Prices specially in foreign exchange markets tend to be cyclical, therefore it is not that rare to them come back to the point they were before, but the difference is in which trend is that time, in other words, what part of the particular cycle is evolving.
In the Loonie this action has brought back prices to a previous distribution zone, if distributors of bucks engage in their action a new down trend is under way, for the loonie; otherwise upside is on hand.
The ratio DJI over Loonie suggests a reversal is out of the door.
What I find interesting here is that round bottom of the chart, saucer like action.
Wait, see and do your math including self opportunity costs analysis.
In the Loonie this action has brought back prices to a previous distribution zone, if distributors of bucks engage in their action a new down trend is under way, for the loonie; otherwise upside is on hand.
The ratio DJI over Loonie suggests a reversal is out of the door.
What I find interesting here is that round bottom of the chart, saucer like action.
Wait, see and do your math including self opportunity costs analysis.