The Canadian dollar is at a midpoint where it can still fall to $12.64 in the coming days or break the triangular formation it has formed by rising again to $13.17.
We talk about possible moves in the near future.
This analysis is created for educational purposes and not as a financial advice.
Hello people,
A good opportunity for a long position... If you know what you are looking at
It's a risky trade, but with a good potential for a pullback
I have entered a full position on the green line, because its a risky position, I always leave another half position ready to enter in another level, in case the divergence gets a bit longer and the price drops a...
CADMXN seems to be "wedging" again and about to break to the upside. Just like in early 2020, we seem to have seen a failed attempt to break lower that triggered a potential multifigure move to the upside. Keeping an eye on it!
After the big impulse move that ended at the 16 of April we saw an correction which is still till date unfolding. With wave c unfolding as an ending diagonal, we can expect a rapid rally to the upside as ending diagonals are characterized in that manner. Mind you shorting this pair is based on the fact that the short term trend is down.
I expect the short first, then as it approaches the trend line we will know if it will bounce or break through. i will keep updating this idea. thank you.
I am seeing possible bearishness in this exotic pair.
Wait for price to retrace slightly higher before looking to short it.
target level - 15.41
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets...
Based on 5 year analysis it seems like the cadmxn trade is a great long term investment they have been in a very consistent upward trend since 2006. i added the pivot points in order to see what is currently going on. it is struggling to fall under the red pivot point. i believe this will be a buy since it seems like its going to bounce off that pivot point into...
Lets get EXOTIC! the pair is very volitile and it has the RSI at overbought. I am bearish on the pair and looking for a sell opportunity on shorter timeframes
Like the majority of CAD pairs CAD/MXN has posted a weekly reversal candle at key support area. I am particularly interesting in this pair as i've been awaiting a larger correction in the USD/MXN, however as it stands it is the CAD/MXN that looks cleaner imo.
Any thoughts or ideas are appreciated
