the decline continuation continues.
This is my Trade of the week.
CXY - CAD Long Term Weakness Continued?Expecting CXY to continue its long term weak trend.
CAD/XXX = \bearish
XXX/CAD = /bullish
*Generally, XXX matters just as much!
CXY approaching resistance, potential drop! CXY is approaching our first resistance at 6.9990 (horizontal overlap resistance, 78.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9634 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CXY approaching resistance, potential drop! CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CXY approaching resistance, potential drop! CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CXY - Canadian Dollar Currency Index (Neutral)CXY - Canadian Dollar Currency Index
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Currently in a 4 week range, saw a good surge of buyers on Friday.
It is currently attempting to test 2017 descending channel.
The reaction to this trendline will be instrumental in what happens next for the CXY
Let us wait and see.
Should we see a breakout, expect a retest of the trendline then more upside move
