CAD outperforming USD? NO WAY!
The fundamental point of view:
Despite all the stimuli of the federal reserve, the retail sales data of the USA for Dec. were truly awful and showed the lack of demand. On the other hand, the inflation data made a new high. These elements are not suitable for the economy and reflationary trades are kind of far from my mind especially if the Fed starts QT or rate hikes.
Moreover, the COT data represent the asset managers have not been eager to open more long positions in CAD but the USD.
IMO, CAD cannot outweigh USD.
Now, Some technicals:
My chart is based on Ichimoku and price action triggers. The idea of BUY positions is based on a stop hunting activity in the H4 time frame. RRR of these positions is worth it.
Despite all the stimuli of the federal reserve, the retail sales data of the USA for Dec. were truly awful and showed the lack of demand. On the other hand, the inflation data made a new high. These elements are not suitable for the economy and reflationary trades are kind of far from my mind especially if the Fed starts QT or rate hikes.
Moreover, the COT data represent the asset managers have not been eager to open more long positions in CAD but the USD.
IMO, CAD cannot outweigh USD.
Now, Some technicals:
My chart is based on Ichimoku and price action triggers. The idea of BUY positions is based on a stop hunting activity in the H4 time frame. RRR of these positions is worth it.
Comentarios:
Here we have all the TPs touched looking for future trades.