CAD not getting devaluated anymore afaik
USD is
Trend here on weekly / 3 years is down, and the shorter term daily one went from up to down.
I think it will be a slow downtrend, but watch out for crazy events and monetary policies in the US.
I see 2 things possibly happening:
1- Goes up and down while downtrending and bounces in the down channel:
2- We are in complacency denial, price will dump fast and capitulate:
(Or this too is possible)
If the price starts going up (higher highs and higher lows not just breaking a resistance) this is invalidated.
-> Sell tops around the dynamic resistance
-> Buy bottoms around the dynamic support
-> Get out if rekt bulls, buy around full retrace (back to zero)
USD is
Trend here on weekly / 3 years is down, and the shorter term daily one went from up to down.
I think it will be a slow downtrend, but watch out for crazy events and monetary policies in the US.
I see 2 things possibly happening:
1- Goes up and down while downtrending and bounces in the down channel:
2- We are in complacency denial, price will dump fast and capitulate:
If the price starts going up (higher highs and higher lows not just breaking a resistance) this is invalidated.
-> Sell tops around the dynamic resistance
-> Buy bottoms around the dynamic support
-> Get out if rekt bulls, buy around full retrace (back to zero)