Short Trudeau Coin,
Entry date 11/10 expected position exit 11/29, 15 year hit rate 93%. Let's Go.
"hopefully this won't end up like my copper trade...." -KewlKat
Hi
I think BoC must move rates higher since all that happened.
This Imho, USDCAD should reach at least 1.24 ish.
Thanks if you read, liked and commented.
if not then not.
Good luck trading.
Carlos
The rally in USDCAD has lost momentum over the last couple of months, perhaps a sign that the correction is drawing to a close.
The pair only recently broke above the 200/233-day SMA band, giving the impression that the correction had only just started. But then it failed to make a new high last week and now it's testing that same moving average band from...
The evolutionary break of 1.260x unlocked the floodgates and buyers successfully captured the higher high. But the revolutionary attack would not be complete without capitulation and be as follows:
1. Taking 1.295x (there is no question of having broken above July 19th highs, since sellers have given up a lot of ground for it, will unlock a test of 1.331x as a...
📍 USDCAD
Prepare for a flush in CAD with the ever-present threat of Canadian tariffs from Trump. Protectionism is excellent at the best of times...let alone in the middle of a pandemic... right 🥺
The unwinding is picking up speed - RSI on track for the decline and pressure looks set to carry us into the 70 handle.
=> A possible breakdown can also now be met...
FX:NZDCAD
AS WE ENTER THE LAST WEEK OF THE MONTH
WE'VE SEEN BULLISH ACTION ACROSS NZD AND AUD BASED PAIRS
POSSIBLE CONTINUATION WHILE WE ALSO COULD SEE FUTHER DOWNSIDE
PRESSURE IN OIL OR CAD ITSELF DUE TO THE STATE OF THE ECONOMY
AND PRINTING OF $$$$. HOLD ONTO YOUR HORSES, IT'S ONLY MONDAY TRADERS!
CHEERS
JOIN US IN THE TELEGRAM ANALYSIS GROUP WHILE ITS...
REGARDLESS OF THE DOLLAR'S STRENGTH AGAINST OTHER CURRENCIES, THE CANADIAN LOONIE WILL SHOW MASSIVE WEAKNESS!
SHORTING CAD WILL BE AN EXTREMELY PROFITABLE TRADE AS CANADA WILL BE THE FIRST WESTERN NATION TO EXPERIENCE HYPERINFLATION THIS DECADE!
THE CANADIAN ECONOMY IS EXTREMELY FRAGILE, INEFFICIENT AND LACKS PRODUCTIVE DIVERSITY! NOT TO MENTION FASCIST AS HELL!
