CXY trade ideas
Possible scenarioCXY = USDCAD upside down. Camarilla is one of the best indicators for forex traders as it reveals important hidden levels one would not be able to spot with naked eye.
And since it is a leading and static indicator you dont need to flip all the charts trying to find those levels.
If this thing breaks through R1 it will move higher.
TOLD YOU SO!EXPECTING A BOUNCE HERE, BUT THE TREND IS MASSIVELY BEARISH!
THE CANADIAN LOONIE IS THE WEAKEST CURRENCY IN THE WESTERN WORLD, EVEN WORSE THAN THE AUD (IT MAY NOT SEEM IT YET, BUT JUST WAIT!)
THERE IS A GOOD CHANCE GEORGE SOROS IS BETTING ON A CURRENCY CRISIS HERE JUST LIKE ENGLAND IN THE 1970s!
CXY/XXXCAD/M/Big Uptrend to unlock when??Observations
+Oil rinse and clean soon.
Remarks
Though CAD cuts rates due to global slowdown due to COVID 19 some serious recovery soon thinkable and unavoidable
When is the question to be asked now??
As of writing
USDCAD
EURCAD
GBPCAD
CADJPY
CADCHF (Bit beware of CHF may be a different story)
AUDCAD
NZDCAD
CAD RSI is in bearish breakout www.macleans.ca
Today Canadian households are carrying more than $2.9 trillion in consumer and mortgage debt, nearly double their debt load before the Great Recession hit, which makes every cut that much more powerful.
LOONIE SHOWING EXTREME WEAKNESS!BANK OF CANADA DIRECTLY MONETIZING FEDERAL DEBT FOR A DECADE!
NEGATIVE REAL ECONOMIC GROWTH!
NEARLY UNPARALLELED DEMOGRAPHIC PROBLEMS!
HOT TAKE: CANADA IS THE NEXT VENEZUELA!
Candian Index AnalysisWe are expecting one the 2 secnairos will happen, according to the next moves.
Canadian Dollar Index At channel supportCanadian Dollar Index At channel support
Lets see close price action
and be ready for USDCAD down
