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...
Price has rejected from the top end of the parallel channel and has been retracing for the past 3 weeks. It is now approaching the .618 fib level which also lines up with a structure zone. Price has now started slowing down on the lower time frames so I'm expecting a rejection once it reaches the .618 fib with a push to the downside to the bottom end of the...
Posted CAD index earlier as it was approaching the top end of the parallel channel. Got the big push down as expected hence why majority of the CAD pairs have had a huge push downwards. Those of you that was following the FREE group in the link below would have caught CADCHF as CHF index was also looking ready so i chose that pair to enter. We may get a retest...
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...
HELLO TRADERS - It is important to look at indexes for high probability setups. - After studying CAD Index I am looking for great short impulse. IMPORTANT "CAD INDEX IS SHORT" - xxxcad = long - cadxxx = short
#CAD INDEX 8H Time Frame Here Is The Possibility On CAD Index Near to Reach The Top Resistance Level After That Moving Down