CAD MEDIUM TERM SHORT: Massive divergence between DXY and CAD

The chart shows INVERTED dollar index (blue) vs CAD index (candles).

There is a clear correlation between inverted dollar and CAD - that is, a stronger dollar negatively impacts CAD - likely since a stronger dollar weighs on commodity prices in general.

At present, there is a strong divergence between CAD index and inverted dollar.

This needs to be corrected.

Sustained dollar strength should lead to a fall in CAD in the medium term.

İşlem aktif:

In progress, CAD weakening

Yorum:

Going well