USDCAD Down to 1.2100 and more in Medium Term
The U-Shape Band and the S-Curve Band to confirm the downward in long and medium term. At such, short trade from the monthly high/low, weekly high/low and the daily high/low is feasible. The equivalent band performance is with EURCAD and GBCAD, but different width of bands.
The actual rate todownward (1.2100 or more) is subject to equivalent rate of CADUSD, CADCHF, CADJPY at their upper medium term bands.
The actual rate todownward (1.2100 or more) is subject to equivalent rate of CADUSD, CADCHF, CADJPY at their upper medium term bands.
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I short USDCAD from the highest level by multiple short trades to follow the medium term trend
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My most favorite of pair to short trade until now.
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Riding down as the forecast from the beginning. Multiple short trades consistently profitable.
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CAD hammered and compressed due to the excessive strengthening and exceeding the interest rate differentials. She moved ahead of AUD and NZD of wider interest rate differential.
But and however, will be resumed to move to downward by not exceeding AUD and NZD as per interest rate differential measurement. The 1.2100 is still in the card and will break that level by the last widened interest rate differentials, subject to equivalent adjustment made by AUD and NZD by their interest rate differentials.
But and however, will be resumed to move to downward by not exceeding AUD and NZD as per interest rate differential measurement. The 1.2100 is still in the card and will break that level by the last widened interest rate differentials, subject to equivalent adjustment made by AUD and NZD by their interest rate differentials.