The CAD being the worst G10 currency Canadian funds are bailing out of anything CAD denominated, an mass!
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Other "minor" considerations would be: - A Pandemic Collapse - Followed by a financial collapse - Accompanied by a -25% US market plunge, post election - Factoring in a massive ongoing UD rally - A dying Europe ... will generally deck the debt-ridden, incompetent Loonie like a blanket the size of Montana!
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Here is the Monthly; ... going to 70 - if it's lucky.
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Also notice the relentless Lower Highs and Lower Lows - also known as a: Down trend ;-)
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Chances are.. ... that they're gonna Stop Hunt this before the Dive of the Century.
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Your second chance... ... for a SHORT Entry!
Trade closed manually
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-10 pips
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Considering how many SHORTs are sitting up here, chances are they're gonna Stop Hunt this all the way up to 80.60. Let's wait and see...
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Let's hope it hits at least one of the Stop Hunts and then SHORT it like nothing you have ever sold before!! Target: 70.00 -> 1000 pts.
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SHORT Let's try this w. a 40 pip stop. Look ready to go!
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Also LONG USD/CAD, SHORT AUD/USD, AUD/JPY.
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Foundations of Fundamental Analysis -
Chapter !) When more money is buying than selling, markets will go up.
Chapter 2) When less money is buying than selling, markets will go down.
- Advanced Fundamental Analysis -
Follow the money!
- The End
In the pat 20 days Canadian Funds expatriated +40% more assets than during the Financial Crises of 2008-2009. - 70% of those funds went to Asia. So, what d'ya thenk?... If the Canadians, themselves, are dumping the Loonie, as fast as humanly possible... Shouldn't that be your clue?!
Just in case if in need of yet an other clue; Both, last Thursday and Friday, -37 Billion CAD got dumped on the FX dealer "market close", in both, consecutive instances.