CANADIAN DOLLAR – between FED-BoC & OIL DANCE…

CANADIAN DOLLAR  –   Today on ATA Research Radar 

ATA Following …

DXY Index & EUR/USD

31.03.2019 –  DXY – F/X MARATHON ELITE…

26.05.2019 – EUR/USD – European Political New Arrangement Risk…

OIL

28.04.2019 –  OIL – WASHINGTON vs TEHRAN CLASH…

US YIELD 

29.05.2019 –  US 10Y BOND YIELD – Awakening & Run to Safe Haven…

CANADIAN DOLLAR  Master Motives

Latest Central Motive –  Bank of Canada holds Key Interest Rate at 1.75%

but

BoC  likely to join FED  –  Interest Rate Cut this year  ( September 2019 ) 

Canadian GDP 0.1 %  Q/Q  IN Q1 2019 –  the same Growth as Q4 2018 

&

OIL Active Wave Down 

CANADA

Present  CANADIAN DOLLAR  Situation 

First…Main Motives

Global & US – EU Slowdown  & Recession Risk

FED  vs ECB & BOJ Monetary Policy

&

TRUMP Trade War

Tariffs Trump Key Tweet 

New US Tariffs

New China Tariffs 

&

IRAN – AMERICAN STRIKE RISK

NORTH KOREA RISK Back 

with

Special New CANADIAN DOLLAR Motives

above in this text…

Second…Market Technical  Patterns 

Long Term M Patterns

Master – Key Level  1.4700 Zone 

( January 2016 Top )

Present – Key Level  1.3650 -30 

( April 2017 – December 2018 )

with

FIB RET 61.8% 1.3478 and 78.6% 1.4677 – All  Big Wave Down

( 2002 – 2007 )

&

Weekly  Flag  stricte Correction Pattern 

Daily Ending Diagonal 

with

Weekly MACD near to Active Sell Signal 

Daily MACD  Sell Signal 

vs

Flag Pattern only Correction in Rising Wave 

with

FIB RET 44.7% – 50%  1.3478   1.2330 – 1.2050 

Last Wave Up

( March 2011 –  January 2016 )

&

Monthly MACD Buy Signal 

ATA  USD/CAD  Investment Conclusion 

Focus carefully Result of  Testing 

Top Key Level Zone  1.3650

vs

Last Support Zone  1.2330 – 1.2050 

that’s shows

CAD  Future Direction 

N – TIMES

Finally …

F/X  Maxim 

Most Important is  Final  Smart Money Reaction….

First…EOD-s 

Second…EOW-s

Final…EOM – Now June 

USD/CAD  Monthly  Weekly & Daily Charts :

5.06.2019

USD-CAD - M - Line

USD-CAD - M

USD-CAD - W

USD-CAD - D

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