For the last few weeks, my focus has been on the USDX and major pairs.
In my previous post, I mentioned 2 important factors to be monitoring (not exhaustive):
1. the importance of the SPX breaking above 1900 to signal further USDX strengthening which has happened.
2. GBP/USD to retrace back to 1.667 (which is close to happening with an almost perfect A-B-C wave retracement)
Having said that, the USDCAD has been catching my attention in the last week as well as the CAD's strengthening position re…
In my previous post, I mentioned 2 important factors to be monitoring (not exhaustive):
1. the importance of the SPX breaking above 1900 to signal further USDX strengthening which has happened.
2. GBP/USD to retrace back to 1.667 (which is close to happening with an almost perfect A-B-C wave retracement)
Having said that, the USDCAD has been catching my attention in the last week as well as the CAD's strengthening position re…