looking at C.O.T s for the DX Gold and the CAD, as well as the market structure for the DX, CXY and gold....higher probability we ll see the loonie move to the upside stopping at the demand zone before taking the fall which originally I had anticipated
DXY is at a weekly demand and resistance line, CXY is at a 2 year low just broke little below support, XAU looks like we ll have another push to the upside, however WTI is a little harder to read and the dollar has an inversely proportional relationship to oil lately.In the next few days maybe even tonite we ll see the start of a month long drop to the channel's...
looking at the structure, trader reports, CAD futures, DX and the fed hike...I think whats going to occur is a large spike to the upside followed by a dramatic drop in the USD...we ll see I do really love interest rates, but the USD/CAD is a nightmare....short, long short
as you can see if the dollar takes a dive on the interest rate next week, I speculate we ll have a big rally, before an even bigger tumble to the down side....so short, long then at the end of the year the BIG Short!!!!!!
I believe we will see a high 127 before the interest rate next week than another big drop. C.O.T reports supports the upside move, CAD 48% short....meaning long usd/cad. My last analysis bit the big one. Just got to know how to react to adverse conditions