On the Daily timeframe, we can see the completion of wave 2 correction (a,b,c,d,e). Now looking forward for the next bull run.
We're looking to see a resumption of the bull run on the CAD INDEX as price is currently completing the second wave of the 3rd leg. A break of the red counter trend line on the weekly timeframe will give us a confirmation that wave 3 is about to begin. It is important to know that the CAD INDEX is not a tradable pair but can be used a guide to trade CAD crosses. A...
Analysis Please see above our analysis of the Canadian dollar index. Importantly we have seen oil hitting the highs the past few weeks and we anticipate this bullish move on oil is starting to become exhausted. This is crucial due to the correlation between oil and the Canadian dollar. It is also worth mentioning that USD/CAD and Crude Oil are negatively...
#CAD INDEX 8H Time Frame Here Is The Possibility On CAD Index Near to Reach The Top Resistance Level After That Moving Down